Van ECK Associates Corp Increases Holdings in Cameco Corporation $CCJ

Van ECK Associates Corp lifted its position in shares of Cameco Corporation (NYSE:CCJFree Report) (TSE:CCO) by 15.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,292,995 shares of the basic materials company’s stock after acquiring an additional 849,188 shares during the quarter. Van ECK Associates Corp owned 1.45% of Cameco worth $575,771,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of CCJ. Clearstead Advisors LLC lifted its position in shares of Cameco by 0.8% during the fourth quarter. Clearstead Advisors LLC now owns 10,158 shares of the basic materials company’s stock worth $929,000 after purchasing an additional 85 shares during the last quarter. Legacy Bridge LLC lifted its position in shares of Cameco by 0.9% during the fourth quarter. Legacy Bridge LLC now owns 11,508 shares of the basic materials company’s stock worth $1,053,000 after purchasing an additional 100 shares during the last quarter. S.A. Mason LLC lifted its position in shares of Cameco by 4.8% during the fourth quarter. S.A. Mason LLC now owns 2,436 shares of the basic materials company’s stock worth $223,000 after purchasing an additional 111 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Cameco by 19.9% during the fourth quarter. GAMMA Investing LLC now owns 676 shares of the basic materials company’s stock worth $62,000 after purchasing an additional 112 shares during the last quarter. Finally, Kingsview Wealth Management LLC lifted its position in shares of Cameco by 3.4% during the fourth quarter. Kingsview Wealth Management LLC now owns 3,435 shares of the basic materials company’s stock worth $314,000 after purchasing an additional 114 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Up 2.0%

Shares of CCJ opened at $100.94 on Friday. The stock has a market capitalization of $43.96 billion, a price-to-earnings ratio of 93.47, a price-to-earnings-growth ratio of 1.68 and a beta of 0.99. Cameco Corporation has a 1 year low of $64.84 and a 1 year high of $135.24. The business’s 50 day simple moving average is $113.12 and its 200-day simple moving average is $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:CCJGet Free Report) (TSE:CCO) last released its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share for the quarter, beating 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 company had revenue of $607.49 million for the quarter, compared to analyst estimates of $598.63 million. During the same quarter in the prior year, the firm posted $0.16 EPS. Cameco’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, equities analysts expect that Cameco Corporation will post 1.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CCJ. Royal Bank Of Canada raised their target price on shares of Cameco from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Weiss Ratings cut shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. William Blair began coverage on shares of Cameco in a report on Monday, April 20th. They issued an “outperform” rating on the stock. Canadian Imperial Bank of Commerce raised their target price on shares of Cameco to $202.00 in a report on Monday, March 9th. Finally, Scotiabank reissued an “outperform” rating and issued a $175.00 target price on shares of Cameco in a report on Wednesday, May 6th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Cameco currently has an average rating of “Moderate Buy” and an average target price of $148.62.

Read Our Latest Stock Analysis on CCJ

Cameco Profile

(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.

Further Reading

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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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