Cantor Fitzgerald L. P. Acquires 5,140 Shares of Cameco Corporation $CCJ

Cantor Fitzgerald L. P. lifted its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 69.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,503 shares of the basic materials company’s stock after purchasing an additional 5,140 shares during the quarter. Cantor Fitzgerald L. P.’s holdings in Cameco were worth $1,049,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. International Assets Investment Management LLC boosted its holdings in Cameco by 3.1% in the third quarter. International Assets Investment Management LLC now owns 3,938 shares of the basic materials company’s stock worth $330,000 after purchasing an additional 120 shares in the last quarter. Lee Johnson Capital Management LLC raised its holdings in Cameco by 1.2% during the third quarter. Lee Johnson Capital Management LLC now owns 10,770 shares of the basic materials company’s stock valued at $903,000 after buying an additional 127 shares in the last quarter. Delos Wealth Advisors LLC raised its holdings in Cameco by 60.0% during the third quarter. Delos Wealth Advisors LLC now owns 400 shares of the basic materials company’s stock valued at $34,000 after buying an additional 150 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Cameco by 11.2% in the third quarter. Versant Capital Management Inc now owns 1,590 shares of the basic materials company’s stock worth $133,000 after buying an additional 160 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of Cameco by 4.4% in the third quarter. Oppenheimer Asset Management Inc. now owns 3,758 shares of the basic materials company’s stock worth $315,000 after buying an additional 160 shares during the last quarter. Institutional investors own 70.21% of the company’s stock.

Analysts Set New Price Targets

CCJ has been the topic of a number of analyst reports. Royal Bank Of Canada increased their price objective on Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. Glj Research restated a “buy” rating and issued a $171.20 target price (up from $100.00) on shares of Cameco in a report on Wednesday, February 18th. Raymond James Financial reaffirmed an “outperform” rating on shares of Cameco in a research report on Wednesday, January 14th. Canadian Imperial Bank of Commerce increased their price target on Cameco to $202.00 in a report on Monday, March 9th. Finally, Weiss Ratings upgraded shares of Cameco from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Thirteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $150.40.

Cameco Price Performance

NYSE CCJ opened at $109.40 on Thursday. The stock has a 50-day simple moving average of $117.05 and a 200 day simple moving average of $98.48. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $135.24. The stock has a market capitalization of $47.65 billion, a PE ratio of 112.79 and a beta of 0.98. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.68 and a current ratio of 2.47.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Friday, February 13th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. The firm had revenue of $874.57 million for the quarter, compared to analyst estimates of $782.13 million. Cameco had a return on equity of 9.35% and a net margin of 17.00%.The company’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 EPS. Research analysts anticipate that Cameco Corporation will post 1.27 EPS for the current 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.