De Lisle Partners LLP Buys Shares of 570,883 Cameco Corporation $CCJ

Key Points

• De Lisle Partners LLP acquired 570,883 Cameco shares worth approximately $58.1 million, making CCJ its second-largest portfolio holding at 6.3% and representing about 0.13% of the company.
• Cameco reported quarterly EPS of $0.13, below the $0.26 analyst consensus, while revenue declined 6.8% year over year to $573.1 million. The stock opened at $102.55, with a 52-week range of $72.75 to $135.24.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $145.68, despite several firms recently lowering targets or downgrading the stock.

De Lisle Partners LLP bought a new position in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 570,883 shares of the basic materials company's stock, valued at approximately $58,147,000. Cameco makes up about 6.3% of De Lisle Partners LLP's portfolio, making the stock its 2nd largest holding. De Lisle Partners LLP owned 0.13% of Cameco as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Sterling Capital Management LLC acquired a new stake in shares of Cameco in the 1st quarter valued at $30,000. Brown Lisle Cummings Inc. boosted its holdings in Cameco by 3,200.0% in the first quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company's stock worth $32,000 after purchasing an additional 288 shares in the last quarter. Mcguire Capital Advisors Inc. acquired a new position in Cameco during the fourth quarter worth $28,000. Caitong International Asset Management Co. Ltd increased its position in Cameco by 30,700.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company's stock worth $28,000 after buying an additional 307 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its position in Cameco by 928.6% during the third quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company's stock worth $30,000 after buying an additional 325 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company's stock.

Cameco Stock Performance

NYSE:CCJ opened at $102.55 on Friday. The firm has a market capitalization of $44.66 billion, a PE ratio of 173.81, a PEG ratio of 1.75 and a beta of 1.05. Cameco Corporation has a 1 year low of $72.75 and a 1 year high of $135.24. The company has a current ratio of 3.06, a quick ratio of 2.10 and a debt-to-equity ratio of 0.14. The firm's fifty day simple moving average is $96.21 and its 200 day simple moving average is $107.49.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its earnings results on Friday, July 31st. The basic materials company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.13). Cameco had a return on equity of 7.59% and a net margin of 10.20%.The firm 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 firm earned $0.71 EPS. The firm's revenue was down 6.8% on a year-over-year basis. On average, sell-side analysts anticipate that Cameco Corporation will post 1.27 EPS for the current year.

Analysts Set New Price Targets

CCJ has been the subject of a number of analyst reports. Wall Street Zen cut Cameco from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Bank of America lowered their price objective on Cameco from $143.00 to $140.00 and set a "buy" rating on the stock in a report on Thursday, July 9th. Royal Bank Of Canada raised their price objective on Cameco from $160.00 to $175.00 and gave the company an "outperform" rating in a research note on Monday, June 29th. Barclays reduced their target price on Cameco from $104.00 to $97.00 and set an "equal weight" rating for the company in a report on Tuesday, August 4th. Finally, Weiss Ratings cut Cameco from a "hold (c)" rating to a "hold (c-)" rating in a research report on Wednesday, August 12th. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $145.68.

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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