Moss Adams Wealth Advisors LLC Makes New $441,000 Investment in Cameco Co. (NYSE:CCJ)

Moss Adams Wealth Advisors LLC bought a new stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,237 shares of the basic materials company’s stock, valued at approximately $441,000.

Several other large investors also recently modified their holdings of CCJ. Vanguard Group Inc. increased its stake in Cameco by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 15,711,083 shares of the basic materials company’s stock worth $677,148,000 after purchasing an additional 162,569 shares in the last quarter. First Hawaiian Bank bought a new stake in Cameco in the 1st quarter valued at $228,000. Banque Cantonale Vaudoise lifted its position in Cameco by 44.3% in the 1st quarter. Banque Cantonale Vaudoise now owns 17,450 shares of the basic materials company’s stock valued at $757,000 after acquiring an additional 5,361 shares in the last quarter. Ballentine Partners LLC bought a new position in shares of Cameco during the 1st quarter worth approximately $273,000. Finally, Westend Capital Management LLC acquired a new stake in shares of Cameco in the first quarter valued at approximately $11,053,000. 70.21% of the stock is currently owned by institutional investors.

Cameco Stock Performance

Shares of CCJ stock opened at $58.02 on Friday. The company has a 50-day simple moving average of $44.42 and a 200 day simple moving average of $47.66. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.48 and a current ratio of 3.22. The company has a market capitalization of $25.25 billion, a price-to-earnings ratio of 148.76 and a beta of 0.90. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $58.65.

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 firm had revenue of $598.00 million for 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 for the quarter was up 24.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.01) EPS. On average, sell-side analysts predict that Cameco Co. will post 0.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

CCJ has been the subject of a number of analyst reports. Scotiabank decreased their target price on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Glj Research reaffirmed a “buy” rating and set a $63.73 price target on shares of Cameco in a research report on Wednesday, August 14th. National Bank Financial raised shares of Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a research note on Friday, October 4th. Finally, Bank of America raised their target price on shares of Cameco from $59.00 to $60.50 and gave the company a “buy” rating in a research note on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $66.56.

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.