K.J. Harrison & Partners Inc Raises Holdings in Cameco Corporation $CCJ

K.J. Harrison & Partners Inc lifted its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 102.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 15,307 shares of the basic materials company’s stock after purchasing an additional 7,750 shares during the period. K.J. Harrison & Partners Inc’s holdings in Cameco were worth $1,135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Manchester Capital Management LLC boosted its stake in shares of Cameco by 100.0% in the 1st quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company’s stock worth $25,000 after buying an additional 300 shares during the last quarter. Dagco Inc. purchased a new position in shares of Cameco in the 1st quarter worth $28,000. SVB Wealth LLC purchased a new position in shares of Cameco in the 1st quarter worth $29,000. Trust Co. of Vermont boosted its stake in shares of Cameco by 1,029.4% in the 2nd quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company’s stock worth $29,000 after buying an additional 350 shares during the last quarter. Finally, Hilltop National Bank purchased a new position in shares of Cameco in the 2nd quarter worth $30,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Price Performance

NYSE:CCJ opened at $102.18 on Monday. The company has a quick ratio of 2.00, a current ratio of 2.96 and a debt-to-equity ratio of 0.15. The business’s 50-day simple moving average is $84.88 and its two-hundred day simple moving average is $71.72. The stock has a market cap of $44.49 billion, a PE ratio of 117.44 and a beta of 0.99. Cameco Corporation has a 52 week low of $35.00 and a 52 week high of $110.15.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.22. The business had revenue of $467.72 million for the quarter, compared to analysts’ expectations of $819.79 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The business’s quarterly revenue was up 46.7% on a year-over-year basis. During the same period last year, the firm earned $0.14 earnings per share. As a group, analysts forecast that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CCJ has been the topic of a number of research reports. Wall Street Zen upgraded Cameco from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. National Bankshares reaffirmed an “outperform” rating on shares of Cameco in a report on Friday, August 22nd. Scotiabank reaffirmed an “outperform” rating on shares of Cameco in a report on Wednesday. BMO Capital Markets reaffirmed an “outperform” rating on shares of Cameco in a report on Friday, August 29th. Finally, UBS Group set a $102.00 target price on Cameco in a report on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $102.61.

Cameco 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.