Swiss Life Asset Management Ltd Boosts Stock Position in Cameco Corporation $CCJ

Swiss Life Asset Management Ltd lifted its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 14.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,410 shares of the basic materials company’s stock after buying an additional 9,715 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Cameco were worth $7,180,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC purchased a new stake in Cameco in the 4th quarter worth $25,000. Founders Capital Management acquired a new stake in shares of Cameco in the fourth quarter valued at about $27,000. Strategic Advocates LLC acquired a new stake in shares of Cameco in the third quarter valued at about $28,000. Sunbelt Securities Inc. increased its stake 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, Delos Wealth Advisors LLC raised its position in shares of Cameco by 60.0% during the 3rd quarter. Delos Wealth Advisors LLC now owns 400 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 150 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Trading Down 1.2%

Shares of Cameco stock opened at $115.56 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.08 and a quick ratio of 2.09. The stock’s 50 day simple moving average is $114.62 and its 200-day simple moving average is $106.90. The stock has a market cap of $50.33 billion, a P/E ratio of 107.00, a P/E/G ratio of 1.97 and a beta of 1.04. Cameco Corporation has a 1-year low of $50.03 and a 1-year high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. The firm had revenue of $607.49 million for 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%.The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.16 earnings per share. Analysts predict that Cameco Corporation will post 1.32 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on CCJ. Zacks Research cut Cameco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Canadian Imperial Bank of Commerce raised their target price on Cameco to $202.00 in a research report on Monday, March 9th. The Goldman Sachs Group reiterated a “buy” rating and set a $131.00 price target on shares of Cameco in a research report on Wednesday, February 4th. TD Securities lowered Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Finally, Glj Research reaffirmed a “buy” rating and set a $171.20 target price (up from $100.00) on shares of Cameco in a research note on Wednesday, February 18th. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $153.13.

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.