Guardian Partners Inc. Purchases 8,451 Shares of Cameco Corporation $CCJ

Guardian Partners Inc. raised its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 34.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,751 shares of the basic materials company’s stock after acquiring an additional 8,451 shares during the quarter. Guardian Partners Inc.’s holdings in Cameco were worth $3,551,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Clearstead Advisors LLC raised its holdings in shares of Cameco by 0.8% in the 4th quarter. Clearstead Advisors LLC now owns 10,158 shares of the basic materials company’s stock valued at $929,000 after purchasing an additional 85 shares during the period. Legacy Bridge LLC lifted its stake in Cameco by 0.9% in the 4th quarter. Legacy Bridge LLC now owns 11,508 shares of the basic materials company’s stock valued at $1,053,000 after purchasing an additional 100 shares during the last quarter. HB Wealth Management LLC grew its holdings in Cameco by 3.1% during the first quarter. HB Wealth Management LLC now owns 3,560 shares of the basic materials company’s stock worth $387,000 after purchasing an additional 107 shares during the period. Groupama Asset Managment grew its holdings in Cameco by 5.9% during the fourth quarter. Groupama Asset Managment now owns 1,928 shares of the basic materials company’s stock worth $176,000 after purchasing an additional 108 shares during the period. Finally, S.A. Mason LLC increased its position in Cameco by 4.8% during the fourth quarter. S.A. Mason LLC now owns 2,436 shares of the basic materials company’s stock worth $223,000 after buying an additional 111 shares during the last quarter. Institutional investors own 70.21% of the company’s stock.

Cameco Stock Performance

CCJ opened at $86.98 on Wednesday. The business has a fifty day simple moving average of $100.56 and a 200 day simple moving average of $110.37. The company has a market capitalization of $37.88 billion, a PE ratio of 80.54, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02. Cameco Corporation has a 1 year low of $68.96 and a 1 year high of $135.24. 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 issued its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The firm had revenue of $607.49 million for the quarter, compared to analyst estimates of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.16 EPS. Research analysts expect that Cameco Corporation will post 1.34 EPS for the current year.

Analyst Upgrades and Downgrades

CCJ has been the topic of several research analyst reports. Barclays dropped their price objective on Cameco from $108.00 to $104.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 15th. William Blair started coverage on Cameco in a research note on Monday, April 20th. They set an “outperform” rating for the company. Citigroup reissued a “positive” rating on shares of Cameco in a report on Wednesday, July 15th. Scotiabank restated an “outperform” rating and issued a $175.00 price target on shares of Cameco in a research note on Wednesday, May 6th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $135.00 price target on shares of Cameco in a report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $146.18.

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.