Montrusco Bolton Investments Inc. Buys New Holdings in Cameco Corporation $CCJ

Montrusco Bolton Investments Inc. bought a new position in shares of Cameco Corporation (NYSE:CCJ – Free Report) (TSE:CCO) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 26,119 shares of the basic materials company’s stock, valued at approximately $2,270,000.

A number of other institutional investors have also made changes to their positions in the business. Sterling Capital Management LLC bought a new stake in Cameco in the 1st quarter valued at $30,000. Brown Lisle Cummings Inc. lifted its holdings in Cameco by 3,200.0% during the 1st quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 288 shares during the last quarter. Western Wealth Management LLC bought a new position in Cameco during the first quarter worth $39,000. CX Institutional boosted its position in Cameco by 2,181.2% during the third quarter. CX Institutional now owns 365 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 349 shares during the period. Finally, Copos Capital S.a r.l. bought a new position in Cameco during the fourth quarter worth $35,000. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Stock Performance

CCJ traded up $0.08 during trading on Tuesday, hitting $86.20. The stock had a trading volume of 2,424,623 shares, compared to its average volume of 3,513,606. The company has a 50 day moving average price of $95.03 and a 200-day moving average price of $102.10. The firm has a market cap of $37.54 billion, a price-to-earnings ratio of 146.11, a P/E/G ratio of 1.79 and a beta of 1.17. Cameco Corporation has a one year low of $77.70 and a one year high of $135.24. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.06 and a quick ratio of 2.10.

Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) last issued its quarterly earnings data 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). The firm had revenue of $573.06 million during the quarter, compared to analyst estimates of $579.60 million. Cameco had a net margin of 10.20% and a return on equity of 7.59%. The business’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 earnings per share. As a group, research analysts predict that Cameco Corporation will post 1.07 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Zacks Research downgraded shares of Cameco from a “hold” rating to a “strong sell” rating in a report on Monday, October 5th. Citigroup restated a “positive” rating on shares of Cameco in a research note on Wednesday, July 15th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $135.00 target price on shares of Cameco in a report on Monday, June 15th. Bank of America reduced their target price on shares of Cameco from $143.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Finally, Weiss Ratings upgraded shares of Cameco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday. Twelve analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $148.68.

Read Our Latest Stock Report on Cameco

Cameco Profile

(Free Report)

Cameco Corporation is a Canadian uranium company headquartered in Saskatoon, Saskatchewan. It is one of the world’s major suppliers of uranium, producing uranium concentrates used to generate nuclear power. The company’s operations span uranium exploration, mining, milling, refining, conversion and fuel manufacturing.

Cameco operates or has interests in uranium assets in Canada, the United States and Kazakhstan. Its Canadian portfolio includes the McArthur River and Cigar Lake mines and the Key Lake and McClean Lake milling operations in northern Saskatchewan.

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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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