Cameco Corporation $CCJ Shares Bought by Towarzystwo Funduszy Inwestycyjnych PZU SA

Towarzystwo Funduszy Inwestycyjnych PZU SA grew its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 110.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,989 shares of the basic materials company’s stock after purchasing an additional 36,739 shares during the quarter. Cameco makes up approximately 1.4% of Towarzystwo Funduszy Inwestycyjnych PZU SA’s portfolio, making the stock its 15th largest holding. Towarzystwo Funduszy Inwestycyjnych PZU SA’s holdings in Cameco were worth $5,877,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. International Assets Investment Management LLC raised its position in shares of Cameco by 3.1% during the 3rd quarter. International Assets Investment Management LLC now owns 3,938 shares of the basic materials company’s stock worth $330,000 after purchasing an additional 120 shares during the last quarter. Lee Johnson Capital Management LLC grew its holdings in Cameco by 1.2% during the 3rd quarter. Lee Johnson Capital Management LLC now owns 10,770 shares of the basic materials company’s stock valued at $903,000 after buying an additional 127 shares during the last quarter. Versant Capital Management Inc grew its holdings in Cameco by 11.2% during the 3rd quarter. Versant Capital Management Inc now owns 1,590 shares of the basic materials company’s stock valued at $133,000 after buying an additional 160 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in Cameco by 4.4% during the third quarter. Oppenheimer Asset Management Inc. now owns 3,758 shares of the basic materials company’s stock worth $315,000 after buying an additional 160 shares in the last quarter. Finally, Huntington National Bank increased its position in Cameco by 1.5% during the third quarter. Huntington National Bank now owns 11,110 shares of the basic materials company’s stock worth $932,000 after buying an additional 164 shares in the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Price Performance

CCJ stock opened at $107.92 on Friday. Cameco Corporation has a 52-week low of $35.00 and a 52-week high of $135.24. The stock’s fifty day simple moving average is $116.55 and its 200-day simple moving average is $97.63. The company has a quick ratio of 1.68, a current ratio of 2.47 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $47.00 billion, a price-to-earnings ratio of 111.26 and a beta of 0.98.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Friday, February 13th. The basic materials company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. The business had revenue of $874.57 million during the quarter, compared to the consensus estimate of $782.13 million. Cameco had a return on equity of 9.35% and a net margin of 17.00%.The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 earnings per share. Equities research analysts expect that Cameco Corporation will post 1.27 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Glj Research restated a “buy” rating and issued a $171.20 price objective (up from $100.00) on shares of Cameco in a research report on Wednesday, February 18th. Sanford C. Bernstein reiterated an “outperform” rating and set a $147.00 price objective on shares of Cameco in a research report on Thursday, February 5th. Canadian Imperial Bank of Commerce boosted their target price on shares of Cameco to $202.00 in a research note on Monday, March 9th. Royal Bank Of Canada upped their target price on shares of Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. Finally, Weiss Ratings raised shares of Cameco from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Thirteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $150.40.

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.