Cameco Corporation $CCJ Shares Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. boosted its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 6.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 154,926 shares of the basic materials company’s stock after buying an additional 9,826 shares during the period. Rockefeller Capital Management L.P.’s holdings in Cameco were worth $14,174,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CCJ. Nisa Investment Advisors LLC acquired a new stake in shares of Cameco during the fourth quarter valued at about $25,000. Founders Capital Management purchased a new stake in shares of Cameco in the 4th quarter valued at approximately $27,000. Strategic Advocates LLC acquired a new position in shares of Cameco in the 3rd quarter worth approximately $28,000. Mcguire Capital Advisors Inc. acquired a new position in shares of Cameco in the 4th quarter worth approximately $28,000. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of Cameco by 30,700.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 307 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

CCJ has been the topic of a number of research analyst reports. Canadian Imperial Bank of Commerce boosted their target price on Cameco to $202.00 in a research report on Monday, March 9th. TD Securities lowered Cameco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. William Blair assumed coverage on Cameco in a report on Monday, April 20th. They issued an “outperform” rating on the stock. Barclays initiated coverage on Cameco in a research note on Thursday, May 21st. They set an “equal weight” rating and a $108.00 target price on the stock. Finally, Scotiabank restated an “outperform” rating and set a $175.00 target price on shares of Cameco in a report on Wednesday, May 6th. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $147.42.

Cameco Price Performance

Cameco stock opened at $108.78 on Wednesday. The firm has a market cap of $47.38 billion, a PE ratio of 100.72, a price-to-earnings-growth ratio of 1.95 and a beta of 0.99. Cameco Corporation has a 52-week low of $68.96 and a 52-week 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 company’s 50 day moving average is $112.25 and its two-hundred day moving average is $110.19.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.29 by $0.05. The company had revenue of $607.49 million during the quarter, compared to analysts’ expectations of $598.63 million. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.16 EPS. On average, research analysts expect that Cameco Corporation will post 1.21 EPS for the current fiscal year.

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.