Keystone Investors PTE Ltd. Has $14.44 Million Stock Holdings in Cameco Corporation $CCJ

Keystone Investors PTE Ltd. raised its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 157,879 shares of the basic materials company’s stock after purchasing an additional 8,245 shares during the period. Cameco accounts for 1.3% of Keystone Investors PTE Ltd.’s portfolio, making the stock its 20th largest holding. Keystone Investors PTE Ltd.’s holdings in Cameco were worth $14,444,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC acquired a new position in Cameco during the fourth quarter valued at approximately $25,000. Founders Capital Management acquired a new position in Cameco during the fourth quarter valued at approximately $27,000. Strategic Advocates LLC acquired a new position in Cameco during the third quarter valued at approximately $28,000. Sunbelt Securities Inc. grew its holdings in Cameco by 928.6% during the third quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 325 shares during the last quarter. Finally, Delos Wealth Advisors LLC grew 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 purchasing an additional 150 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CCJ shares. Zacks Research downgraded shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Glj Research restated a “buy” rating and issued a $171.20 price objective (up from $100.00) on shares of Cameco in a research note on Wednesday, February 18th. Weiss Ratings downgraded shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Barclays started coverage on shares of Cameco in a research note on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 price objective on the stock. Finally, William Blair started coverage on shares of Cameco in a research note on Monday, April 20th. They issued an “outperform” rating on the stock. 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, Cameco presently has a consensus rating of “Moderate Buy” and an average target price of $148.62.

Cameco Trading Up 2.0%

Shares of Cameco stock opened at $100.94 on Friday. The company’s fifty day simple moving average is $113.12 and its 200-day simple moving average is $109.09. The company has a market cap of $43.96 billion, a price-to-earnings ratio of 93.47, a PEG ratio of 1.68 and a beta of 0.99. 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 Corporation has a 1 year low of $64.84 and a 1 year high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $598.63 million. Cameco had a net margin of 18.38% and a return on equity of 11.05%. Cameco’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the company posted $0.16 earnings per share. As a group, sell-side analysts expect that Cameco Corporation will post 1.31 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.