Cameco Corporation $CCJ Shares Purchased by Korea Investment CORP

Korea Investment CORP increased its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,141,868 shares of the basic materials company’s stock after buying an additional 15,532 shares during the quarter. Korea Investment CORP owned about 0.26% of Cameco worth $104,694,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CCJ. Vanguard Group Inc. increased its stake in shares of Cameco by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 18,059,335 shares of the basic materials company’s stock worth $1,653,639,000 after acquiring an additional 258,193 shares during the last quarter. Capital World Investors boosted its position in shares of Cameco by 0.3% during the 4th quarter. Capital World Investors now owns 13,545,354 shares of the basic materials company’s stock valued at $1,240,047,000 after acquiring an additional 41,430 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of 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 purchasing an additional 85,762 shares during the period. Van ECK Associates Corp increased its position in Cameco by 43.3% during the third quarter. Van ECK Associates Corp now owns 5,443,807 shares of the basic materials company’s stock worth $456,530,000 after purchasing an additional 1,644,061 shares during the last quarter. Finally, Norges Bank acquired a new stake in Cameco during the fourth quarter worth about $443,265,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Trading Up 2.0%

Shares of CCJ stock opened at $100.94 on Friday. Cameco Corporation has a 1-year low of $64.84 and a 1-year high of $135.24. The firm has a market cap of $43.96 billion, a PE ratio of 93.47, a price-to-earnings-growth ratio of 1.68 and a beta of 0.99. The company has a 50-day moving average of $113.12 and a two-hundred day moving average of $109.09. 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 released its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The business had revenue of $607.49 million for the quarter, compared to the consensus estimate of $598.63 million. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The business’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.16 EPS. On average, analysts predict that Cameco Corporation will post 1.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CCJ. Zacks Research lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Weiss Ratings lowered shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. TD Securities cut Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Royal Bank Of Canada increased their price objective on Cameco from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. Finally, Scotiabank reissued an “outperform” rating and set a $175.00 target price on shares of Cameco in a research note on Wednesday, May 6th. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Cameco presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.62.

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.