Park Avenue Securities LLC Buys 3,246 Shares of Cameco Co. (NYSE:CCJ)

Park Avenue Securities LLC grew its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 58.2% during the first quarter, HoldingsChannel reports. The fund owned 8,819 shares of the basic materials company’s stock after acquiring an additional 3,246 shares during the quarter. Park Avenue Securities LLC’s holdings in Cameco were worth $363,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Vanguard Capital Wealth Advisors acquired a new stake in Cameco in the fourth quarter valued at approximately $839,000. Sprott Inc. lifted its holdings in shares of Cameco by 44.5% during the 4th quarter. Sprott Inc. now owns 111,896 shares of the basic materials company’s stock valued at $5,750,000 after purchasing an additional 34,483 shares during the last quarter. Aigen Investment Management LP acquired a new stake in shares of Cameco in the 4th quarter worth $930,000. Plato Investment Management Ltd purchased a new position in Cameco during the 4th quarter worth $360,000. Finally, Tidal Investments LLC grew its stake in Cameco by 44.7% during the 4th quarter. Tidal Investments LLC now owns 36,736 shares of the basic materials company’s stock worth $1,888,000 after buying an additional 11,340 shares during the last quarter. 70.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CCJ has been the subject of a number of research analyst reports. Stifel Nicolaus assumed coverage on Cameco in a research note on Wednesday, March 12th. They issued a “buy” rating for the company. The Goldman Sachs Group increased their price objective on shares of Cameco from $65.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, June 11th. Wall Street Zen upgraded shares of Cameco from a “sell” rating to a “hold” rating in a research note on Tuesday, May 13th. Scotiabank reissued an “outperform” rating on shares of Cameco in a research report on Wednesday, May 14th. Finally, Desjardins assumed coverage on shares of Cameco in a report on Friday, April 4th. They issued a “buy” rating for the company. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $75.63.

Cameco Price Performance

Shares of NYSE:CCJ opened at $66.60 on Monday. Cameco Co. has a twelve month low of $35.00 and a twelve month high of $68.12. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The company has a market cap of $28.99 billion, a PE ratio of 237.85 and a beta of 0.97. The company’s 50 day moving average is $50.71 and its 200 day moving average is $49.45.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07). Cameco had a net margin of 5.39% and a return on equity of 4.34%. The business had revenue of $549.58 million during the quarter, compared to analysts’ expectations of $890.07 million. During the same period last year, the company earned $0.13 earnings per share. The firm’s revenue was up 24.4% on a year-over-year basis. On average, sell-side analysts forecast that Cameco Co. will post 1.27 EPS for the current year.

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.