Cameco Corporation $CCJ Shares Bought by Ramirez Asset Management Inc.

Ramirez Asset Management Inc. boosted its stake in shares of Cameco Corporation (NYSE:CCJFree Report) (TSE:CCO) by 4.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 123,674 shares of the basic materials company’s stock after purchasing an additional 5,579 shares during the period. Cameco makes up approximately 1.5% of Ramirez Asset Management Inc.’s portfolio, making the stock its 13th biggest holding. Ramirez Asset Management Inc.’s holdings in Cameco were worth $11,315,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC purchased a new stake in shares of Cameco during the 4th quarter worth about $25,000. Founders Capital Management purchased a new stake in shares of Cameco during the 4th quarter worth about $27,000. Strategic Advocates LLC purchased a new stake in shares of Cameco during the 3rd quarter worth about $28,000. Sunbelt Securities Inc. boosted its stake in shares of Cameco by 928.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 325 shares in the last quarter. Finally, Delos Wealth Advisors LLC boosted its stake in shares of Cameco by 60.0% during the 3rd quarter. Delos Wealth Advisors LLC now owns 400 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 150 shares in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Stock Down 9.2%

Shares of CCJ opened at $103.52 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.09 and a current ratio of 3.08. Cameco Corporation has a one year low of $59.25 and a one year high of $135.24. The stock has a market capitalization of $45.09 billion, a price-to-earnings ratio of 95.85, a PEG ratio of 1.75 and a beta of 0.99. The stock has a 50 day moving average price of $113.70 and a 200 day moving average price of $108.47.

Cameco (NYSE:CCJGet Free Report) (TSE:CCO) last issued its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The firm had revenue of $607.49 million during the quarter, compared to analysts’ expectations of $598.63 million. During the same period in the previous year, the business earned $0.16 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities research analysts forecast that Cameco Corporation will post 1.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CCJ has been the topic of several recent analyst reports. TD Securities lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Canadian Imperial Bank of Commerce increased their target price on shares of Cameco to $202.00 in a research note on Monday, March 9th. Weiss Ratings lowered shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. Royal Bank Of Canada increased their target price on shares of Cameco from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Finally, Barclays assumed coverage on shares of Cameco in a research note on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 price target on the stock. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Cameco has a consensus rating of “Moderate Buy” and a consensus target price of $148.62.

Read Our Latest Analysis on CCJ

About Cameco

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding CCJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cameco Corporation (NYSE:CCJFree Report) (TSE:CCO).

Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

Receive News & Ratings for Cameco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cameco and related companies with MarketBeat.com's FREE daily email newsletter.