Legal & General Group Plc Has $208.45 Million Stake in Cameco Corporation $CCJ

Legal & General Group Plc grew its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 4.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,483,216 shares of the basic materials company’s stock after acquiring an additional 108,841 shares during the period. Legal & General Group Plc’s holdings in Cameco were worth $208,450,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CCJ. International Assets Investment Management LLC grew its position in Cameco by 3.1% during the 3rd quarter. International Assets Investment Management LLC now owns 3,938 shares of the basic materials company’s stock worth $330,000 after acquiring an additional 120 shares during the last quarter. Lee Johnson Capital Management LLC raised its position in Cameco by 1.2% in the 3rd quarter. Lee Johnson Capital Management LLC now owns 10,770 shares of the basic materials company’s stock valued at $903,000 after purchasing an additional 127 shares during the last quarter. Wealth Alliance LLC boosted its stake in Cameco by 1.6% in the second quarter. Wealth Alliance LLC now owns 10,036 shares of the basic materials company’s stock worth $745,000 after purchasing an additional 154 shares in the last quarter. Versant Capital Management Inc boosted its stake in Cameco by 11.2% in the third quarter. Versant Capital Management Inc now owns 1,590 shares of the basic materials company’s stock worth $133,000 after purchasing an additional 160 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of Cameco by 4.4% during the third quarter. Oppenheimer Asset Management Inc. now owns 3,758 shares of the basic materials company’s stock worth $315,000 after purchasing an additional 160 shares during the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Trading Down 0.1%

Shares of CCJ opened at $115.25 on Friday. The stock’s fifty day simple moving average is $116.36 and its 200-day simple moving average is $97.40. The firm has a market capitalization of $50.20 billion, a PE ratio of 118.82 and a beta of 0.98. Cameco Corporation has a 12-month low of $35.00 and a 12-month high of $135.24. The company has a quick ratio of 1.68, a current ratio of 2.47 and a debt-to-equity ratio of 0.14.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Friday, February 13th. The basic materials company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07. The firm had revenue of $874.57 million during the quarter, compared to analyst estimates of $782.13 million. Cameco had a return on equity of 9.35% and a net margin of 17.00%.The company’s revenue was up 1.5% on a year-over-year basis. During the same period last year, the company earned $0.36 earnings per share. As a group, research analysts predict that Cameco Corporation will post 1.27 earnings per share for the current year.

Analysts Set New Price Targets

CCJ has been the subject of a number of research reports. The Goldman Sachs Group restated a “buy” rating and issued a $131.00 target price on shares of Cameco in a research note on Wednesday, February 4th. Glj Research reissued a “buy” rating and set a $171.20 price objective (up from $100.00) on shares of Cameco in a report on Wednesday, February 18th. Royal Bank Of Canada raised their price objective on shares of Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. Canadian Imperial Bank of Commerce boosted their target price on shares of Cameco to $202.00 in a research note on Monday. Finally, Zacks Research lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Thirteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock 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.