Cameco Corporation $CCJ Shares Bought by Rathbones Group PLC

Key Points

• Rathbones Group PLC raised its stake in Cameco by 8.7% during Q3 to 520,202 shares, representing about $43.66 million.
• Cameco beat quarterly estimates, reporting $0.36 EPS versus $0.29 expected and $874.6M in revenue versus $782.1M, though the stock was trading down 3.9% at $109.77 and the company has a $47.81 billion market cap.
• Institutional investors own 70.21% of the company and analysts hold a consensus rating of “Moderate Buy” with an average target price of $143.03.

Rathbones Group PLC raised its holdings in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 8.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 520,202 shares of the basic materials company's stock after purchasing an additional 41,662 shares during the quarter. Rathbones Group PLC owned 0.12% of Cameco worth $43,662,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Bison Wealth LLC increased its position in shares of Cameco by 16.1% during the 4th quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company's stock worth $1,102,000 after purchasing an additional 2,975 shares during the last quarter. AQR Capital Management LLC lifted its position in Cameco by 16.6% in the first quarter. AQR Capital Management LLC now owns 9,547 shares of the basic materials company's stock valued at $393,000 after buying an additional 1,361 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in Cameco by 48.7% in the first quarter. Integrated Wealth Concepts LLC now owns 8,485 shares of the basic materials company's stock valued at $349,000 after buying an additional 2,780 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Cameco by 11.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 604,841 shares of the basic materials company's stock worth $24,895,000 after buying an additional 64,512 shares during the period. Finally, Atlantic Union Bankshares Corp purchased a new position in Cameco during the second quarter worth about $74,000. Institutional investors and hedge funds own 70.21% of the company's stock.

Cameco Trading Down 3.9%

NYSE:CCJ opened at $109.77 on Friday. Cameco Corporation has a 12-month low of $35.00 and a 12-month high of $135.24. The firm has a market cap of $47.81 billion, a PE ratio of 113.16 and a beta of 0.98. The company has a current ratio of 2.47, a quick ratio of 1.68 and a debt-to-equity ratio of 0.14. The stock has a fifty day moving average price of $114.36 and a 200 day moving average price of $96.33.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings results on Friday, February 13th. The basic materials company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.07. The company had revenue of $874.57 million for the quarter, compared to the consensus estimate of $782.13 million. Cameco had a return on equity of 9.35% and a net margin of 17.00%.Cameco's revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.36 EPS. Sell-side analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Sanford C. Bernstein reissued an "outperform" rating and issued a $147.00 price target on shares of Cameco in a research note on Thursday, February 5th. Weiss Ratings raised shares of Cameco from a "hold (c)" rating to a "buy (b-)" rating in a research report on Monday, February 23rd. The Goldman Sachs Group reiterated a "buy" rating and issued a $131.00 target price on shares of Cameco in a report on Wednesday, February 4th. Wall Street Zen lowered Cameco from a "buy" rating to a "hold" rating in a research report on Saturday, November 8th. Finally, Raymond James Financial restated an "outperform" rating on shares of Cameco in a research note on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Cameco has a consensus rating of "Moderate Buy" and an average target price of $143.03.

About Cameco

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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