Rathbones Group PLC Increases Holdings in Cameco Corporation $CCJ

Rathbones Group PLC grew its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 7.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 560,250 shares of the basic materials company’s stock after acquiring an additional 40,048 shares during the quarter. Rathbones Group PLC owned 0.13% of Cameco worth $51,361,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CCJ shares. Glj Research reiterated a “buy” rating and set a $171.20 price target (up from $100.00) on shares of Cameco in a report on Wednesday, February 18th. Weiss Ratings upgraded shares of Cameco from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. TD Securities downgraded Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Zacks Research lowered Cameco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $131.00 price target on shares of Cameco in a research note on Wednesday, February 4th. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $150.40.

Cameco Trading Down 0.0%

Shares of CCJ stock opened at $112.52 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.47 and a quick ratio of 1.68. The company has a market cap of $49.01 billion, a price-to-earnings ratio of 116.00 and a beta of 1.02. Cameco Corporation has a 1 year low of $35.00 and a 1 year high of $135.24. The firm has a fifty day moving average price of $115.35 and a 200-day moving average price of $101.03.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its 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 company had revenue of $874.57 million for the quarter, compared to analysts’ expectations of $782.13 million. Cameco had a return on equity of 9.35% and a net margin of 17.00%.Cameco’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the firm earned $0.36 EPS. As a group, equities analysts predict that Cameco Corporation will post 1.27 earnings per share for the current year.

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.