Joule Financial LLC Purchases 764 Shares of Cameco Co. (NYSE:CCJ)

Joule Financial LLC boosted its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 3.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,526 shares of the basic materials company’s stock after purchasing an additional 764 shares during the quarter. Cameco makes up about 2.8% of Joule Financial LLC’s investment portfolio, making the stock its 8th largest holding. Joule Financial LLC’s holdings in Cameco were worth $1,059,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CCJ. International Assets Investment Management LLC acquired a new position in shares of Cameco in the 4th quarter worth $35,700,000. Cerity Partners LLC bought a new stake in Cameco in the fourth quarter worth $403,000. Daiwa Securities Group Inc. acquired a new position in shares of Cameco during the 4th quarter valued at about $112,000. Federated Hermes Inc. raised its position in shares of Cameco by 41.9% in the fourth quarter. Federated Hermes Inc. now owns 276,197 shares of the basic materials company’s stock valued at $11,904,000 after purchasing an additional 81,599 shares during the period. Finally, Signaturefd LLC boosted its holdings in Cameco by 23.3% during the fourth quarter. Signaturefd LLC now owns 7,311 shares of the basic materials company’s stock valued at $315,000 after acquiring an additional 1,380 shares during the period. Institutional investors own 70.21% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CCJ shares. Bank of America raised their price objective on shares of Cameco from $59.00 to $60.50 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. The Goldman Sachs Group boosted their price target on Cameco from $56.00 to $62.00 and gave the company a “buy” rating in a research note on Friday, June 7th. Cantor Fitzgerald raised shares of Cameco from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 31st. Scotiabank reduced their price target on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, Glj Research reissued a “buy” rating and issued a $63.73 target price on shares of Cameco in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $65.37.

Cameco Stock Down 2.5 %

NYSE CCJ traded down $1.04 during trading hours on Thursday, reaching $40.37. 3,286,943 shares of the company’s stock were exchanged, compared to its average volume of 4,368,587. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.69 and a current ratio of 3.22. The company has a market capitalization of $17.57 billion, a price-to-earnings ratio of 105.74 and a beta of 0.92. The company’s 50-day moving average is $46.59 and its two-hundred day moving average is $46.90. Cameco Co. has a one year low of $35.15 and a one year high of $56.24.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). Cameco had a net margin of 9.72% and a return on equity of 5.63%. The firm had revenue of $598.00 million during the quarter, compared to the consensus estimate of $756.00 million. During the same quarter last year, the firm earned ($0.01) earnings per share. The business’s revenue for the quarter was up 24.1% on a year-over-year basis. On average, analysts forecast that Cameco Co. will post 1.06 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.