Revere Asset Management Inc purchased a new stake in Cameco Corporation (NYSE:CCJ – Free Report) (TSE:CCO) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 54,162 shares of the basic materials company’s stock, valued at approximately $4,955,000. Cameco makes up approximately 1.7% of Revere Asset Management Inc’s portfolio, making the stock its 12th largest holding.
Several other institutional investors and hedge funds have also modified their holdings of the business. Clearstead Advisors LLC grew its stake in shares of Cameco by 0.8% in the fourth quarter. Clearstead Advisors LLC now owns 10,158 shares of the basic materials company’s stock valued at $929,000 after acquiring an additional 85 shares in the last quarter. Legacy Bridge LLC grew its stake in shares of Cameco by 0.9% in the fourth quarter. Legacy Bridge LLC now owns 11,508 shares of the basic materials company’s stock valued at $1,053,000 after acquiring an additional 100 shares in the last quarter. S.A. Mason LLC grew its stake in shares of Cameco by 4.8% in the fourth quarter. S.A. Mason LLC now owns 2,436 shares of the basic materials company’s stock valued at $223,000 after acquiring an additional 111 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Cameco by 19.9% in the fourth quarter. GAMMA Investing LLC now owns 676 shares of the basic materials company’s stock valued at $62,000 after acquiring an additional 112 shares in the last quarter. Finally, Midwest Trust Co grew its stake in shares of Cameco by 4.8% in the fourth quarter. Midwest Trust Co now owns 2,522 shares of the basic materials company’s stock valued at $231,000 after acquiring an additional 116 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
CCJ has been the topic of a number of analyst reports. Barclays initiated coverage on shares of Cameco in a research note on Thursday. They set an “equal weight” rating and a $108.00 price objective on the stock. The Goldman Sachs Group reiterated a “buy” rating and set a $131.00 price objective on shares of Cameco in a research note on Wednesday, February 4th. Canadian Imperial Bank of Commerce increased their price objective on shares of Cameco to $202.00 in a research note on Monday, March 9th. Zacks Research downgraded shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Finally, Scotiabank reiterated an “outperform” rating and set a $175.00 price objective on shares of Cameco in a research note on Wednesday, May 6th. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $148.62.
Cameco Stock Down 0.0%
CCJ stock opened at $104.71 on Tuesday. The stock has a market capitalization of $45.61 billion, a P/E ratio of 96.96, a price-to-earnings-growth ratio of 1.77 and a beta of 1.04. The company has a current ratio of 3.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14. Cameco Corporation has a 12 month low of $55.11 and a 12 month high of $135.24. The firm has a 50-day moving average price of $112.99 and a 200-day moving average price of $107.28.
Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) last posted its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. The firm had revenue of $607.49 million during the quarter, compared to analysts’ expectations of $598.63 million. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.16 earnings per share. As a group, equities research analysts anticipate that Cameco Corporation will post 1.32 EPS for the current fiscal year.
Cameco Profile
Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.
The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.
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