Vanguard Group Inc. Has $1.65 Billion Stock Holdings in Cameco Corporation $CCJ

Key Points

• Vanguard Group raised its stake by 1.5% to 18,059,335 shares, owning 4.15% of Cameco worth about $1.65 billion at the end of the quarter.
• Cameco beat Q4 estimates with EPS of $0.36 (vs. $0.29 expected) and revenue of $874.6M (vs. $782.1M), and its shares jumped roughly 7.7% on the results.
• Analysts are broadly positive—12 Buys vs. 3 Holds—with a consensus rating of Moderate Buy and an average price target of $150.40.

Vanguard Group Inc. lifted its position in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,059,335 shares of the basic materials company's stock after purchasing an additional 258,193 shares during the period. Vanguard Group Inc. owned 4.15% of Cameco worth $1,653,639,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Abbington Investment Group bought a new stake in shares of Cameco during the third quarter valued at approximately $6,506,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Cameco by 79.4% during the third 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 acquiring an additional 110,629 shares in the last quarter. NWF Advisory Services Inc. bought a new stake in shares of Cameco during the third quarter valued at approximately $1,996,000. Thames Capital Management LLC increased its position in shares of Cameco by 66.8% during the third quarter. Thames Capital Management LLC now owns 107,062 shares of the basic materials company's stock valued at $8,978,000 after acquiring an additional 42,879 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Cameco by 7.9% during the third 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 acquiring an additional 202,279 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Trading Up 7.7%

Shares of CCJ stock opened at $123.08 on Friday. Cameco Corporation has a 12-month low of $44.52 and a 12-month high of $135.24. 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 firm's 50 day moving average is $114.95 and its 200 day moving average is $105.19. The stock has a market capitalization of $53.61 billion, a P/E ratio of 126.89, a P/E/G ratio of 2.11 and a beta of 1.02.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its earnings results on Friday, February 13th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.07. Cameco had a net margin of 17.00% and a return on equity of 9.35%. The company had revenue of $874.57 million for the quarter, compared to analysts' expectations of $782.13 million. During the same quarter last year, the company posted $0.36 earnings per share. The firm's quarterly revenue was up 1.5% on a year-over-year basis. Research analysts expect that Cameco Corporation will post 1.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CCJ has been the subject of several analyst reports. Zacks Research downgraded shares of Cameco from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 18th. Glj Research reissued a "buy" rating and set a $171.20 price target (up from $100.00) on shares of Cameco in a research report on Wednesday, February 18th. The Goldman Sachs Group restated a "buy" rating and issued a $131.00 target price on shares of Cameco in a report on Wednesday, February 4th. Raymond James Financial restated an "outperform" rating on shares of Cameco in a report on Wednesday, January 14th. Finally, Canadian Imperial Bank of Commerce raised their target price on shares of Cameco to $202.00 in a report on Monday, March 9th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price 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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