SWP Investment Management LLC Buys 7,245 Shares of Cameco Corporation $CCJ

SWP Investment Management LLC lifted its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 56.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 20,000 shares of the basic materials company’s stock after purchasing an additional 7,245 shares during the quarter. SWP Investment Management LLC’s holdings in Cameco were worth $2,037,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CCJ. Nisa Investment Advisors LLC acquired a new position in Cameco in the 4th quarter worth about $25,000. Mcguire Capital Advisors Inc. bought a new position in Cameco in the fourth quarter valued at about $28,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of 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 valued at $28,000 after purchasing an additional 307 shares in the last quarter. Sterling Capital Management LLC bought a new stake in shares of Cameco during the first quarter worth about $30,000. Finally, Sunbelt Securities Inc. grew its holdings in shares of 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 purchasing an additional 325 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CCJ has been the subject of a number of research reports. William Blair started coverage on shares of Cameco in a report on Monday, April 20th. They issued an “outperform” rating for the company. Royal Bank Of Canada raised their price target on shares of Cameco from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Sanford C. Bernstein reissued an “outperform” rating and issued a $135.00 price objective on shares of Cameco in a research note on Monday, June 15th. Citigroup reaffirmed a “positive” rating on shares of Cameco in a research report on Wednesday, July 15th. Finally, Barclays cut their target price on Cameco from $108.00 to $104.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $146.18.

Cameco Stock Performance

CCJ stock opened at $89.85 on Tuesday. The firm has a market cap of $39.13 billion, a PE ratio of 152.29, a price-to-earnings-growth ratio of 1.36 and a beta of 1.05. 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 stock has a 50-day moving average price of $99.15 and a 200-day moving average price of $109.78. Cameco Corporation has a 1-year low of $68.96 and a 1-year high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Friday, July 31st. The basic materials company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.13). Cameco had a net margin of 10.20% and a return on equity of 7.64%. The business had revenue of $573.06 million for the quarter, compared to the consensus estimate of $579.60 million. During the same quarter in the previous year, the company earned $0.71 EPS. The firm’s revenue for the quarter was down 6.8% on a year-over-year basis. As a group, equities research analysts expect that Cameco Corporation will post 1.34 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.