Cameco Corporation $CCJ Holdings Raised by General American Investors Co. Inc.

General American Investors Co. Inc. raised its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 8.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 339,230 shares of the basic materials company’s stock after buying an additional 25,000 shares during the quarter. Cameco accounts for 2.4% of General American Investors Co. Inc.’s portfolio, making the stock its 14th largest position. General American Investors Co. Inc.’s holdings in Cameco were worth $36,844,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Nisa Investment Advisors LLC purchased a new position in Cameco during the 4th quarter worth approximately $25,000. Founders Capital Management purchased a new stake in shares of Cameco in the fourth quarter valued at $27,000. Strategic Advocates LLC acquired a new stake in shares of Cameco in the third quarter worth $28,000. Mcguire Capital Advisors Inc. acquired a new position in Cameco during the fourth quarter valued at $28,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in Cameco by 30,700.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 307 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Up 0.3%

Shares of Cameco stock traded up $0.32 during midday trading on Friday, reaching $96.06. 2,321,727 shares of the company’s stock traded hands, compared to its average volume of 2,667,316. The company has a market cap of $41.84 billion, a price-to-earnings ratio of 88.94, a price-to-earnings-growth ratio of 1.68 and a beta of 1.02. Cameco Corporation has a 52 week low of $68.96 and a 52 week high of $135.24. The company’s 50 day simple moving average is $106.85 and its 200 day simple moving average is $110.81. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.09 and a current ratio of 3.08.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $598.63 million. During the same period last year, the company earned $0.16 earnings per share. The business’s revenue was up 7.1% compared to the same quarter last year. Equities analysts expect that Cameco Corporation will post 1.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

CCJ has been the topic of a number of research reports. Barclays assumed coverage on Cameco in a report on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 target price on the stock. Weiss Ratings downgraded shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. TD Securities lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Sanford C. Bernstein reissued an “outperform” rating and set a $135.00 target price on shares of Cameco in a research note on Monday, June 15th. Finally, Scotiabank reaffirmed an “outperform” rating and issued a $175.00 price target on shares of Cameco in a research note on Wednesday, May 6th. Twelve analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $148.11.

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.