Rathbones Group PLC Raises Stake in Cameco Corporation $CCJ

Rathbones Group PLC grew its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 7.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 560,250 shares of the basic materials company’s stock after purchasing an additional 40,048 shares during the quarter. Rathbones Group PLC’s holdings in Cameco were worth $51,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sowell Financial Services LLC raised its position in shares of Cameco by 52.2% during the 4th quarter. Sowell Financial Services LLC now owns 15,256 shares of the basic materials company’s stock valued at $1,396,000 after purchasing an additional 5,234 shares during the period. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new position in Cameco in the 4th quarter worth $1,974,000. Signaturefd LLC increased its stake in Cameco by 12.1% in the 4th quarter. Signaturefd LLC now owns 9,447 shares of the basic materials company’s stock worth $864,000 after buying an additional 1,017 shares in the last quarter. Princeton Global Asset Management LLC raised its holdings in Cameco by 29.8% during the fourth quarter. Princeton Global Asset Management LLC now owns 1,980 shares of the basic materials company’s stock valued at $181,000 after acquiring an additional 455 shares during the period. Finally, Rainier Family Wealth Inc. raised its holdings in Cameco by 3.2% during the fourth quarter. Rainier Family Wealth Inc. now owns 35,610 shares of the basic materials company’s stock valued at $3,258,000 after acquiring an additional 1,102 shares during the period. 70.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CCJ has been the subject of a number of recent analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $131.00 price objective on shares of Cameco in a research note on Wednesday, February 4th. Canadian Imperial Bank of Commerce boosted their price target on Cameco to $202.00 in a report on Monday, March 9th. TD Securities downgraded Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Weiss Ratings raised shares of Cameco from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Finally, Glj Research reiterated a “buy” rating and set a $171.20 price objective (up from $100.00) on shares of Cameco in a research report on Wednesday, February 18th. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cameco has a consensus rating of “Moderate Buy” and an average target price of $150.40.

Cameco Stock Performance

NYSE:CCJ opened at $112.52 on Monday. The stock’s fifty day moving average is $115.35 and its 200 day moving average is $101.03. Cameco Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $135.24. The firm has a market capitalization of $49.01 billion, a PE ratio of 116.00 and a beta of 1.02. 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 data 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 net margin of 17.00% and a return on equity of 9.35%. The company had revenue of $874.57 million during the quarter, compared to analyst estimates of $782.13 million. During the same period in the previous year, the firm earned $0.36 earnings per share. Cameco’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current 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.