Cameco Corporation $CCJ is Gunderson Capital Management LLC’s 3rd Largest Position

Gunderson Capital Management LLC lifted its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 49.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 95,660 shares of the basic materials company’s stock after purchasing an additional 31,677 shares during the quarter. Cameco accounts for about 4.3% of Gunderson Capital Management LLC’s investment portfolio, making the stock its 3rd largest holding. Gunderson Capital Management LLC’s holdings in Cameco were worth $10,390,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Bison Wealth LLC increased its position in shares of Cameco by 16.1% in the fourth quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company’s stock worth $1,102,000 after acquiring an additional 2,975 shares in the last quarter. AQR Capital Management LLC boosted its stake in Cameco by 16.6% in the 1st quarter. AQR Capital Management LLC now owns 9,547 shares of the basic materials company’s stock worth $393,000 after purchasing an additional 1,361 shares during the period. Integrated Wealth Concepts LLC boosted its stake in Cameco by 48.7% in the 1st quarter. Integrated Wealth Concepts LLC now owns 8,485 shares of the basic materials company’s stock worth $349,000 after purchasing an additional 2,780 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Cameco by 11.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 604,841 shares of the basic materials company’s stock worth $24,895,000 after purchasing an additional 64,512 shares in the last quarter. Finally, NewGen Equity Long Short Fund purchased a new position in Cameco during the 2nd quarter worth approximately $14,252,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CCJ shares. Barclays assumed coverage on Cameco in a report on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 target price for the company. William Blair began coverage on Cameco in a research report on Monday, April 20th. They set an “outperform” rating on the stock. TD Securities downgraded Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Sanford C. Bernstein restated an “outperform” rating and set a $135.00 price objective on shares of Cameco in a research report on Monday, June 15th. Finally, Canadian Imperial Bank of Commerce raised their price objective on Cameco to $202.00 in a research report on Monday, March 9th. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $147.42.

Cameco Trading Up 0.9%

Cameco stock opened at $104.54 on Friday. Cameco Corporation has a 12 month low of $68.96 and a 12 month high of $135.24. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14. The stock has a market cap of $45.53 billion, a P/E ratio of 96.80, a P/E/G ratio of 1.91 and a beta of 0.99. The company’s fifty day simple moving average is $111.50 and its 200-day simple moving average is $110.32.

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, topping the consensus estimate of $0.29 by $0.05. The business 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%.Cameco’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $0.16 earnings per share. As a group, sell-side analysts forecast that Cameco Corporation will post 1.21 EPS for the current fiscal year.

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.