10,160 Shares in Cameco Corporation $CCJ Bought by Nikulski Financial Inc.

Nikulski Financial Inc. acquired a new position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 10,160 shares of the basic materials company’s stock, valued at approximately $930,000.

A number of other institutional investors have also recently bought and sold shares of the business. Abbington Investment Group purchased a new stake in shares of Cameco during the 3rd quarter worth approximately $6,506,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Cameco by 79.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 249,992 shares of the basic materials company’s stock worth $20,964,000 after purchasing an additional 110,629 shares during the period. NWF Advisory Services Inc. purchased a new position in Cameco in the third quarter valued at approximately $1,996,000. Thames Capital Management LLC grew its holdings in Cameco by 66.8% during the third quarter. Thames Capital Management LLC now owns 107,062 shares of the basic materials company’s stock valued at $8,978,000 after purchasing an additional 42,879 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in Cameco by 7.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,755,802 shares of the basic materials company’s stock valued at $231,102,000 after purchasing an additional 202,279 shares during the period. Institutional investors own 70.21% of the company’s stock.

Cameco Trading Up 5.6%

Shares of CCJ stock opened at $108.57 on Wednesday. The stock has a market capitalization of $47.29 billion, a price-to-earnings ratio of 111.93 and a beta of 0.98. The company’s fifty day simple moving average is $115.98 and its two-hundred day simple moving average is $100.41. Cameco Corporation has a 1 year low of $35.00 and a 1 year high of $135.24. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.47 and a quick ratio of 1.68.

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 analysts’ consensus estimates of $0.29 by $0.07. The firm had revenue of $874.57 million during the quarter, compared to analyst estimates of $782.13 million. Cameco had a return on equity of 9.35% and a net margin of 17.00%.The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the company earned $0.36 earnings per share. As a group, analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

CCJ has been the topic of several research reports. Sanford C. Bernstein restated an “outperform” rating and issued a $147.00 target price on shares of Cameco in a research note on Thursday, February 5th. Canadian Imperial Bank of Commerce increased their price target on Cameco to $202.00 in a research note on Monday, March 9th. Raymond James Financial reissued an “outperform” rating on shares of Cameco in a report on Wednesday, January 14th. TD Securities cut Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Finally, Royal Bank Of Canada upped their price objective on shares of Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Cameco has an average rating of “Moderate Buy” and an average price target of $150.40.

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.