652,342 Shares in Cameco Corporation $CCJ Acquired by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd bought a new stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 652,342 shares of the basic materials company’s stock, valued at approximately $70,851,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CCJ. Sterling Capital Management LLC acquired a new position in shares of Cameco during the first quarter worth $30,000. Nisa Investment Advisors LLC bought a new stake in Cameco during the 4th quarter worth $25,000. Brown Lisle Cummings Inc. increased its holdings in Cameco by 3,200.0% in the 1st quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 288 shares in the last quarter. Founders Capital Management acquired a new position in Cameco in the 4th quarter worth about $27,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in Cameco in the 4th quarter worth about $28,000. Institutional investors own 70.21% of the company’s stock.

Cameco Stock Up 4.5%

Shares of NYSE CCJ opened at $88.68 on Wednesday. The firm has a market cap of $38.62 billion, a PE ratio of 82.11, a P/E/G ratio of 1.39 and a beta of 1.02. Cameco Corporation has a 12-month low of $68.96 and a 12-month high of $135.24. The company’s fifty day simple moving average is $102.56 and its 200 day simple moving average is $110.73. 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 announced its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping 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 business had revenue of $607.49 million for the quarter, compared to analyst estimates of $598.63 million. During the same quarter in the prior year, the company earned $0.16 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, sell-side analysts forecast that Cameco Corporation will post 1.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

CCJ has been the topic of a number of recent research reports. Bank of America cut their price target on Cameco from $143.00 to $140.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $135.00 price objective on shares of Cameco in a research note on Monday, June 15th. Citigroup reiterated a “positive” rating on shares of Cameco in a report on Wednesday, July 15th. Truist Financial assumed coverage on shares of Cameco in a research report on Monday, July 13th. They set a “buy” rating and a $129.00 target price on the stock. Finally, Barclays reduced their target price on shares of Cameco from $108.00 to $104.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $146.18.

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.