WINTON GROUP Ltd Purchases 61,672 Shares of Cameco Corporation $CCJ

WINTON GROUP Ltd increased its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 80.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 138,272 shares of the basic materials company’s stock after buying an additional 61,672 shares during the period. WINTON GROUP Ltd’s holdings in Cameco were worth $12,651,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CCJ. Norges Bank bought a new position in shares of Cameco during the fourth quarter worth about $443,265,000. TD Asset Management Inc grew its holdings in shares of Cameco by 116.7% during the third quarter. TD Asset Management Inc now owns 4,622,932 shares of the basic materials company’s stock worth $388,068,000 after buying an additional 2,489,207 shares in the last quarter. Van ECK Associates Corp grew its stake in Cameco by 43.3% in the third quarter. Van ECK Associates Corp now owns 5,443,807 shares of the basic materials company’s stock valued at $456,530,000 after purchasing an additional 1,644,061 shares in the last quarter. Mizuho Markets Cayman LP bought a new position in Cameco in the third quarter valued at approximately $128,370,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Cameco by 14,338.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,112,080 shares of the basic materials company’s stock valued at $101,744,000 after purchasing an additional 1,104,378 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CCJ shares. Royal Bank Of Canada raised their price target on Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Glj Research restated a “buy” rating and issued a $171.20 price target (up from $100.00) on shares of Cameco in a research note on Wednesday, February 18th. TD Securities downgraded Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Weiss Ratings downgraded Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. Finally, Canadian Imperial Bank of Commerce raised their price target on Cameco to $202.00 in a research note on Monday, March 9th. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Cameco has a consensus rating of “Moderate Buy” and an average price target of $148.62.

Cameco Stock Down 9.2%

CCJ stock opened at $103.52 on Friday. Cameco Corporation has a twelve month low of $59.25 and a twelve month high of $135.24. The company has a market cap of $45.09 billion, a price-to-earnings ratio of 95.85, a P/E/G ratio of 1.93 and a beta of 0.99. The business has a 50 day moving average price of $113.70 and a two-hundred day moving average price of $108.47. 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 (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating 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 company had revenue of $607.49 million during the quarter, compared to analysts’ expectations of $598.63 million. During the same period last year, the firm posted $0.16 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. Analysts anticipate that Cameco Corporation will post 1.31 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.