Caldwell Investment Management Ltd. Has $3.74 Million Stake in Cameco Corporation $CCJ

Caldwell Investment Management Ltd. lifted its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 30.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 41,000 shares of the basic materials company’s stock after purchasing an additional 9,500 shares during the period. Cameco accounts for 2.3% of Caldwell Investment Management Ltd.’s holdings, making the stock its 9th biggest position. Caldwell Investment Management Ltd.’s holdings in Cameco were worth $3,744,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CCJ. Norges Bank purchased a new stake in Cameco during the fourth quarter valued at approximately $443,265,000. TD Asset Management Inc increased its holdings in Cameco by 116.7% during the third quarter. TD Asset Management Inc now owns 4,622,932 shares of the basic materials company’s stock valued at $388,068,000 after buying an additional 2,489,207 shares during the last quarter. Van ECK Associates Corp increased its holdings in Cameco by 43.3% during the third quarter. Van ECK Associates Corp now owns 5,443,807 shares of the basic materials company’s stock valued at $456,530,000 after buying an additional 1,644,061 shares during the last quarter. Mizuho Markets Cayman LP purchased a new stake in Cameco during the third quarter valued at approximately $128,370,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Cameco by 14,338.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,112,080 shares of the basic materials company’s stock valued at $101,744,000 after buying an additional 1,104,378 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on CCJ shares. Royal Bank Of Canada upped their target price on shares of Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. Canadian Imperial Bank of Commerce upped their target price on shares of Cameco to $202.00 in a report on Monday, March 9th. William Blair started coverage on shares of Cameco in a report on Monday, April 20th. They set an “outperform” rating for the company. Zacks Research cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Finally, Weiss Ratings cut shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Cameco presently has a consensus rating of “Moderate Buy” and an average price target of $148.62.

Cameco Stock Performance

CCJ opened at $102.10 on Wednesday. The firm has a market cap of $44.47 billion, a P/E ratio of 94.54, a PEG ratio of 1.79 and a beta of 0.99. Cameco Corporation has a 1-year low of $62.59 and a 1-year high of $135.24. The company has a 50 day simple moving average of $113.68 and a two-hundred day simple moving average of $108.92. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.08 and a quick ratio of 2.09.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. The business had revenue of $607.49 million during the quarter, compared to analyst estimates of $598.63 million. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The company’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.16 earnings per share. Equities analysts forecast that Cameco Corporation will post 1.31 earnings per share for the current fiscal 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.