Jamison Private Wealth Management Inc. Acquires 1,678 Shares of Cameco Co. (NYSE:CCJ)

Jamison Private Wealth Management Inc. lifted its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 33.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,718 shares of the basic materials company’s stock after purchasing an additional 1,678 shares during the period. Jamison Private Wealth Management Inc.’s holdings in Cameco were worth $321,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CCJ. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Cameco by 71.5% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 238 shares during the period. LRI Investments LLC bought a new position in Cameco during the first quarter valued at $26,000. Larson Financial Group LLC increased its position in Cameco by 99.3% in the first quarter. Larson Financial Group LLC now owns 1,204 shares of the basic materials company’s stock worth $52,000 after buying an additional 600 shares during the last quarter. Crewe Advisors LLC bought a new stake in shares of Cameco in the first quarter valued at $87,000. Finally, BNP Paribas purchased a new position in shares of Cameco during the 1st quarter valued at $93,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CCJ. Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a research note on Friday, October 4th. Cantor Fitzgerald raised shares of Cameco from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 31st. Glj Research reissued a “buy” rating and set a $63.73 target price on shares of Cameco in a report on Wednesday, August 14th. National Bank Financial raised Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Finally, Bank of America boosted their price objective on Cameco from $59.00 to $60.50 and gave the company a “buy” rating in a research note on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Cameco has an average rating of “Buy” and an average target price of $66.56.

Cameco Trading Up 7.9 %

Cameco stock opened at $55.77 on Thursday. 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 fifty-two week low of $35.43 and a fifty-two week high of $56.24. The stock has a market cap of $24.27 billion, a P/E ratio of 143.00 and a beta of 0.90. The firm’s fifty day moving average price is $43.70 and its 200-day moving average price is $47.52.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Wednesday, July 31st. The basic materials company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). The business had revenue of $598.00 million during the quarter, compared to the consensus estimate of $756.00 million. Cameco had a return on equity of 5.63% and a net margin of 9.72%. Cameco’s revenue was up 24.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.01) earnings per share. Equities research analysts forecast that Cameco Co. will post 0.83 earnings per share for the current fiscal year.

About Cameco

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.