235,661 Shares in Cameco Corporation $CCJ Acquired by W1M Asset Management Ltd

W1M Asset Management Ltd acquired a new position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 235,661 shares of the basic materials company’s stock, valued at approximately $24,003,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Cameco by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 18,059,335 shares of the basic materials company’s stock worth $1,653,639,000 after acquiring an additional 258,193 shares in the last quarter. Capital World Investors raised its stake in Cameco by 0.3% in the fourth quarter. Capital World Investors now owns 13,545,354 shares of the basic materials company’s stock worth $1,240,047,000 after buying an additional 41,430 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Cameco by 15.6% during the fourth quarter. Van ECK Associates Corp now owns 6,292,995 shares of the basic materials company’s stock worth $575,771,000 after buying an additional 849,188 shares during the period. Morgan Stanley boosted its position in Cameco by 7.0% during the 4th quarter. Morgan Stanley now owns 4,978,333 shares of the basic materials company’s stock valued at $455,468,000 after acquiring an additional 323,693 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Cameco in the 4th quarter valued at $443,265,000. Institutional investors own 70.21% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on CCJ. Bank of America cut their target price on Cameco from $143.00 to $140.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Wall Street Zen lowered shares of Cameco from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Barclays reduced their price target on Cameco from $104.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 4th. Royal Bank Of Canada boosted their target price on Cameco from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $135.00 price target on shares of Cameco in a report on Monday, June 15th. Fourteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cameco currently has an average rating of “Moderate Buy” and an average target price of $145.68.

Cameco Stock Performance

Shares of CCJ opened at $102.55 on Friday. The stock has a 50-day moving average of $96.21 and a two-hundred day moving average of $107.49. Cameco Corporation has a one year low of $72.75 and a one year high of $135.24. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.10 and a current ratio of 3.06. The stock has a market cap of $44.66 billion, a P/E ratio of 173.81, a P/E/G ratio of 1.75 and a beta of 1.05.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Friday, July 31st. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.13). The firm had revenue of $573.06 million during the quarter, compared to analysts’ expectations of $579.60 million. Cameco had a return on equity of 7.59% and a net margin of 10.20%.The company’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 earnings per share. As a group, research analysts predict that Cameco Corporation will post 1.27 EPS 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.