Cameco Co. (NYSE:CCJ) Stock Position Lifted by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,846,044 shares of the basic materials company's stock after purchasing an additional 190,337 shares during the period. Cameco accounts for approximately 1.8% of MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s portfolio, making the stock its 6th largest holding. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 3.87% of Cameco worth $865,729,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Roberts Wealth Advisors LLC purchased a new stake in Cameco during the fourth quarter valued at about $895,000. Whalen Wealth Management Inc. bought a new stake in Cameco during the 4th quarter valued at approximately $445,000. Sprott Inc. boosted its position in Cameco by 44.5% during the 4th quarter. Sprott Inc. now owns 111,896 shares of the basic materials company's stock valued at $5,750,000 after acquiring an additional 34,483 shares in the last quarter. Aigen Investment Management LP bought a new stake in Cameco during the 4th quarter valued at approximately $930,000. Finally, Principal Financial Group Inc. boosted its position in shares of Cameco by 1,138.1% in the 3rd quarter. Principal Financial Group Inc. now owns 267,431 shares of the basic materials company's stock worth $12,774,000 after purchasing an additional 245,831 shares in the last quarter. 70.21% of the stock is owned by institutional investors.

Cameco Stock Up 3.1%

Shares of NYSE:CCJ opened at $50.76 on Monday. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The company has a market cap of $22.10 billion, a price-to-earnings ratio of 181.29 and a beta of 0.89. Cameco Co. has a 12 month low of $35.00 and a 12 month high of $62.55. The company has a 50-day moving average price of $42.74 and a 200 day moving average price of $48.90.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.07). Cameco had a return on equity of 4.34% and a net margin of 5.39%. The firm had revenue of $549.58 million during the quarter, compared to the consensus estimate of $890.07 million. During the same period in the previous year, the business earned $0.13 EPS. The firm's revenue for the quarter was up 24.4% on a year-over-year basis. As a group, equities research analysts predict that Cameco Co. will post 1.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CCJ. Stifel Canada raised Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Stifel Nicolaus initiated coverage on shares of Cameco in a research note on Wednesday, March 12th. They set a "buy" rating for the company. Glj Research boosted their target price on shares of Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a research note on Wednesday, March 12th. Sanford C. Bernstein initiated coverage on shares of Cameco in a research note on Tuesday, April 1st. They set an "outperform" rating and a $52.00 target price for the company. Finally, Desjardins initiated coverage on shares of Cameco in a research note on Friday, April 4th. They set a "buy" rating for the company. One equities research analyst has rated the stock with a sell rating, nine have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $70.03.

Cameco Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.

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