Tobam increased its holdings in shares of Cameco Corporation (NYSE:CCJ – Free Report) (TSE:CCO) by 1,126.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,521 shares of the basic materials company’s stock after buying an additional 5,071 shares during the quarter. Tobam’s holdings in Cameco were worth $505,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in CCJ. Nisa Investment Advisors LLC acquired a new stake in shares of Cameco in the fourth quarter worth $25,000. Founders Capital Management acquired a new stake in shares of Cameco in the fourth quarter valued at about $27,000. Mcguire Capital Advisors Inc. purchased a new stake in shares of Cameco during the 4th quarter valued at about $28,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Cameco by 30,700.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock valued at $28,000 after buying an additional 307 shares during the period. Finally, Strategic Advocates LLC acquired a new position in Cameco during the 3rd quarter worth approximately $28,000. Institutional investors and hedge funds own 70.21% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the company. Sanford C. Bernstein restated an “outperform” rating and issued a $135.00 price target on shares of Cameco in a report on Monday, June 15th. Scotiabank reiterated an “outperform” rating and set a $175.00 price objective on shares of Cameco in a research note on Wednesday, May 6th. TD Securities cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. William Blair assumed coverage on shares of Cameco in a research note on Monday, April 20th. They issued an “outperform” rating for the company. Finally, Barclays started coverage on shares of Cameco in a report on Thursday, May 21st. They set an “equal weight” rating and a $108.00 price target for the company. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Cameco currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.42.
Cameco Trading Up 0.1%
Shares of CCJ opened at $106.57 on Friday. Cameco Corporation has a one year low of $67.60 and a one year high of $135.24. The stock has a 50-day moving average price of $112.56 and a 200 day moving average price of $109.76. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.09 and a current ratio of 3.08. The company has a market capitalization of $46.42 billion, a P/E ratio of 98.68, a P/E/G ratio of 1.94 and a beta of 0.99.
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 earnings per share (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 company had revenue of $607.49 million for the quarter, compared to the consensus estimate of $598.63 million. During the same period in the previous year, the business earned $0.16 EPS. Cameco’s revenue for the quarter was up 7.1% compared to the same quarter last year. Sell-side analysts forecast that Cameco Corporation will post 1.21 EPS for the current fiscal year.
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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