Avantax Advisory Services Inc. Purchases 7,100 Shares of Cameco Co. (NYSE:CCJ)

Avantax Advisory Services Inc. boosted its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 31.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 29,568 shares of the basic materials company’s stock after buying an additional 7,100 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Cameco were worth $1,520,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Sierra Ocean LLC bought a new position in Cameco during the fourth quarter worth about $25,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Cameco during the fourth quarter worth about $28,000. Whipplewood Advisors LLC bought a new position in Cameco during the fourth quarter worth about $33,000. Pingora Partners LLC bought a new position in Cameco during the third quarter worth about $33,000. Finally, Compass Planning Associates Inc bought a new position in Cameco during the fourth quarter worth about $36,000. Institutional investors own 70.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Glj Research raised their target price on Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a report on Wednesday, March 12th. StockNews.com upgraded Cameco from a “sell” rating to a “hold” rating in a report on Wednesday. Royal Bank of Canada reiterated an “outperform” rating and set a $90.00 price objective on shares of Cameco in a report on Tuesday, March 4th. Stifel Canada upgraded Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Finally, Stifel Nicolaus assumed coverage on Cameco in a report on Wednesday, March 12th. They set a “buy” rating on the stock. One research analyst has rated the stock with a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, Cameco currently has an average rating of “Buy” and a consensus price target of $73.64.

Cameco Stock Down 0.5 %

Shares of Cameco stock opened at $43.09 on Wednesday. The business’s 50 day simple moving average is $47.40 and its 200 day simple moving average is $50.07. Cameco Co. has a 52-week low of $35.43 and a 52-week high of $62.55. The firm has a market cap of $18.76 billion, a PE ratio of 153.90 and a beta of 1.04. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The business had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. On average, analysts predict that Cameco Co. will post 1.27 earnings per share 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.