Northwestern Mutual Wealth Management Co. increased its position in shares of Cameco Corporation (NYSE:CCJ – Free Report) (TSE:CCO) by 14,338.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,112,080 shares of the basic materials company’s stock after buying an additional 1,104,378 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.26% of Cameco worth $101,744,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in Cameco by 79.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 249,992 shares of the basic materials company’s stock worth $20,964,000 after purchasing an additional 110,629 shares during the period. NWF Advisory Services Inc. bought a new position in Cameco during the third quarter worth about $1,996,000. Massachusetts Financial Services Co. MA lifted its stake in Cameco by 7.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,755,802 shares of the basic materials company’s stock worth $231,102,000 after purchasing an additional 202,279 shares during the period. Mediolanum International Funds Ltd lifted its stake in Cameco by 165.5% during the third quarter. Mediolanum International Funds Ltd now owns 34,267 shares of the basic materials company’s stock worth $2,894,000 after purchasing an additional 21,361 shares during the period. Finally, Allianz Asset Management GmbH lifted its stake in Cameco by 278.3% during the third quarter. Allianz Asset Management GmbH now owns 145,429 shares of the basic materials company’s stock worth $12,208,000 after purchasing an additional 106,987 shares during the period. 70.21% of the stock is owned by institutional investors and hedge funds.
Cameco Stock Performance
NYSE:CCJ opened at $107.58 on Friday. Cameco Corporation has a 1 year low of $50.03 and a 1 year high of $135.24. The firm has a 50 day moving average of $114.26 and a 200-day moving average of $107.07. The company has a current ratio of 3.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $46.85 billion, a P/E ratio of 99.61, a price-to-earnings-growth ratio of 1.81 and a beta of 1.04.
Analyst Upgrades and Downgrades
A number of research analysts have commented on CCJ shares. TD Securities cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Glj Research restated a “buy” rating and set a $171.20 price target (up from $100.00) on shares of Cameco in a research note on Wednesday, February 18th. Weiss Ratings cut shares of Cameco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. William Blair started coverage on shares of Cameco in a research note on Monday, April 20th. They set an “outperform” rating for the company. Finally, Scotiabank restated an “outperform” rating and set a $175.00 price target on shares of Cameco in a research note on Wednesday, May 6th. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Cameco has an average rating of “Moderate Buy” and a consensus target price of $153.13.
Get Our Latest Stock Report on CCJ
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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