PKO Investment Management Joint Stock Co Grows Position in Cameco Corporation $CCJ

PKO Investment Management Joint Stock Co grew its position in Cameco Corporation (NYSE:CCJ – Free Report) (TSE:CCO) by 39.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,300 shares of the basic materials company’s stock after purchasing an additional 4,900 shares during the period. PKO Investment Management Joint Stock Co’s holdings in Cameco were worth $1,877,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC acquired a new position in Cameco during the fourth quarter valued at approximately $25,000. Founders Capital Management purchased a new stake in Cameco during the fourth quarter worth approximately $27,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Cameco in the fourth quarter worth $28,000. Caitong International Asset Management Co. Ltd increased its position in shares of Cameco by 30,700.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 307 shares in the last quarter. Finally, Strategic Advocates LLC purchased a new position in shares of Cameco in the 3rd quarter valued at $28,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

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Cameco Trading Up 0.6%

NYSE CCJ opened at $107.08 on Tuesday. The company’s fifty day simple moving average is $112.40 and its 200-day simple moving average is $110.05. The stock has a market cap of $46.64 billion, a P/E ratio of 99.15, a PEG ratio of 1.94 and a beta of 0.99. Cameco Corporation has a 52 week low of $67.60 and a 52 week high of $135.24. 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 (NYSE:CCJ – Get Free Report) (TSE:CCO) last released its quarterly earnings results 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 net margin of 18.38% and a return on equity of 11.05%. The firm had revenue of $607.49 million for the quarter, compared to the consensus estimate of $598.63 million. During the same quarter in the previous year, the firm posted $0.16 EPS. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. Equities research analysts predict that Cameco Corporation will post 1.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Sanford C. Bernstein restated an “outperform” rating and set a $135.00 target price on shares of Cameco in a report on Monday, June 15th. William Blair initiated coverage on Cameco in a report on Monday, April 20th. They issued an “outperform” rating for the company. Canadian Imperial Bank of Commerce raised their price objective on Cameco to $202.00 in a research report on Monday, March 9th. TD Securities cut Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Finally, Barclays assumed coverage on Cameco in a research report on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 target price for the company. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $147.42.

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Cameco Company 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.

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