Capital Wealth Planning LLC Sells 19,612 Shares of Cameco Corporation $CCJ

Capital Wealth Planning LLC reduced its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 15.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 109,518 shares of the basic materials company’s stock after selling 19,612 shares during the quarter. Capital Wealth Planning LLC’s holdings in Cameco were worth $9,184,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Financial Consulate Inc. bought a new stake in Cameco in the 3rd quarter valued at $25,000. Armstrong Advisory Group Inc. lifted its holdings in shares of Cameco by 110.3% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 347 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 182 shares during the period. VSM Wealth Advisory LLC bought a new position in shares of Cameco during the 2nd quarter worth about $35,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Cameco during the 3rd quarter valued at about $37,000. Finally, Tobam increased its stake in Cameco by 389.1% in the third quarter. Tobam now owns 450 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 358 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Down 6.4%

Shares of NYSE CCJ opened at $107.92 on Friday. Cameco Corporation has a 12-month low of $35.00 and a 12-month high of $135.24. The firm’s 50-day simple moving average is $116.55 and its 200 day simple moving average is $97.63. The company has a quick ratio of 1.68, a current ratio of 2.47 and a debt-to-equity ratio of 0.14. The company has a market cap of $47.00 billion, a price-to-earnings ratio of 111.26 and a beta of 0.98.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Friday, February 13th. The basic materials company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.07. Cameco had a net margin of 17.00% and a return on equity of 9.35%. The firm had revenue of $874.57 million during the quarter, compared to analysts’ expectations of $782.13 million. During the same quarter last year, the company posted $0.36 EPS. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, research analysts expect that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Weiss Ratings raised shares of Cameco from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Raymond James Financial reaffirmed an “outperform” rating on shares of Cameco in a report on Wednesday, January 14th. Canadian Imperial Bank of Commerce upped their price objective on Cameco to $202.00 in a research note on Monday, March 9th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $147.00 target price on shares of Cameco in a research note on Thursday, February 5th. Finally, Royal Bank Of Canada boosted their target price on Cameco from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Thirteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $150.40.

About Cameco

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.