289,993 Shares in Cameco Corporation $CCJ Bought by Deltroit Asset Management UK LLP

Deltroit Asset Management UK LLP acquired a new stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 289,993 shares of the basic materials company’s stock, valued at approximately $26,531,000. Cameco makes up about 3.9% of Deltroit Asset Management UK LLP’s holdings, making the stock its 6th largest holding.

A number of other large investors have also recently made changes to their positions in CCJ. Nisa Investment Advisors LLC bought a new position in shares of Cameco during the fourth quarter valued at about $25,000. Founders Capital Management bought a new position in shares of Cameco during the fourth quarter valued at about $27,000. Strategic Advocates LLC bought a new position in shares of Cameco during the third quarter valued at about $28,000. Sunbelt Securities Inc. lifted its position in shares of 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 in the last quarter. Finally, Delos Wealth Advisors LLC lifted its position in shares of 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 in the last quarter. 70.21% of the stock is owned by institutional investors.

Cameco Price Performance

Shares of NYSE:CCJ opened at $103.52 on Friday. The company has a 50 day moving average of $113.70 and a 200 day moving average of $108.47. The stock has a market cap of $45.09 billion, a P/E ratio of 95.85, a P/E/G ratio of 1.93 and a beta of 0.99. Cameco Corporation has a 12 month low of $59.25 and a 12 month high of $135.24. 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 (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.29 by $0.05. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The company had revenue of $607.49 million during the quarter, compared to analysts’ expectations of $598.63 million. During the same quarter in the previous year, the company earned $0.16 earnings per share. Cameco’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, sell-side analysts forecast that Cameco Corporation will post 1.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CCJ. Weiss Ratings lowered shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. TD Securities lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Glj Research reissued a “buy” rating and set a $171.20 price target (up from $100.00) on shares of Cameco in a research report on Wednesday, February 18th. Zacks Research downgraded shares of Cameco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Finally, Barclays assumed coverage on shares of Cameco in a report on Thursday, May 21st. They set an “equal weight” rating and a $108.00 price objective for the company. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Cameco has a consensus rating of “Moderate Buy” and an average price target of $148.62.

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.