Clare Market Investments LLC Makes New Investment in Cameco Corporation $CCJ

Clare Market Investments LLC acquired a new stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the 1st quarter, HoldingsChannel reports. The firm acquired 5,350 shares of the basic materials company’s stock, valued at approximately $581,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Legal & General Group Plc increased its holdings in shares of Cameco by 4.6% during the third quarter. Legal & General Group Plc now owns 2,483,216 shares of the basic materials company’s stock valued at $208,450,000 after acquiring an additional 108,841 shares in the last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new position in Cameco in the 4th quarter valued at about $1,974,000. Vanguard Group Inc. boosted its stake in Cameco by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 18,059,335 shares of the basic materials company’s stock valued at $1,653,639,000 after purchasing an additional 258,193 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Cameco by 0.7% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,973,799 shares of the basic materials company’s stock worth $1,089,080,000 after purchasing an additional 85,762 shares in the last quarter. Finally, Nikulski Financial Inc. purchased a new position in shares of Cameco during the fourth quarter valued at approximately $930,000. Institutional investors own 70.21% of the company’s stock.

Analyst Ratings Changes

CCJ has been the topic of a number of recent analyst reports. William Blair initiated coverage on Cameco in a research note on Monday, April 20th. They set an “outperform” rating on the stock. TD Securities cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Royal Bank Of Canada upped their price objective on Cameco from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Canadian Imperial Bank of Commerce boosted their target price on Cameco to $202.00 in a research note on Monday, March 9th. Finally, Scotiabank reiterated an “outperform” rating and set a $175.00 price target on shares of Cameco in a research note on Wednesday, May 6th. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $148.92.

Cameco Trading Down 2.0%

Cameco stock opened at $95.57 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.09 and a current ratio of 3.08. Cameco Corporation has a 1 year low of $68.96 and a 1 year high of $135.24. The firm’s 50-day moving average is $108.73 and its 200-day moving average is $110.75. The company has a market cap of $41.63 billion, a P/E ratio of 88.02, a PEG ratio of 1.76 and a beta of 1.02.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The company 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%.Cameco’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 earnings per share. On average, equities analysts expect that Cameco Corporation will post 1.21 earnings per share for the current 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.