TD Waterhouse Canada Inc. Buys 136,613 Shares of Cameco Corporation $CCJ

TD Waterhouse Canada Inc. raised its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 15.4% during the 2nd quarter, Holdings Channel reports. The fund owned 1,022,122 shares of the basic materials company’s stock after acquiring an additional 136,613 shares during the period. TD Waterhouse Canada Inc.’s holdings in Cameco were worth $99,697,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in CCJ. Temasek Holdings Private Ltd bought a new position in Cameco during the 1st quarter worth $70,851,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Cameco by 35.2% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 535,743 shares of the basic materials company’s stock worth $58,187,000 after buying an additional 139,592 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of Cameco in the second quarter valued at about $212,908,000. WCM Investment Management LLC bought a new stake in shares of Cameco in the first quarter valued at about $35,342,000. Finally, Amova Asset Management Americas Inc. grew its stake in shares of Cameco by 37.7% in the first quarter. Amova Asset Management Americas Inc. now owns 522,864 shares of the basic materials company’s stock valued at $56,788,000 after acquiring an additional 143,113 shares in the last quarter. Institutional investors own 70.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CCJ shares. Jefferies Financial Group initiated coverage on shares of Cameco in a research report on Thursday. They set a “buy” rating and a $138.00 price target on the stock. Bank of America cut their price objective on shares of Cameco from $143.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Royal Bank Of Canada increased their target price on shares of Cameco from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Monday, June 29th. Weiss Ratings cut shares of Cameco from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. Finally, Barclays cut their price target 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. Fourteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $145.09.

Cameco Stock Up 4.3%

Shares of NYSE CCJ opened at $100.56 on Friday. 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 Corporation has a 52 week low of $74.63 and a 52 week high of $135.24. The stock has a market capitalization of $43.80 billion, a P/E ratio of 170.44, a PEG ratio of 1.65 and a beta of 1.06. The stock’s fifty day moving average is $95.33 and its 200 day moving average is $106.45.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Friday, July 31st. The basic materials company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.13). Cameco had a net margin of 10.20% and a return on equity of 7.59%. The company had revenue of $573.06 million during the quarter, compared to analyst estimates of $579.60 million. During the same period last year, the firm earned $0.71 EPS. The firm’s revenue for the quarter was down 6.8% compared to the same quarter last year. Sell-side analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

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.