Headlands Technologies LLC Purchases New Position in Cameco Co. (NYSE:CCJ)

Headlands Technologies LLC purchased a new stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 11,933 shares of the basic materials company’s stock, valued at approximately $514,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Truist Financial Corp lifted its position in Cameco by 19.7% in the fourth quarter. Truist Financial Corp now owns 24,667 shares of the basic materials company’s stock valued at $1,063,000 after acquiring an additional 4,061 shares during the last quarter. Semanteon Capital Management LP purchased a new stake in shares of Cameco in the fourth quarter valued at about $743,000. Bank of New Hampshire raised its holdings in shares of Cameco by 2,655.5% in the fourth quarter. Bank of New Hampshire now owns 32,377 shares of the basic materials company’s stock valued at $1,395,000 after buying an additional 31,202 shares during the last quarter. Atria Wealth Solutions Inc. raised its holdings in shares of Cameco by 60.2% in the fourth quarter. Atria Wealth Solutions Inc. now owns 11,066 shares of the basic materials company’s stock valued at $477,000 after buying an additional 4,158 shares during the last quarter. Finally, Cumberland Partners Ltd raised its holdings in shares of Cameco by 2.1% in the fourth quarter. Cumberland Partners Ltd now owns 287,696 shares of the basic materials company’s stock valued at $12,116,000 after buying an additional 5,780 shares during the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Stock Performance

Shares of Cameco stock traded up $0.19 on Friday, reaching $49.35. 3,083,385 shares of the stock were exchanged, compared to its average volume of 4,261,084. Cameco Co. has a 1-year low of $25.72 and a 1-year high of $52.64. The company has a current ratio of 1.55, a quick ratio of 0.97 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average price of $44.43 and a two-hundred day moving average price of $43.93. The firm has a market capitalization of $21.43 billion, a PE ratio of 82.18 and a beta of 0.92.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Thursday, February 8th. The basic materials company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.06). Cameco had a return on equity of 5.61% and a net margin of 13.97%. The company had revenue of $620.00 million for the quarter. As a group, research analysts anticipate that Cameco Co. will post 1.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. StockNews.com cut shares of Cameco from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. The Goldman Sachs Group assumed coverage on shares of Cameco in a report on Monday, April 1st. They issued a “buy” rating and a $55.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $62.75.

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.