Capital World Investors Purchases 41,430 Shares of Cameco Corporation $CCJ

Capital World Investors raised its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,545,354 shares of the basic materials company’s stock after acquiring an additional 41,430 shares during the quarter. Capital World Investors’ holdings in Cameco were worth $1,240,047,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Cameco by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 18,059,335 shares of the basic materials company’s stock valued at $1,653,639,000 after acquiring an additional 258,193 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Cameco by 0.7% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,973,799 shares of the basic materials company’s stock valued at $1,089,080,000 after acquiring an additional 85,762 shares during the last quarter. Van ECK Associates Corp boosted its stake in Cameco by 43.3% in the third quarter. Van ECK Associates Corp now owns 5,443,807 shares of the basic materials company’s stock valued at $456,530,000 after acquiring an additional 1,644,061 shares during the last quarter. Norges Bank purchased a new position in Cameco in the fourth quarter valued at about $443,265,000. Finally, TD Asset Management Inc boosted its stake in Cameco by 116.7% in the third quarter. TD Asset Management Inc now owns 4,622,932 shares of the basic materials company’s stock valued at $388,068,000 after acquiring an additional 2,489,207 shares during the last quarter. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Price Performance

Shares of NYSE:CCJ opened at $103.52 on Monday. The company’s fifty day moving average price is $113.70 and its 200-day moving average price is $108.65. The firm has a market capitalization of $45.09 billion, a price-to-earnings ratio of 95.85, a PEG ratio of 1.75 and a beta of 0.99. Cameco Corporation has a one year low of $59.25 and a one year high of $135.24. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.08 and a quick ratio of 2.09.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The firm had revenue of $607.49 million for the quarter, compared to analyst estimates of $598.63 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities research analysts anticipate that Cameco Corporation will post 1.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

CCJ has been the topic of a number of recent research reports. Weiss Ratings cut shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. Canadian Imperial Bank of Commerce upped their price target on shares of Cameco to $202.00 in a research note on Monday, March 9th. Glj Research restated a “buy” rating and set a $171.20 price target (up from $100.00) on shares of Cameco in a research note on Wednesday, February 18th. Royal Bank Of Canada upped their price target on shares of Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Finally, Barclays initiated coverage on shares of Cameco in a research note on Thursday, May 21st. They set an “equal weight” rating and a $108.00 price target on the stock. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $148.62.

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.