International Assets Investment Management LLC Invests $95.83 Million in Cameco Co. (NYSE:CCJ)

International Assets Investment Management LLC purchased a new stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 200,640 shares of the basic materials company’s stock, valued at approximately $95,830,000.

Several other institutional investors have also made changes to their positions in the stock. Silvia Mccoll Wealth Management LLC boosted its stake in shares of Cameco by 3.9% in the third quarter. Silvia Mccoll Wealth Management LLC now owns 5,610 shares of the basic materials company’s stock valued at $268,000 after buying an additional 210 shares during the period. EdgeRock Capital LLC boosted its stake in shares of Cameco by 1.7% in the third quarter. EdgeRock Capital LLC now owns 13,689 shares of the basic materials company’s stock valued at $654,000 after buying an additional 224 shares during the period. LRI Investments LLC lifted its stake in Cameco by 39.0% during the second quarter. LRI Investments LLC now owns 834 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 234 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Cameco by 71.5% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 238 shares during the last quarter. Finally, S.A. Mason LLC lifted its stake in Cameco by 8.1% during the second quarter. S.A. Mason LLC now owns 3,449 shares of the basic materials company’s stock worth $170,000 after purchasing an additional 258 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CCJ has been the subject of several recent analyst reports. Glj Research restated a “buy” rating and set a $63.73 target price on shares of Cameco in a research note on Wednesday, August 14th. Scotiabank cut their target price on Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. Cantor Fitzgerald upgraded Cameco from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 31st. National Bank Financial upgraded Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. Finally, Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $66.56.

Cameco Stock Down 0.1 %

Shares of NYSE:CCJ opened at $53.79 on Friday. The company has a fifty day moving average of $45.96 and a 200-day moving average of $47.89. The company has a market capitalization of $23.41 billion, a PE ratio of 137.92 and a beta of 0.90. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.48 and a current ratio of 3.22. Cameco Co. has a 52-week low of $35.43 and a 52-week high of $58.72.

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

Cameco Company 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.