Harvest Portfolios Group Inc. Acquires Shares of 139,799 Cameco Corporation $CCJ

Harvest Portfolios Group Inc. purchased a new stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the 3rd quarter, Holdings Channel reports. The fund purchased 139,799 shares of the basic materials company’s stock, valued at approximately $11,733,000.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Cameco in the second quarter valued at $341,736,000. TD Asset Management Inc increased its holdings in shares of Cameco by 116.7% in the 3rd quarter. TD Asset Management Inc now owns 4,622,932 shares of the basic materials company’s stock valued at $388,068,000 after purchasing an additional 2,489,207 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Cameco by 41.4% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,076,815 shares of the basic materials company’s stock valued at $524,988,000 after purchasing an additional 2,071,373 shares during the period. Acadian Asset Management LLC boosted its holdings in Cameco by 1,428.6% during the second quarter. Acadian Asset Management LLC now owns 978,300 shares of the basic materials company’s stock worth $72,505,000 after buying an additional 914,300 shares in the last quarter. Finally, Encompass Capital Advisors LLC acquired a new position in Cameco during the second quarter worth about $66,781,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Price Performance

Shares of NYSE:CCJ opened at $118.36 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.68 and a current ratio of 2.47. The business’s fifty day moving average price is $111.91 and its two-hundred day moving average price is $94.75. The stock has a market cap of $51.55 billion, a PE ratio of 122.02 and a beta of 0.99. Cameco Corporation has a one year low of $35.00 and a one year high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Friday, February 13th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.07. The business had revenue of $874.57 million for the quarter, compared to the consensus estimate of $782.13 million. Cameco had a return on equity of 9.35% and a net margin of 17.00%.The business’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.36 earnings per share. On average, analysts forecast that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CCJ has been the subject of a number of research reports. Zacks Research downgraded shares of Cameco from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. National Bank Financial reaffirmed an “outperform” rating on shares of Cameco in a report on Thursday, November 6th. Sanford C. Bernstein reissued an “outperform” rating and issued a $147.00 target price on shares of Cameco in a report on Thursday, February 5th. The Goldman Sachs Group restated a “buy” rating and issued a $131.00 price target on shares of Cameco in a research report on Wednesday, February 4th. Finally, Weiss Ratings upgraded shares of Cameco from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $143.03.

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.