Rathbones Group PLC Boosts Stock Position in Cameco Corporation $CCJ

Rathbones Group PLC increased its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 7.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 560,250 shares of the basic materials company’s stock after buying an additional 40,048 shares during the period. Rathbones Group PLC owned 0.13% of Cameco worth $51,361,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. IFP Advisors Inc grew its stake in shares of Cameco by 13.7% in the 4th quarter. IFP Advisors Inc now owns 7,865 shares of the basic materials company’s stock worth $720,000 after buying an additional 948 shares during the last quarter. Banque Cantonale Vaudoise grew its stake in shares of Cameco by 82.9% in the 4th quarter. Banque Cantonale Vaudoise now owns 65,625 shares of the basic materials company’s stock worth $6,007,000 after buying an additional 29,751 shares during the last quarter. Cullen Frost Bankers Inc. grew its stake in shares of Cameco by 132.0% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,021 shares of the basic materials company’s stock worth $93,000 after buying an additional 581 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. purchased a new stake in shares of Cameco in the 4th quarter worth approximately $2,196,000. Finally, Creative Financial Designs Inc. ADV grew its stake in shares of Cameco by 102.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 988 shares of the basic materials company’s stock worth $90,000 after buying an additional 501 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Weiss Ratings downgraded Cameco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Canadian Imperial Bank of Commerce upped their price target on Cameco to $202.00 in a research note on Monday, March 9th. Zacks Research downgraded Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. 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. Finally, William Blair assumed coverage on Cameco in a research note on Monday, April 20th. They issued an “outperform” rating on the stock. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Cameco presently has an average rating of “Moderate Buy” and an average price target of $153.13.

Cameco Stock Performance

CCJ stock opened at $104.00 on Thursday. The stock has a market capitalization of $45.30 billion, a PE ratio of 96.30, a price-to-earnings-growth ratio of 1.75 and a beta of 1.04. Cameco Corporation has a 12-month low of $51.70 and a 12-month high of $135.24. The company has a current ratio of 3.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14. The stock’s 50 day simple moving average is $113.71 and its 200 day simple moving average is $107.18.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.05. The business had revenue of $607.49 million for the quarter, compared to analysts’ expectations of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.16 EPS. As a group, research analysts forecast that Cameco Corporation will post 1.32 earnings per share for the current fiscal year.

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.