Cameco Corporation $CCJ Shares Bought by Korea Investment CORP

Korea Investment CORP grew its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 1.4% during the fourth quarter, Holdings Channel reports. The firm owned 1,141,868 shares of the basic materials company’s stock after purchasing an additional 15,532 shares during the quarter. Korea Investment CORP’s holdings in Cameco were worth $104,694,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Keystone Investors PTE Ltd. increased its stake in Cameco by 5.5% during the 4th quarter. Keystone Investors PTE Ltd. now owns 157,879 shares of the basic materials company’s stock worth $14,444,000 after buying an additional 8,245 shares during the period. Wealthspire Advisors LLC lifted its holdings in Cameco by 49.4% during the 4th quarter. Wealthspire Advisors LLC now owns 3,914 shares of the basic materials company’s stock worth $358,000 after buying an additional 1,294 shares in the last quarter. Tiemann Investment Advisors LLC purchased a new position in Cameco in the 4th quarter valued at approximately $215,000. Summit Financial LLC grew its stake in shares of Cameco by 6.0% in the fourth quarter. Summit Financial LLC now owns 128,613 shares of the basic materials company’s stock worth $11,767,000 after acquiring an additional 7,230 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of Cameco by 58.4% in the fourth quarter. Advisors Asset Management Inc. now owns 4,765 shares of the basic materials company’s stock worth $436,000 after acquiring an additional 1,757 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Trading Up 2.0%

Shares of NYSE:CCJ opened at $100.94 on Friday. The company has a market cap of $43.96 billion, a PE ratio of 93.47, a P/E/G ratio of 1.68 and a beta of 0.99. The company’s 50 day moving average is $113.12 and its two-hundred day moving average is $109.09. Cameco Corporation has a 52 week low of $64.84 and a 52 week high of $135.24. 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 (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.29 by $0.05. The firm had revenue of $607.49 million for the quarter, compared to analyst estimates 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 in the prior year, the company posted $0.16 earnings per share. Equities analysts predict that Cameco Corporation will post 1.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Zacks Research cut Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. TD Securities cut Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Weiss Ratings downgraded Cameco from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Royal Bank Of Canada increased their price target on Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. Finally, Scotiabank reiterated an “outperform” rating and issued a $175.00 price objective on shares of Cameco in a research note on Wednesday, May 6th. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $148.62.

Cameco 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.