Roberts Wealth Advisors LLC Has $1.61 Million Stock Holdings in Cameco Corporation (NYSE:CCJ)

Roberts Wealth Advisors LLC lifted its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 117.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 39,100 shares of the basic materials company’s stock after acquiring an additional 21,089 shares during the quarter. Roberts Wealth Advisors LLC’s holdings in Cameco were worth $1,609,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CCJ. Vanguard Capital Wealth Advisors acquired a new position in shares of Cameco in the fourth quarter worth $839,000. Sprott Inc. increased its stake in shares of Cameco by 44.5% in the fourth quarter. Sprott Inc. now owns 111,896 shares of the basic materials company’s stock worth $5,750,000 after acquiring an additional 34,483 shares during the last quarter. FNY Investment Advisers LLC increased its stake in shares of Cameco by 583.2% in the first quarter. FNY Investment Advisers LLC now owns 21,500 shares of the basic materials company’s stock worth $884,000 after acquiring an additional 18,353 shares during the last quarter. Aigen Investment Management LP acquired a new position in shares of Cameco in the fourth quarter worth $930,000. Finally, Plato Investment Management Ltd acquired a new position in shares of Cameco in the fourth quarter worth $360,000. 70.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. UBS Group reaffirmed a “buy” rating on shares of Cameco in a research note on Tuesday, June 10th. Desjardins assumed coverage on shares of Cameco in a report on Friday, April 4th. They set a “buy” rating on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a $90.00 target price on shares of Cameco in a research report on Tuesday, March 4th. Scotiabank reissued an “outperform” rating on shares of Cameco in a research report on Wednesday, May 14th. Finally, The Goldman Sachs Group increased their target price on shares of Cameco from $65.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, June 11th. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Cameco presently has an average rating of “Buy” and an average price target of $75.63.

Cameco Trading Up 0.6%

Shares of NYSE:CCJ opened at $69.67 on Friday. The company has a market cap of $30.33 billion, a P/E ratio of 174.17 and a beta of 0.97. The stock’s 50-day moving average is $53.17 and its 200-day moving average is $49.87. Cameco Corporation has a 52-week low of $35.00 and a 52-week high of $71.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.26 and a current ratio of 2.70.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.07). The business had revenue of $549.58 million during the quarter, compared to analyst estimates of $890.07 million. Cameco had a net margin of 7.50% and a return on equity of 4.47%. The company’s revenue for the quarter was up 24.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.13 earnings per share. Equities research analysts predict that Cameco Corporation will post 1.27 earnings per share for the current 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.