MinichMacGregor Wealth Management LLC Takes $243,000 Position in Cameco Co. (NYSE:CCJ)

MinichMacGregor Wealth Management LLC acquired a new position in Cameco Co. (NYSE:CCJ) (TSE:CCO) during the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 5,092 shares of the basic materials company’s stock, valued at approximately $243,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CCJ. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Cameco by 71.5% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 238 shares during the period. LRI Investments LLC purchased a new stake in Cameco during the first quarter valued at about $26,000. JFS Wealth Advisors LLC boosted its holdings in shares of Cameco by 130.6% in the third quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company’s stock worth $46,000 after buying an additional 550 shares during the period. Larson Financial Group LLC increased its position in shares of Cameco by 99.3% in the first quarter. Larson Financial Group LLC now owns 1,204 shares of the basic materials company’s stock worth $52,000 after acquiring an additional 600 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in Cameco by 68.8% in the 3rd quarter. Blue Trust Inc. now owns 1,575 shares of the basic materials company’s stock worth $77,000 after purchasing an additional 642 shares during the period. 70.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Cameco Stock Up 0.4 %

Shares of Cameco stock traded up $0.23 during trading on Tuesday, hitting $51.38. 513,771 shares of the stock traded hands, compared to its average volume of 4,389,488. The company has a fifty day moving average price of $47.37 and a two-hundred day moving average price of $48.07. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $58.72. The stock has a market cap of $22.36 billion, a P/E ratio of 118.95 and a beta of 0.89. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.48 and a current ratio of 3.22.

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.