Rathbones Group PLC Purchases 40,048 Shares of Cameco Corporation $CCJ

Rathbones Group PLC grew its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 7.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 560,250 shares of the basic materials company’s stock after buying an additional 40,048 shares during the quarter. Rathbones Group PLC’s holdings in Cameco were worth $51,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. IFP Advisors Inc lifted its holdings in shares of Cameco by 13.7% during the 4th quarter. IFP Advisors Inc now owns 7,865 shares of the basic materials company’s stock valued at $720,000 after buying an additional 948 shares during the period. Banque Cantonale Vaudoise lifted its holdings in shares of Cameco by 82.9% during the 4th quarter. Banque Cantonale Vaudoise now owns 65,625 shares of the basic materials company’s stock valued at $6,007,000 after buying an additional 29,751 shares during the period. Cullen Frost Bankers Inc. lifted its holdings in shares of Cameco by 132.0% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,021 shares of the basic materials company’s stock valued at $93,000 after buying an additional 581 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. bought a new position in shares of Cameco during the 4th quarter valued at $2,196,000. Finally, Creative Financial Designs Inc. ADV lifted its holdings in shares of Cameco by 102.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 988 shares of the basic materials company’s stock valued at $90,000 after buying an additional 501 shares during the period. 70.21% of the stock is owned by institutional investors.

Cameco Trading Up 0.5%

Shares of CCJ stock opened at $104.00 on Thursday. Cameco Corporation has a 52-week low of $51.70 and a 52-week high of $135.24. 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 firm has a market capitalization of $45.30 billion, a PE ratio of 96.30, a PEG ratio of 1.75 and a beta of 1.04. The stock has a fifty day simple moving average of $113.71 and a two-hundred day simple moving average of $107.18.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The business 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. Cameco’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, analysts predict that Cameco Corporation will post 1.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CCJ shares. Weiss Ratings cut Cameco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Royal Bank Of Canada increased their price target on Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $147.00 target price on shares of Cameco in a report on Thursday, February 5th. Zacks Research cut Cameco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. 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 investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $153.13.

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.