Marietta Investment Partners LLC Buys 11,755 Shares of Cameco Corporation $CCJ

Marietta Investment Partners LLC increased its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 430.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 14,485 shares of the basic materials company’s stock after purchasing an additional 11,755 shares during the quarter. Marietta Investment Partners LLC’s holdings in Cameco were worth $1,325,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased 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 valued at $1,653,639,000 after purchasing an additional 258,193 shares in the last quarter. Capital World Investors raised its holdings in Cameco by 0.8% during the third quarter. Capital World Investors now owns 13,503,924 shares of the basic materials company’s stock worth $1,133,147,000 after buying an additional 106,872 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Cameco by 0.7% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,973,799 shares of the basic materials company’s stock worth $1,089,080,000 after buying an additional 85,762 shares during the last quarter. Van ECK Associates Corp raised its holdings in Cameco by 43.3% during the third quarter. Van ECK Associates Corp now owns 5,443,807 shares of the basic materials company’s stock worth $456,530,000 after buying an additional 1,644,061 shares during the last quarter. Finally, Norges Bank acquired a new position in Cameco during the fourth quarter worth $443,265,000. Institutional investors own 70.21% of the company’s stock.

Cameco Stock Performance

NYSE CCJ opened at $114.81 on Thursday. Cameco Corporation has a 1 year low of $59.10 and a 1 year high of $135.24. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.08 and a quick ratio of 2.09. The firm has a market cap of $50.00 billion, a price-to-earnings ratio of 106.31, a PEG ratio of 2.04 and a beta of 0.99. The company has a fifty day moving average price of $113.68 and a 200-day moving average price of $108.30.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.05. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The firm had revenue of $607.49 million during the quarter, compared to analyst estimates of $598.63 million. During the same quarter in the prior year, the business posted $0.16 EPS. The business’s revenue was up 7.1% compared to the same quarter last year. As a group, equities research analysts predict that Cameco Corporation will post 1.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on CCJ shares. The Goldman Sachs Group restated a “buy” rating and set a $131.00 price objective on shares of Cameco in a report on Wednesday, February 4th. Scotiabank restated an “outperform” rating and set a $175.00 price objective on shares of Cameco in a report on Wednesday, May 6th. Glj Research restated a “buy” rating and set a $171.20 price objective (up from $100.00) on shares of Cameco in a report on Wednesday, February 18th. Weiss Ratings downgraded shares of Cameco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $147.00 price objective on shares of Cameco in a report on Thursday, February 5th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $148.62.

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.