Caledonia Private Investments Pty Ltd purchased a new position in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,889,643 shares of the basic materials company's stock, valued at approximately $294,339,000. Cameco makes up approximately 10.0% of Caledonia Private Investments Pty Ltd's holdings, making the stock its 4th biggest holding. Caledonia Private Investments Pty Ltd owned approximately 0.66% of Cameco as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also made changes to their positions in the company. Clearstead Advisors LLC raised its stake in shares of Cameco by 0.8% in the 4th quarter. Clearstead Advisors LLC now owns 10,158 shares of the basic materials company's stock valued at $929,000 after purchasing an additional 85 shares in the last quarter. HB Wealth Management LLC grew its position in shares of Cameco by 3.1% in the 1st quarter. HB Wealth Management LLC now owns 3,560 shares of the basic materials company's stock worth $387,000 after acquiring an additional 107 shares in the last quarter. Groupama Asset Managment increased its holdings in shares of Cameco by 5.9% in the 4th quarter. Groupama Asset Managment now owns 1,928 shares of the basic materials company's stock valued at $176,000 after acquiring an additional 108 shares during the last quarter. S.A. Mason LLC increased its holdings in shares of Cameco by 4.8% in the 4th quarter. S.A. Mason LLC now owns 2,436 shares of the basic materials company's stock valued at $223,000 after acquiring an additional 111 shares during the last quarter. Finally, Kingsview Wealth Management LLC raised its position in shares of Cameco by 3.4% during the 4th quarter. Kingsview Wealth Management LLC now owns 3,435 shares of the basic materials company's stock valued at $314,000 after acquiring an additional 114 shares in the last quarter. Institutional investors own 70.21% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on CCJ. Wall Street Zen lowered shares of Cameco from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Truist Financial increased their price objective on shares of Cameco from $129.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, August 12th. Bank of America cut their target price on shares of Cameco from $143.00 to $140.00 and set a "buy" rating on the stock in a report on Thursday, July 9th. Barclays decreased their target price on Cameco from $104.00 to $97.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 4th. Finally, 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. Fourteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $145.68.
View Our Latest Analysis on CCJ
Cameco Price Performance
Shares of NYSE:CCJ opened at $102.26 on Tuesday. Cameco Corporation has a 52 week low of $73.20 and a 52 week high of $135.24. The firm has a market capitalization of $44.54 billion, a P/E ratio of 173.32, a PEG ratio of 1.75 and a beta of 1.05. The firm's 50 day moving average is $96.12 and its two-hundred day moving average is $107.24. The company has a current ratio of 3.06, a quick ratio of 2.10 and a debt-to-equity ratio of 0.14.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its earnings results on Friday, July 31st. The basic materials company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.13). Cameco had a net margin of 10.20% and a return on equity of 7.59%. The business had revenue of $573.06 million during the quarter, compared to analyst estimates of $579.60 million. During the same quarter in the prior year, the business earned $0.71 earnings per share. The firm's revenue was down 6.8% compared to the same quarter last year. Analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current year.
Cameco 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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