GWM Advisors LLC increased its position in Cameco Corp (NYSE:CCJ) (TSE:CCO) by 6.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 62,250 shares of the basic materials company’s stock after buying an additional 3,660 shares during the period. GWM Advisors LLC’s holdings in Cameco were worth $734,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Moerus Capital Management LLC boosted its stake in shares of Cameco by 10.3% during the first quarter. Moerus Capital Management LLC now owns 1,754,475 shares of the basic materials company’s stock valued at $20,700,000 after purchasing an additional 163,298 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in Cameco by 1.2% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 7,755,314 shares of the basic materials company’s stock valued at $91,435,000 after acquiring an additional 91,490 shares in the last quarter. State of Tennessee Treasury Department boosted its stake in Cameco by 30.2% in the first quarter. State of Tennessee Treasury Department now owns 1,281,890 shares of the basic materials company’s stock valued at $15,112,000 after acquiring an additional 297,238 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Cameco in the first quarter valued at approximately $684,000. Finally, William Blair Investment Management LLC boosted its stake in Cameco by 4.2% in the first quarter. William Blair Investment Management LLC now owns 1,816,225 shares of the basic materials company’s stock valued at $21,413,000 after acquiring an additional 73,742 shares in the last quarter. 51.64% of the stock is owned by institutional investors.
CCJ has been the subject of several research reports. Raymond James reiterated a “buy” rating on shares of Cameco in a research note on Thursday, May 2nd. Royal Bank of Canada reiterated a “hold” rating on shares of Cameco in a research note on Thursday, May 2nd. TD Securities downgraded shares of Cameco from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Finally, Zacks Investment Research cut shares of Cameco from a “hold” rating to a “sell” rating in a report on Friday, March 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.67.
Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Wednesday, May 1st. The basic materials company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.04). The firm had revenue of $297.50 million during the quarter, compared to analyst estimates of $392.93 million. Cameco had a net margin of 4.72% and a return on equity of 3.13%. The business’s revenue for the quarter was down 32.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 earnings per share. Analysts expect that Cameco Corp will post 0.01 EPS for the current year.
Cameco Corporation produces and sells uranium worldwide. The company operates in two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrate. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; and the Inkai property located in Kazakhstan.
Further Reading: How are Outstanding Shares Different from Authorized Shares?
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