Hamilton Capital LLC Purchases New Stake in Cameco Corporation $CCJ

Hamilton Capital LLC acquired a new position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,565 shares of the basic materials company’s stock, valued at approximately $567,000.

A number of other hedge funds have also recently added to or reduced their stakes in CCJ. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Cameco by 30,700.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock valued at $28,000 after buying an additional 307 shares during the period. Mcguire Capital Advisors Inc. acquired a new stake in Cameco during the fourth quarter worth about $28,000. Sunbelt Securities Inc. raised its stake in Cameco by 928.6% during the third quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 325 shares during the period. Sterling Capital Management LLC bought a new position in Cameco in the first quarter worth about $30,000. Finally, Brown Lisle Cummings Inc. lifted its holdings in Cameco by 3,200.0% in the first quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 288 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Trading Down 0.9%

Cameco stock opened at $106.40 on Friday. Cameco Corporation has a 52-week low of $73.20 and a 52-week high of $135.24. The company has a quick ratio of 2.10, a current ratio of 3.06 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $46.34 billion, a price-to-earnings ratio of 180.34, a PEG ratio of 1.84 and a beta of 1.05. The firm has a 50-day moving average price of $96.13 and a two-hundred day moving average price of $107.12.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Friday, July 31st. The basic materials company reported $0.13 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 analyst estimates of $579.60 million. Cameco had a net margin of 10.20% and a return on equity of 7.59%. Cameco’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 posted $0.71 EPS. Sell-side analysts expect that Cameco Corporation will post 1.27 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on CCJ. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $135.00 target price on shares of Cameco in a report on Monday, June 15th. Truist Financial raised their price target on Cameco from $129.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Citigroup restated a “positive” rating on shares of Cameco in a research report on Wednesday, July 15th. Scotiabank restated an “outperform” rating and set a $175.00 price objective on shares of Cameco in a research note on Wednesday, May 6th. Finally, Royal Bank Of Canada increased their target price on Cameco from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Monday, June 29th. Fourteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $145.68.

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.