Avantax Advisory Services Inc. Has $1.52 Million Holdings in Cameco Co. (NYSE:CCJ)

Avantax Advisory Services Inc. increased its stake in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 31.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,568 shares of the basic materials company's stock after acquiring 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 reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Farther Finance Advisors LLC increased its holdings in Cameco by 17.3% in the 4th quarter. Farther Finance Advisors LLC now owns 2,902 shares of the basic materials company's stock valued at $149,000 after buying an additional 428 shares during the period. Sequoia Financial Advisors LLC increased its holdings in Cameco by 3.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 78,132 shares of the basic materials company's stock valued at $4,015,000 after buying an additional 2,612 shares during the period. Saturna Capital Corp increased its holdings in Cameco by 44.0% in the 4th quarter. Saturna Capital Corp now owns 9,737 shares of the basic materials company's stock valued at $500,000 after buying an additional 2,976 shares during the period. Moors & Cabot Inc. increased its holdings in Cameco by 15.4% in the 4th quarter. Moors & Cabot Inc. now owns 9,983 shares of the basic materials company's stock valued at $513,000 after buying an additional 1,334 shares during the period. Finally, AGF Management Ltd. increased its holdings in Cameco by 54.2% in the 4th quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company's stock valued at $174,433,000 after buying an additional 1,193,266 shares during the period. Institutional investors own 70.21% of the company's stock.

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Cameco Price Performance

NYSE CCJ traded down $0.24 on Friday, hitting $44.62. 2,990,101 shares of the company were exchanged, compared to its average volume of 4,090,472. The firm has a 50 day moving average of $47.03 and a two-hundred day moving average of $50.01. The company has a market cap of $19.42 billion, a P/E ratio of 159.34 and a beta of 1.04. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. Cameco Co. has a 1-year low of $35.43 and a 1-year high of $62.55.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. The business had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. On average, equities analysts predict that Cameco Co. will post 1.27 EPS for the current year.

Analysts Set New Price Targets

CCJ has been the topic of several analyst reports. Stifel Nicolaus started coverage on shares of Cameco in a report on Wednesday, March 12th. They issued a "buy" rating on the stock. StockNews.com raised shares of Cameco from a "sell" rating to a "hold" rating in a report on Wednesday. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $90.00 target price on shares of Cameco in a report on Tuesday, March 4th. Glj Research upped their target price on shares of Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a report on Wednesday, March 12th. Finally, Stifel Canada raised shares of Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $73.64.

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.