Fullerton Fund Management Co Ltd. Buys 222,938 Shares of Cameco Corporation $CCJ

Fullerton Fund Management Co Ltd. lifted its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 33.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 893,999 shares of the basic materials company’s stock after acquiring an additional 222,938 shares during the quarter. Cameco makes up approximately 3.6% of Fullerton Fund Management Co Ltd.’s investment portfolio, making the stock its 10th largest position. Fullerton Fund Management Co Ltd.’s holdings in Cameco were worth $81,792,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Cameco by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 18,059,335 shares of the basic materials company’s stock worth $1,653,639,000 after purchasing an additional 258,193 shares during the last quarter. Capital World Investors raised its holdings in shares of Cameco by 0.3% in the 4th quarter. Capital World Investors now owns 13,545,354 shares of the basic materials company’s stock valued at $1,240,047,000 after purchasing an additional 41,430 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Cameco by 0.7% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,973,799 shares of the basic materials company’s stock valued at $1,089,080,000 after purchasing an additional 85,762 shares during the period. Van ECK Associates Corp raised its holdings in shares of Cameco by 15.6% in the 4th quarter. Van ECK Associates Corp now owns 6,292,995 shares of the basic materials company’s stock valued at $575,771,000 after purchasing an additional 849,188 shares during the period. Finally, Morgan Stanley increased its position in Cameco by 7.0% during the fourth quarter. Morgan Stanley now owns 4,978,333 shares of the basic materials company’s stock worth $455,468,000 after buying an additional 323,693 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Price Performance

Cameco stock opened at $107.86 on Wednesday. Cameco Corporation has a 12 month low of $67.60 and a 12 month high of $135.24. The stock’s 50 day moving average is $112.92 and its 200-day moving average is $109.54. 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 company has a market capitalization of $46.97 billion, a price-to-earnings ratio of 99.87, a PEG ratio of 1.81 and a beta of 0.99.

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CCJ. Zacks Research lowered Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Scotiabank restated an “outperform” rating and issued a $175.00 price objective on shares of Cameco in a research note on Wednesday, May 6th. William Blair began coverage on Cameco in a research note on Monday, April 20th. They issued an “outperform” rating on the stock. 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 research note on Tuesday, February 17th. Finally, Barclays began coverage on Cameco in a research note on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 price objective on the stock. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $147.42.

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.