Main Street Research LLC Acquires 17,476 Shares of Cameco Corporation $CCJ

Main Street Research LLC lifted its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 4.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 381,868 shares of the basic materials company’s stock after buying an additional 17,476 shares during the quarter. Cameco comprises 2.0% of Main Street Research LLC’s portfolio, making the stock its 25th biggest holding. Main Street Research LLC owned about 0.09% of Cameco worth $34,937,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Morningstar Investment Management LLC bought a new position in shares of Cameco in the fourth quarter valued at about $296,000. First National Trust Co bought a new position in shares of Cameco in the fourth quarter valued at about $544,000. Prospera Financial Services Inc raised its holdings in shares of Cameco by 1.6% in the fourth quarter. Prospera Financial Services Inc now owns 40,109 shares of the basic materials company’s stock valued at $3,670,000 after buying an additional 641 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Cameco by 30.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 908 shares of the basic materials company’s stock valued at $83,000 after buying an additional 210 shares during the last quarter. Finally, Resolute Wealth Strategies LLC bought a new position in shares of Cameco in the fourth quarter valued at about $208,000. 70.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $147.00 price target on shares of Cameco in a report on Thursday, February 5th. Zacks Research cut Cameco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. TD Securities cut Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Royal Bank Of Canada boosted their price objective on Cameco from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on Cameco to $202.00 in a report on Monday, March 9th. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $148.62.

Cameco Stock Performance

Shares of NYSE:CCJ opened at $104.71 on Monday. The stock has a market capitalization of $45.61 billion, a P/E ratio of 96.96, a P/E/G ratio of 1.77 and a beta of 1.04. Cameco Corporation has a 1-year low of $55.11 and a 1-year high of $135.24. The company has a current ratio of 3.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average price of $113.20 and a two-hundred day moving average price of $107.23.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.05. The company had revenue of $607.49 million during the quarter, compared to analyst estimates of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.16 EPS. Equities analysts predict that Cameco Corporation will post 1.32 earnings per share for the current year.

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.