Westerkirk Capital Inc. Has $112,000 Holdings in Cameco Corporation $CCJ

Westerkirk Capital Inc. lessened its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 93.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,220 shares of the basic materials company’s stock after selling 17,100 shares during the quarter. Westerkirk Capital Inc.’s holdings in Cameco were worth $112,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Legal & General Group Plc raised its stake in Cameco by 4.6% during the 3rd quarter. Legal & General Group Plc now owns 2,483,216 shares of the basic materials company’s stock worth $208,450,000 after buying an additional 108,841 shares during the period. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new stake in Cameco during the 4th quarter worth $1,974,000. Caprock Group LLC acquired a new stake in Cameco during the 3rd quarter worth $1,066,000. Intech Investment Management LLC raised its stake in Cameco by 3.8% during the 3rd quarter. Intech Investment Management LLC now owns 500,699 shares of the basic materials company’s stock worth $42,031,000 after buying an additional 18,261 shares during the period. Finally, Vanguard Group Inc. raised 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 worth $1,653,639,000 after buying an additional 258,193 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Wall Street Analysts Forecast Growth

CCJ has been the subject of a number of research reports. William Blair initiated coverage on Cameco in a report on Monday, April 20th. They set an “outperform” rating for the company. TD Securities cut Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Royal Bank Of Canada increased their target price on Cameco from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Barclays initiated coverage on Cameco in a report on Thursday, May 21st. They set an “equal weight” rating and a $108.00 target price for the company. Finally, Canadian Imperial Bank of Commerce increased their target price on Cameco to $202.00 in a report on Monday, March 9th. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Cameco has an average rating of “Moderate Buy” and a consensus target price of $148.62.

Cameco Price Performance

CCJ stock opened at $102.10 on Wednesday. The stock has a market cap of $44.47 billion, a PE ratio of 94.54, a price-to-earnings-growth ratio of 1.79 and a beta of 0.99. The stock has a 50-day moving average price of $113.68 and a two-hundred day moving average price of $108.92. The company has a current ratio of 3.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14. Cameco Corporation has a 1 year low of $62.59 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 earnings per share 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 return on equity of 11.05% and a net margin of 18.38%.Cameco’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 EPS. Equities analysts forecast that Cameco Corporation will post 1.31 EPS for the current fiscal 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.