Mackenzie Financial Corp Has $75.11 Million Stake in Cameco Corporation $CCJ

Mackenzie Financial Corp decreased its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 30.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 895,172 shares of the basic materials company’s stock after selling 395,364 shares during the quarter. Mackenzie Financial Corp owned about 0.21% of Cameco worth $75,112,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Financial Consulate Inc. acquired a new stake in Cameco in the third quarter valued at approximately $25,000. Armstrong Advisory Group Inc. grew its position in Cameco by 110.3% in the third quarter. Armstrong Advisory Group Inc. now owns 347 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 182 shares in the last quarter. VSM Wealth Advisory LLC acquired a new position in shares of Cameco during the 2nd quarter worth $35,000. Cullen Frost Bankers Inc. acquired a new position in shares of Cameco during the 3rd quarter worth $37,000. Finally, Tobam raised its holdings in shares of Cameco by 389.1% during the 3rd quarter. Tobam now owns 450 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 358 shares in the last quarter. Institutional investors own 70.21% of the company’s stock.

Cameco Price Performance

NYSE CCJ opened at $115.37 on Thursday. Cameco Corporation has a 1 year low of $35.00 and a 1 year high of $135.24. The company has a fifty day simple moving average of $115.89 and a 200 day simple moving average of $97.28. The company has a current ratio of 2.47, a quick ratio of 1.68 and a debt-to-equity ratio of 0.14. The company has a market cap of $50.25 billion, a P/E ratio of 118.94 and a beta of 0.98.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Friday, February 13th. The basic materials company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.29 by $0.07. Cameco had a net margin of 17.00% and a return on equity of 9.35%. The firm had revenue of $874.57 million for the quarter, compared to the consensus estimate of $782.13 million. During the same quarter last year, the firm posted $0.36 EPS. The business’s quarterly revenue was up 1.5% on a year-over-year basis. On average, sell-side analysts predict that Cameco Corporation will post 1.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CCJ. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $147.00 price objective on shares of Cameco in a research note on Thursday, February 5th. Weiss Ratings upgraded Cameco from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Canadian Imperial Bank of Commerce boosted their price target on Cameco to $202.00 in a research report on Monday. Zacks Research downgraded Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $131.00 price objective on shares of Cameco in a report on Wednesday, February 4th. Thirteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $150.40.

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.