ARP Global Capital Ltd Acquires New Shares in Cameco Corporation $CCJ

ARP Global Capital Ltd acquired a new position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 157,811 shares of the basic materials company’s stock, valued at approximately $14,438,000. Cameco accounts for 4.4% of ARP Global Capital Ltd’s portfolio, making the stock its 7th largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CCJ. Financial Consulate Inc. acquired a new position in shares of Cameco in the 3rd quarter valued at $25,000. Nisa Investment Advisors LLC purchased a new position in shares of Cameco during the 4th quarter worth $25,000. Founders Capital Management acquired a new stake in shares of Cameco during the 4th quarter worth about $27,000. Strategic Advocates LLC purchased a new stake in Cameco in the 3rd quarter valued at about $28,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in Cameco in the fourth quarter valued at about $28,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Raymond James Financial reaffirmed an “outperform” rating on shares of Cameco in a research note on Wednesday, January 14th. Zacks Research lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Weiss Ratings upgraded shares of Cameco from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Canadian Imperial Bank of Commerce boosted their target price on Cameco to $202.00 in a research report on Monday. Finally, Glj Research restated a “buy” rating and set a $171.20 price target (up from $100.00) on shares of Cameco in a research note on Wednesday, February 18th. Thirteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Cameco has a consensus rating of “Moderate Buy” and a consensus target price of $150.40.

Cameco Trading Down 0.1%

NYSE CCJ opened at $115.25 on Friday. The firm has a 50 day simple moving average of $116.36 and a 200-day simple moving average of $97.40. 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 Corporation has a one year low of $35.00 and a one year high of $135.24. The firm has a market cap of $50.20 billion, a price-to-earnings ratio of 118.82 and a beta of 0.98.

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

Cameco 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.