Cameco Corporation $CCJ is Caldwell Investment Management Ltd.’s 9th Largest Position

Caldwell Investment Management Ltd. boosted its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 30.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,000 shares of the basic materials company’s stock after acquiring an additional 9,500 shares during the period. Cameco accounts for about 2.3% of Caldwell Investment Management Ltd.’s investment portfolio, making the stock its 9th largest holding. Caldwell Investment Management Ltd.’s holdings in Cameco were worth $3,744,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC purchased a new position in Cameco during the 4th quarter valued at about $25,000. Founders Capital Management purchased a new position in Cameco during the 4th quarter valued at about $27,000. Strategic Advocates LLC purchased a new position in Cameco during the 3rd quarter valued at about $28,000. Sunbelt Securities Inc. lifted its position in Cameco by 928.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 325 shares during the period. Finally, Delos Wealth Advisors LLC lifted its position in Cameco by 60.0% during the 3rd quarter. Delos Wealth Advisors LLC now owns 400 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 150 shares during the period. 70.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CCJ. Zacks Research cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Barclays initiated coverage on shares of Cameco in a report on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 target price for the company. Canadian Imperial Bank of Commerce lifted their target price on shares of Cameco to $202.00 in a report on Monday, March 9th. TD Securities cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Finally, Glj Research reaffirmed 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. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Cameco has an average rating of “Moderate Buy” and an average price target of $148.62.

Cameco Stock Down 3.2%

Shares of Cameco stock opened at $102.10 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.09 and a current ratio of 3.08. The stock has a market capitalization 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. Cameco Corporation has a 52-week low of $62.59 and a 52-week high of $135.24. The company has a 50-day simple moving average of $113.68 and a two-hundred day simple moving average of $108.92.

Cameco (NYSE:CCJ) (TSE:CCO) last issued 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. The business had revenue of $607.49 million during the quarter, compared to analysts’ expectations of $598.63 million. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.16 earnings per share. On average, analysts anticipate that Cameco Corporation will post 1.31 EPS 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.