Montrusco Bolton Investments Inc. Acquires New Stake in Cameco Corporation $CCJ

Key Points

• Montrusco Bolton Investments Inc. acquired a new stake of 96,167 shares in Cameco during Q4, valued at about $8.82 million.
• Cameco beat quarterly expectations, reporting EPS of $0.36 versus $0.29 and revenue of $874.6 million (consensus $782.1M), with revenue up 1.5% year‑over‑year.
• Analysts hold a consensus Moderate Buy with an average price target of $150.40; institutional investors own 70.21% of the stock, which trades near $122.26 with a PE of 126.05 and a 52‑week range of $43.21–$135.24.

Montrusco Bolton Investments Inc. acquired a new stake in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 96,167 shares of the basic materials company's stock, valued at approximately $8,817,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Abbington Investment Group bought a new position in Cameco during the 3rd quarter valued at approximately $6,506,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in 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 purchasing an additional 110,629 shares during the last quarter. NWF Advisory Services Inc. purchased a new stake in Cameco during the 3rd quarter valued at $1,996,000. Thames Capital Management LLC boosted its stake in 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 purchasing an additional 42,879 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in 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 purchasing an additional 202,279 shares during the last quarter. Institutional investors own 70.21% of the company's stock.

Cameco Price Performance

NYSE CCJ opened at $122.26 on Friday. The company has a market capitalization of $53.25 billion, a PE ratio of 126.05 and a beta of 1.02. 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 business's fifty day moving average is $114.65 and its 200 day moving average is $104.29. Cameco Corporation has a fifty-two week low of $43.21 and a fifty-two week high of $135.24.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings data on Friday, February 13th. The basic materials company reported $0.36 EPS for the quarter, beating 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 business had revenue of $874.57 million for the quarter, compared to the consensus estimate of $782.13 million. During the same period in the previous year, the business earned $0.36 earnings per share. The business's revenue was up 1.5% on a year-over-year basis. Sell-side analysts predict that Cameco Corporation will post 1.48 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on the company. TD Securities downgraded Cameco from a "strong-buy" rating to a "hold" rating in a research note on Thursday, March 26th. William Blair assumed coverage on Cameco in a research note on Monday. They set an "outperform" rating on the stock. Canadian Imperial Bank of Commerce increased their target price on Cameco to $202.00 in a research note on Monday, March 9th. Zacks Research downgraded Cameco from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 18th. Finally, Glj Research reiterated a "buy" rating and set a $171.20 target price (up from $100.00) on shares of Cameco in a research note on Wednesday, February 18th. Twelve 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, Cameco presently has a consensus rating of "Moderate Buy" and an average price target of $150.40.

Cameco Company 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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