42,424 Shares in Cameco Corporation $CCJ Bought by Mountaineer Partners Management LLC

Mountaineer Partners Management LLC purchased a new position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 42,424 shares of the basic materials company’s stock, valued at approximately $3,881,000. Cameco makes up approximately 2.2% of Mountaineer Partners Management LLC’s portfolio, making the stock its 17th biggest position.

Several other institutional investors have also bought and sold shares of CCJ. Nisa Investment Advisors LLC bought a new stake in Cameco during the fourth quarter worth $25,000. Founders Capital Management bought a new stake in Cameco during the fourth quarter worth $27,000. Strategic Advocates LLC bought a new stake in Cameco during the third quarter worth $28,000. Caitong International Asset Management Co. Ltd grew its holdings in Cameco by 30,700.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock worth $28,000 after buying an additional 307 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its holdings in Cameco by 928.6% during the third quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock worth $30,000 after buying an additional 325 shares in the last quarter. Institutional investors own 70.21% of the company’s stock.

Analysts Set New Price Targets

CCJ has been the subject of several recent research reports. William Blair initiated coverage on Cameco in a report on Monday, April 20th. They set an “outperform” rating for the company. Royal Bank Of Canada upped their price target on Cameco from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Barclays began coverage on Cameco in a report on Thursday, May 21st. They set an “equal weight” rating and a $108.00 price target for the company. Canadian Imperial Bank of Commerce upped their price objective on Cameco to $202.00 in a research note on Monday, March 9th. Finally, Glj Research restated a “buy” rating and issued a $171.20 price objective (up from $100.00) on shares of Cameco in a research note on Wednesday, February 18th. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Cameco presently has a consensus rating of “Moderate Buy” and an average target price of $148.62.

Cameco Stock Down 0.0%

Shares of NYSE:CCJ opened at $100.94 on Monday. The company has a market capitalization of $43.96 billion, a PE ratio of 93.47, a price-to-earnings-growth ratio of 1.71 and a beta of 0.99. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.08 and a quick ratio of 2.09. The business has a fifty day moving average price of $113.12 and a two-hundred day moving average price of $109.27. Cameco Corporation has a 1 year low of $64.84 and a 1 year high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data 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 firm had revenue of $607.49 million during the quarter, compared to the consensus estimate of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.16 EPS. Analysts forecast that Cameco Corporation will post 1.31 earnings per share for the current year.

About Cameco

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.