Janus Henderson Group PLC Has $16.88 Million Position in Cameco Corporation $CCJ

Janus Henderson Group PLC raised its holdings in Cameco Corporation (NYSE:CCJ – Free Report) (TSE:CCO) by 102.3% during the first quarter, Holdings Channel.com reports. The fund owned 155,427 shares of the basic materials company’s stock after purchasing an additional 78,609 shares during the period. Janus Henderson Group PLC’s holdings in Cameco were worth $16,883,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Cameco during the 4th quarter valued at $443,265,000. Marshall Wace LLP grew its stake in shares of Cameco by 7,481.3% during the fourth quarter. Marshall Wace LLP now owns 1,752,571 shares of the basic materials company’s stock worth $160,343,000 after purchasing an additional 1,729,454 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Cameco by 14,338.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,112,080 shares of the basic materials company’s stock valued at $101,744,000 after purchasing an additional 1,104,378 shares during the last quarter. Man Group plc increased its holdings in Cameco by 126.3% in the third quarter. Man Group plc now owns 1,698,728 shares of the basic materials company’s stock valued at $142,455,000 after purchasing an additional 948,068 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its stake in Cameco by 1,339.8% in the fourth quarter. Corient Private Wealth LLC now owns 964,552 shares of the basic materials company’s stock valued at $88,247,000 after buying an additional 897,558 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

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Cameco Stock Performance

CCJ stock opened at $89.85 on Tuesday. Cameco Corporation has a 1-year low of $68.96 and a 1-year high of $135.24. The business’s 50-day moving average price is $99.15 and its two-hundred day moving average price is $109.78. The firm has a market cap of $39.13 billion, a PE ratio of 152.29, a P/E/G ratio of 1.36 and a beta of 1.05. 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 Friday, July 31st. The basic materials company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.13). Cameco had a return on equity of 7.64% and a net margin of 10.20%.The business had revenue of $573.06 million for the quarter, compared to analyst estimates of $579.60 million. During the same period in the prior year, the business earned $0.71 EPS. The company’s revenue for the quarter was down 6.8% compared to the same quarter last year. As a group, research analysts forecast that Cameco Corporation will post 1.34 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Bank of America reduced their target price on Cameco from $143.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. William Blair started coverage on shares of Cameco in a research report on Monday, April 20th. They issued an “outperform” rating on the stock. Weiss Ratings lowered shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Royal Bank Of Canada boosted their price objective on shares of Cameco from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Finally, Truist Financial started coverage on shares of Cameco in a research note on Monday, July 13th. They issued a “buy” rating and a $129.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cameco has a consensus rating of “Moderate Buy” and an average price target of $146.18.

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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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