Umpqua Bank Buys 601 Shares of Cameco Co. (NYSE:CCJ)

Umpqua Bank grew its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 13.1% in the 3rd quarter, Holdings Channel reports. The firm owned 5,206 shares of the basic materials company’s stock after acquiring an additional 601 shares during the quarter. Umpqua Bank’s holdings in Cameco were worth $249,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. LRI Investments LLC acquired a new stake in Cameco during the first quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Cameco by 71.5% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock worth $27,000 after buying an additional 238 shares during the period. JFS Wealth Advisors LLC increased its stake in shares of Cameco by 130.6% in the 3rd quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 550 shares in the last quarter. Larson Financial Group LLC increased its stake in shares of Cameco by 99.3% in the 1st quarter. Larson Financial Group LLC now owns 1,204 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 600 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Cameco by 68.8% during the 3rd quarter. Blue Trust Inc. now owns 1,575 shares of the basic materials company’s stock valued at $77,000 after acquiring an additional 642 shares during the period. Institutional investors own 70.21% of the company’s stock.

Cameco Stock Up 2.4 %

Shares of CCJ traded up $1.21 during trading hours on Wednesday, reaching $52.47. 590,963 shares of the stock traded hands, compared to its average volume of 4,382,935. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $58.72. The stock has a fifty day simple moving average of $47.56 and a 200 day simple moving average of $48.09. The company has a market cap of $22.83 billion, a price-to-earnings ratio of 119.23 and a beta of 0.89. The company has a current ratio of 3.22, a quick ratio of 1.48 and a debt-to-equity ratio of 0.23.

Analysts Set New Price Targets

CCJ has been the subject of several research analyst reports. Glj Research reaffirmed a “buy” rating and issued a $63.73 price target on shares of Cameco in a research note on Wednesday, August 14th. Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a research note on Friday, October 4th. Cantor Fitzgerald raised Cameco from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 31st. Scotiabank decreased their price objective on Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Finally, National Bank Financial upgraded shares of Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $66.56.

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.