Castleview Partners LLC Buys New Shares in Cameco Co. (NYSE:CCJ)

Castleview Partners LLC purchased a new stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,548 shares of the basic materials company’s stock, valued at approximately $122,000.

Other institutional investors have also recently made changes to their positions in the company. LRI Investments LLC bought a new position in shares of Cameco in the 1st quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Cameco by 71.5% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock valued at $27,000 after buying an additional 238 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of Cameco by 99.3% during the first quarter. Larson Financial Group LLC now owns 1,204 shares of the basic materials company’s stock valued at $52,000 after buying an additional 600 shares during the last quarter. Blue Trust Inc. increased its position in shares of Cameco by 68.8% during the third quarter. Blue Trust Inc. now owns 1,575 shares of the basic materials company’s stock worth $77,000 after acquiring an additional 642 shares in the last quarter. Finally, Crewe Advisors LLC acquired a new stake in shares of Cameco in the 1st quarter worth about $87,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CCJ. Scotiabank decreased their price objective on Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Bank of America upped their price target on Cameco from $59.00 to $60.50 and gave the stock a “buy” rating in a report on Wednesday, June 26th. Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a research note on Friday, October 4th. Glj Research reiterated a “buy” rating and issued a $63.73 target price on shares of Cameco in a research note on Wednesday, August 14th. Finally, Cantor Fitzgerald raised shares of Cameco from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $66.56.

Cameco Price Performance

Cameco stock opened at $57.92 on Tuesday. The company has a current ratio of 3.22, a quick ratio of 1.48 and a debt-to-equity ratio of 0.23. The business’s 50 day simple moving average is $44.79 and its 200 day simple moving average is $47.71. Cameco Co. has a 12 month low of $35.43 and a 12 month high of $58.72. The company has a market cap of $25.21 billion, a price-to-earnings ratio of 148.51 and a beta of 0.90.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). The company had revenue of $598.00 million for the quarter, compared to analysts’ expectations of $756.00 million. Cameco had a return on equity of 5.63% and a net margin of 9.72%. The business’s revenue for the quarter was up 24.1% on a year-over-year basis. During the same period last year, the company posted ($0.01) EPS. Sell-side analysts forecast that Cameco Co. will post 0.83 EPS for the current year.

Cameco Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.