Financial Sense Advisors Inc. Cuts Position in Cameco Co. (NYSE:CCJ)

Financial Sense Advisors Inc. reduced its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 27.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,731 shares of the basic materials company’s stock after selling 1,778 shares during the quarter. Financial Sense Advisors Inc.’s holdings in Cameco were worth $205,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in CCJ. Principal Securities Inc. acquired a new stake in Cameco in the 4th quarter valued at $29,000. Versant Capital Management Inc purchased a new stake in shares of Cameco during the 4th quarter valued at about $34,000. Sandy Spring Bank acquired a new position in Cameco during the 4th quarter worth approximately $43,000. Blue Trust Inc. lifted its position in Cameco by 57.5% during the 4th quarter. Blue Trust Inc. now owns 1,427 shares of the basic materials company’s stock worth $57,000 after acquiring an additional 521 shares in the last quarter. Finally, Creekmur Asset Management LLC purchased a new position in Cameco in the 4th quarter worth approximately $97,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. StockNews.com cut shares of Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. Bank of America raised their target price on Cameco from $59.00 to $60.50 and gave the company a “buy” rating in a research note on Wednesday, June 26th. Finally, The Goldman Sachs Group raised their price objective on Cameco from $56.00 to $62.00 and gave the company a “buy” rating in a research note on Friday, June 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $63.70.

Cameco Stock Performance

Shares of NYSE CCJ opened at $50.56 on Thursday. The company has a quick ratio of 0.69, a current ratio of 1.42 and a debt-to-equity ratio of 0.17. The firm’s 50-day moving average price is $51.53 and its two-hundred day moving average price is $47.13. The stock has a market capitalization of $22.00 billion, a P/E ratio of 129.51 and a beta of 0.91. Cameco Co. has a 52-week low of $29.17 and a 52-week high of $56.24.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.23). The company had revenue of $470.29 million for the quarter. Cameco had a net margin of 9.28% and a return on equity of 4.60%. As a group, sell-side analysts forecast that Cameco Co. will post 1.35 earnings per share 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.