Cibc World Market Inc. increased its stake in shares of Cameco Corporation (NYSE:CCJ – Free Report) (TSE:CCO) by 13.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,857,394 shares of the basic materials company’s stock after acquiring an additional 467,916 shares during the period. Cibc World Market Inc. owned about 0.89% of Cameco worth $353,260,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC acquired a new stake in shares of Cameco during the fourth quarter worth $25,000. Founders Capital Management acquired a new stake in shares of Cameco during the fourth quarter worth $27,000. Strategic Advocates LLC acquired a new stake in shares of Cameco during the third quarter worth $28,000. Sunbelt Securities Inc. raised 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 acquiring an additional 325 shares during the period. Finally, Delos Wealth Advisors LLC raised 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 acquiring an additional 150 shares during the period. 70.21% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
CCJ has been the topic of several recent research reports. Royal Bank Of Canada lifted their price target on shares of Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Canadian Imperial Bank of Commerce lifted their price target on shares of Cameco to $202.00 in a research note on Monday, March 9th. The Goldman Sachs Group reiterated a “buy” rating and issued a $131.00 price target on shares of Cameco in a research note on Wednesday, February 4th. Zacks Research lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Finally, Barclays initiated 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 assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $148.62.
Cameco Stock Down 4.7%
Shares of CCJ stock opened at $114.81 on Thursday. 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 1 year low of $59.10 and a 1 year high of $135.24. The firm’s fifty day moving average price is $113.68 and its two-hundred day moving average price is $108.30. The firm has a market capitalization of $50.00 billion, a P/E ratio of 106.31, a PEG ratio of 2.04 and a beta of 0.99.
Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) last released its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.05. The company had revenue of $607.49 million for the quarter, compared to analyst estimates of $598.63 million. Cameco had a net margin of 18.38% and a return on equity of 11.05%. Cameco’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.16 EPS. On average, equities analysts predict that Cameco Corporation will post 1.31 EPS for the current fiscal year.
About Cameco
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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