Capital Wealth Planning LLC Has $9.18 Million Stock Position in Cameco Corporation $CCJ

Capital Wealth Planning LLC lowered its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 15.2% in the third quarter, HoldingsChannel reports. The fund owned 109,518 shares of the basic materials company’s stock after selling 19,612 shares during the period. Capital Wealth Planning LLC’s holdings in Cameco were worth $9,184,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CCJ. Abbington Investment Group bought a new stake in shares of Cameco during the third quarter worth approximately $6,506,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Cameco by 79.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 249,992 shares of the basic materials company’s stock valued at $20,964,000 after acquiring an additional 110,629 shares during the last quarter. Hillsdale Investment Management Inc. grew its holdings in Cameco by 165.1% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 169,448 shares of the basic materials company’s stock worth $12,593,000 after acquiring an additional 105,523 shares during the period. NWF Advisory Services Inc. acquired a new stake in Cameco during the 3rd quarter worth $1,996,000. Finally, Thames Capital Management LLC raised its position in shares of Cameco by 66.8% during the 3rd quarter. Thames Capital Management LLC now owns 107,062 shares of the basic materials company’s stock valued at $8,978,000 after acquiring an additional 42,879 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Price Performance

Shares of CCJ stock opened at $107.92 on Friday. 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 Corporation has a 12-month low of $35.00 and a 12-month high of $135.24. The firm has a fifty day moving average of $116.55 and a 200-day moving average of $97.63. The firm has a market capitalization of $47.00 billion, a price-to-earnings ratio of 111.26 and a beta of 0.98.

Cameco (NYSE:CCJ) (TSE:CCO) last issued 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 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 the consensus estimate of $782.13 million. During the same quarter last year, the business posted $0.36 EPS. The firm’s revenue was up 1.5% compared to the same quarter last year. On average, equities research analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CCJ. Sanford C. Bernstein restated an “outperform” rating and issued a $147.00 price target on shares of Cameco in a research report on Thursday, February 5th. Royal Bank Of Canada upped their price objective on Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. Zacks Research lowered Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Raymond James Financial restated an “outperform” rating on shares of Cameco in a report on Wednesday, January 14th. Finally, Canadian Imperial Bank of Commerce boosted their target price on Cameco to $202.00 in a research report on Monday, March 9th. Thirteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Cameco currently has a consensus 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.