Cameco Corporation $CCJ Shares Purchased by KADENSA CAPITAL Ltd

KADENSA CAPITAL Ltd boosted its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 3,244.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,929 shares of the basic materials company’s stock after buying an additional 109,552 shares during the quarter. KADENSA CAPITAL Ltd’s holdings in Cameco were worth $9,470,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Financial Consulate Inc. purchased a new position in shares of Cameco in the third quarter valued at approximately $25,000. Armstrong Advisory Group Inc. boosted its stake in shares of Cameco by 110.3% in the third quarter. Armstrong Advisory Group Inc. now owns 347 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 182 shares during the last quarter. Delos Wealth Advisors LLC increased its position in shares of Cameco by 60.0% during the third quarter. Delos Wealth Advisors LLC now owns 400 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 150 shares in the last quarter. VSM Wealth Advisory LLC acquired a new position in Cameco in the 2nd quarter valued at $35,000. Finally, Cullen Frost Bankers Inc. acquired a new position in Cameco in the 3rd quarter valued at $37,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CCJ has been the topic of several recent research reports. Royal Bank Of Canada lifted their target price on shares of Cameco from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Canadian Imperial Bank of Commerce increased their target price on shares of Cameco to $202.00 in a research report on Monday, March 9th. Weiss Ratings raised shares of Cameco from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Sanford C. Bernstein restated an “outperform” rating and set a $147.00 price target on shares of Cameco in a research report on Thursday, February 5th. Finally, Zacks Research cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Thirteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $150.40.

Cameco Stock Down 6.4%

Shares of NYSE:CCJ opened at $107.92 on Monday. Cameco Corporation has a 52-week low of $35.00 and a 52-week high of $135.24. The stock has a market cap of $47.00 billion, a P/E ratio of 111.26 and a beta of 0.98. The business has a fifty day moving average of $116.55 and a two-hundred day moving average of $97.94. The company has a quick ratio of 1.68, a current ratio of 2.47 and a debt-to-equity ratio of 0.14.

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

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.