Hardman Johnston Global Advisors LLC Has $7.76 Million Holdings in Cameco Corporation $CCJ

Key Points

• Hardman Johnston raised its stake in Cameco by 326.7% in Q4 to 84,790 shares worth about $7.76 million.
• Cameco beat Q4 estimates, reporting $0.36 EPS versus the $0.29 consensus and revenue of $874.6 million (versus $782.1M estimates), with revenue up 1.5% year‑over‑year.
• About 70.21% of Cameco is held by institutions, and analysts have a consensus rating of Moderate Buy with an average target of $150.40.

Hardman Johnston Global Advisors LLC boosted its holdings in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 326.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 84,790 shares of the basic materials company's stock after acquiring an additional 64,920 shares during the quarter. Hardman Johnston Global Advisors LLC's holdings in Cameco were worth $7,757,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Abbington Investment Group acquired a new stake in Cameco during the 3rd quarter worth about $6,506,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Cameco by 79.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 249,992 shares of the basic materials company's stock valued at $20,964,000 after buying an additional 110,629 shares during the last quarter. NWF Advisory Services Inc. acquired a new stake in shares of Cameco during the 3rd quarter valued at about $1,996,000. Thames Capital Management LLC lifted its holdings in shares of Cameco by 66.8% during the 3rd quarter. Thames Capital Management LLC now owns 107,062 shares of the basic materials company's stock valued at $8,978,000 after buying an additional 42,879 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Cameco by 7.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,755,802 shares of the basic materials company's stock valued at $231,102,000 after buying an additional 202,279 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Up 0.1%

CCJ opened at $116.15 on Monday. The business has a 50 day moving average price of $113.96 and a 200 day moving average price of $102.04. Cameco Corporation has a twelve month low of $38.59 and a twelve month high of $135.24. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.68 and a current ratio of 2.47. The firm has a market cap of $50.59 billion, a P/E ratio of 119.74 and a beta of 1.02.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its 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. Cameco had a return on equity of 9.35% and a net margin of 17.00%.The firm had revenue of $874.57 million during the quarter, compared to analyst estimates of $782.13 million. During the same period in the previous year, the company earned $0.36 EPS. The company's revenue for the quarter was up 1.5% on a year-over-year basis. Research analysts forecast that Cameco Corporation will post 1.27 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CCJ. TD Securities lowered Cameco from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 26th. Weiss Ratings upgraded Cameco from a "hold (c)" rating to a "buy (b-)" rating in a report on Monday, February 23rd. Sanford C. Bernstein reiterated an "outperform" rating and set a $147.00 price target on shares of Cameco in a report on Thursday, February 5th. Zacks Research lowered Cameco from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 18th. Finally, Glj Research reiterated a "buy" rating and set a $171.20 price target (up from $100.00) on shares of Cameco in a report on Wednesday, February 18th. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $150.40.

Cameco Profile

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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