K.J. Harrison & Partners Inc Purchases Shares of 28,107 Cameco Corporation $CCJ

K.J. Harrison & Partners Inc acquired a new position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 28,107 shares of the basic materials company’s stock, valued at approximately $2,859,000.

A number of other hedge funds have also recently modified their holdings of the stock. Mcguire Capital Advisors Inc. acquired a new position in Cameco in the fourth quarter valued at $28,000. Caitong International Asset Management Co. Ltd grew its holdings 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 worth $28,000 after purchasing an additional 307 shares during the last quarter. Sterling Capital Management LLC acquired a new stake in shares of Cameco during the first quarter worth about $30,000. Sunbelt Securities Inc. increased its position 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 in the last quarter. Finally, Brown Lisle Cummings Inc. lifted its holdings in shares of Cameco by 3,200.0% in the 1st quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 288 shares during the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Truist Financial raised their price target on Cameco from $129.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Barclays reduced their price objective on Cameco from $104.00 to $97.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 4th. Wall Street Zen downgraded Cameco from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Weiss Ratings lowered shares of Cameco from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, August 12th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $135.00 target price on shares of Cameco in a report on Monday, June 15th. Fourteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.68.

Cameco Price Performance

Shares of CCJ opened at $98.59 on Tuesday. Cameco Corporation has a fifty-two week low of $68.96 and a fifty-two week high of $135.24. The company has a market capitalization of $42.94 billion, a price-to-earnings ratio of 167.10, a price-to-earnings-growth ratio of 1.67 and a beta of 1.05. The firm has a 50-day simple moving average of $96.31 and a 200-day simple moving average of $108.24. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.10 and a current ratio of 3.06.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Friday, July 31st. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.13). The company had revenue of $573.06 million for the quarter, compared to analysts’ expectations of $579.60 million. Cameco had a return on equity of 7.59% and a net margin of 10.20%.The business’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 EPS. On average, equities research analysts anticipate that Cameco Corporation will post 1.27 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.