Guardian Partners Inc. Has $3.55 Million Holdings in Cameco Corporation $CCJ

Guardian Partners Inc. lifted its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 34.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,751 shares of the basic materials company’s stock after purchasing an additional 8,451 shares during the quarter. Guardian Partners Inc.’s holdings in Cameco were worth $3,551,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in Cameco during the fourth quarter worth approximately $443,265,000. Marshall Wace LLP increased its stake in Cameco by 7,481.3% during the 4th quarter. Marshall Wace LLP now owns 1,752,571 shares of the basic materials company’s stock worth $160,343,000 after acquiring an additional 1,729,454 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Cameco by 14,338.8% in the 4th 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 acquiring an additional 1,104,378 shares in the last quarter. Man Group plc raised its holdings in Cameco by 126.3% in the 3rd quarter. Man Group plc now owns 1,698,728 shares of the basic materials company’s stock valued at $142,455,000 after acquiring an additional 948,068 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its position in shares of Cameco by 1,339.8% during the 4th quarter. Corient Private Wealth LLC now owns 964,552 shares of the basic materials company’s stock valued at $88,247,000 after acquiring an additional 897,558 shares during the period. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Barclays reduced their target price on Cameco from $108.00 to $104.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 15th. Scotiabank reaffirmed an “outperform” rating and issued a $175.00 price target on shares of Cameco in a research note on Wednesday, May 6th. Truist Financial began coverage on shares of Cameco in a research report on Monday, July 13th. They set a “buy” rating and a $129.00 price objective for the company. Citigroup reiterated a “positive” rating on shares of Cameco in a research note on Wednesday, July 15th. Finally, Bank of America decreased their target price on shares of Cameco from $143.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $146.18.

Cameco Stock Down 2.7%

NYSE CCJ opened at $86.98 on Wednesday. The business has a fifty day moving average price of $100.56 and a two-hundred day moving average price of $110.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.08 and a quick ratio of 2.09. Cameco Corporation has a fifty-two week low of $68.96 and a fifty-two week high of $135.24. The stock has a market capitalization of $37.88 billion, a PE ratio of 80.54, a PEG ratio of 1.41 and a beta of 1.02.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share 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 firm had revenue of $607.49 million for the quarter, compared to the consensus estimate of $598.63 million. During the same quarter last year, the business posted $0.16 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. Equities analysts expect that Cameco Corporation will post 1.34 earnings per share 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.