Regal Partners Ltd Has $37.53 Million Holdings in Cameco Corporation $CCJ

Regal Partners Ltd grew its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 291.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 447,582 shares of the basic materials company’s stock after acquiring an additional 333,279 shares during the period. Cameco accounts for about 2.7% of Regal Partners Ltd’s investment portfolio, making the stock its 13th biggest position. Regal Partners Ltd’s holdings in Cameco were worth $37,534,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Financial Consulate Inc. bought a new stake in shares of Cameco during the third quarter valued at approximately $25,000. Armstrong Advisory Group Inc. raised its position in Cameco by 110.3% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 347 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 182 shares during the last quarter. VSM Wealth Advisory LLC bought a new position in Cameco in the 2nd quarter worth approximately $35,000. Cullen Frost Bankers Inc. acquired a new position in Cameco during the 3rd quarter worth $37,000. Finally, Tobam lifted its holdings in Cameco by 389.1% during the 3rd quarter. Tobam now owns 450 shares of the basic materials company’s stock worth $38,000 after buying an additional 358 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Price Performance

CCJ opened at $109.77 on Friday. The company has a fifty day moving average price of $114.36 and a two-hundred day moving average price of $96.33. The firm has a market capitalization of $47.81 billion, a PE ratio of 113.16 and a beta of 0.98. Cameco Corporation has a 52 week low of $35.00 and a 52 week high of $135.24. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.68 and a current ratio of 2.47.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Friday, February 13th. The basic materials company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. Cameco had a return on equity of 9.35% and a net margin of 17.00%.The company had revenue of $874.57 million for the quarter, compared to the consensus estimate of $782.13 million. During the same quarter in the prior year, the business posted $0.36 EPS. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CCJ has been the topic of a number of recent research reports. Glj Research reiterated a “buy” rating and issued a $171.20 price objective (up from $100.00) on shares of Cameco in a research report on Wednesday, February 18th. Wall Street Zen lowered Cameco from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings upgraded Cameco from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Raymond James Financial reiterated an “outperform” rating on shares of Cameco in a research report on Wednesday, January 14th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $131.00 price objective on shares of Cameco in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cameco has a consensus rating of “Moderate Buy” and a consensus target price of $143.03.

Cameco Company 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.