Vanguard Capital Wealth Advisors Buys 7,637 Shares of Cameco Corporation $CCJ

Vanguard Capital Wealth Advisors boosted its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 53.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,885 shares of the basic materials company’s stock after buying an additional 7,637 shares during the period. Cameco accounts for approximately 1.5% of Vanguard Capital Wealth Advisors’ portfolio, making the stock its 13th largest position. Vanguard Capital Wealth Advisors’ holdings in Cameco were worth $2,229,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mcguire Capital Advisors Inc. bought a new stake in shares of Cameco during the fourth quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Cameco by 30,700.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 307 shares in the last quarter. Sterling Capital Management LLC bought a new stake in Cameco in the first quarter worth $30,000. Sunbelt Securities Inc. boosted its stake in Cameco by 928.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 325 shares in the last quarter. Finally, Brown Lisle Cummings Inc. grew its holdings in shares of Cameco by 3,200.0% during the first quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company’s stock valued at $32,000 after buying an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Trading Down 2.6%

CCJ stock opened at $96.21 on Wednesday. The stock has a market capitalization of $41.90 billion, a price-to-earnings ratio of 163.07, a price-to-earnings-growth ratio of 1.69 and a beta of 1.06. Cameco Corporation has a twelve month low of $73.20 and a twelve month high of $135.24. The firm’s fifty day simple moving average is $95.58 and its two-hundred day simple moving average is $106.68. The company has a quick ratio of 2.10, a current ratio of 3.06 and a debt-to-equity ratio of 0.14.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Friday, July 31st. The basic materials company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.13). The business had revenue of $573.06 million during the quarter, compared to analysts’ expectations of $579.60 million. Cameco had a return on equity of 7.59% and a net margin of 10.20%.The business’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 EPS. As a group, analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CCJ shares. Sanford C. Bernstein reissued an “outperform” rating and issued a $135.00 target price on shares of Cameco in a research report on Monday, June 15th. Weiss Ratings cut Cameco from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, August 12th. Truist Financial raised their price objective on shares of Cameco from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Wall Street Zen cut Cameco from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Finally, Citigroup reiterated a “positive” rating on shares of Cameco in a research note on Wednesday, July 15th. Thirteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $145.68.

Cameco Company Profile

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.