Summit Financial LLC grew its holdings in Cameco Corporation (NYSE:CCJ – Free Report) (TSE:CCO) by 6.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 128,613 shares of the basic materials company’s stock after acquiring an additional 7,230 shares during the quarter. Summit Financial LLC’s holdings in Cameco were worth $11,767,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC acquired a new stake in Cameco in the fourth quarter worth about $25,000. Founders Capital Management acquired a new stake in shares of Cameco during the fourth quarter worth about $27,000. Strategic Advocates LLC acquired a new stake in shares of Cameco during the third quarter worth about $28,000. Sunbelt Securities Inc. lifted its holdings in shares of Cameco by 928.6% during the third quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 325 shares during the period. Finally, Delos Wealth Advisors LLC lifted its holdings in shares of Cameco by 60.0% during the third quarter. Delos Wealth Advisors LLC now owns 400 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms recently commented on CCJ. Canadian Imperial Bank of Commerce lifted their target price on Cameco to $202.00 in a report on Monday, March 9th. Scotiabank reaffirmed an “outperform” rating and set a $175.00 target price on shares of Cameco in a report on Wednesday, May 6th. TD Securities downgraded Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. William Blair began coverage on Cameco in a report on Monday, April 20th. They set an “outperform” rating for the company. Finally, Barclays began coverage on Cameco in a report on Thursday, May 21st. They set an “equal weight” rating and a $108.00 target price for the company. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $148.62.
Cameco Stock Up 2.0%
Cameco stock opened at $100.94 on Friday. The stock has a market capitalization of $43.96 billion, a PE ratio of 93.47, a price-to-earnings-growth ratio of 1.68 and a beta of 0.99. Cameco Corporation has a 12 month low of $64.84 and a 12 month high of $135.24. The business has a 50 day simple moving average of $113.12 and a 200-day simple moving average of $109.09. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.08 and a quick ratio of 2.09.
Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) last posted its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The business had revenue of $607.49 million during the quarter, compared to analysts’ expectations of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The business’s revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.16 earnings per share. On average, analysts anticipate that Cameco Corporation will post 1.31 EPS for the current fiscal year.
Cameco Company 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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