Cameco Corporation $CCJ Stock Position Raised by GeoSphere Capital Management LLC

GeoSphere Capital Management LLC grew its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 7.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,460 shares of the basic materials company’s stock after acquiring an additional 5,000 shares during the period. Cameco accounts for approximately 2.2% of GeoSphere Capital Management LLC’s portfolio, making the stock its 4th largest holding. GeoSphere Capital Management LLC’s holdings in Cameco were worth $6,721,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Clearstead Advisors LLC lifted its position in shares of Cameco by 0.8% during the fourth quarter. Clearstead Advisors LLC now owns 10,158 shares of the basic materials company’s stock worth $929,000 after acquiring an additional 85 shares in the last quarter. Legacy Bridge LLC lifted its position in shares of Cameco by 0.9% during the fourth quarter. Legacy Bridge LLC now owns 11,508 shares of the basic materials company’s stock worth $1,053,000 after acquiring an additional 100 shares in the last quarter. S.A. Mason LLC lifted its position in shares of Cameco by 4.8% during the fourth quarter. S.A. Mason LLC now owns 2,436 shares of the basic materials company’s stock worth $223,000 after acquiring an additional 111 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Cameco by 19.9% in the fourth quarter. GAMMA Investing LLC now owns 676 shares of the basic materials company’s stock worth $62,000 after purchasing an additional 112 shares during the period. Finally, Midwest Trust Co increased its holdings in shares of Cameco by 4.8% in the fourth quarter. Midwest Trust Co now owns 2,522 shares of the basic materials company’s stock worth $231,000 after purchasing an additional 116 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CCJ shares. TD Securities cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $131.00 price target on shares of Cameco in a report on Wednesday, February 4th. Canadian Imperial Bank of Commerce upped their price target on shares of Cameco to $202.00 in a report on Monday, March 9th. Barclays started coverage on shares of Cameco in a report on Thursday. They issued an “equal weight” rating and a $108.00 price target on the stock. Finally, Glj Research reaffirmed a “buy” rating and issued a $171.20 price target (up from $100.00) on shares of Cameco in a report on Wednesday, February 18th. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $148.62.

Cameco Stock Down 0.0%

CCJ opened at $104.71 on Monday. The stock has a market cap of $45.61 billion, a PE ratio of 96.96, a P/E/G ratio of 1.77 and a beta of 1.04. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14. Cameco Corporation has a 52 week low of $55.11 and a 52 week high of $135.24. The business’s fifty day simple moving average is $113.20 and its 200 day simple moving average is $107.23.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The business had revenue of $607.49 million for the quarter, compared to analysts’ expectations of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The firm’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.16 earnings per share. As a group, research analysts expect that Cameco Corporation will post 1.32 earnings per share for the current fiscal year.

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.