Keystone Investors PTE Ltd. Purchases 8,245 Shares of Cameco Corporation $CCJ

Keystone Investors PTE Ltd. increased its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 5.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 157,879 shares of the basic materials company’s stock after purchasing an additional 8,245 shares during the quarter. Cameco makes up 1.3% of Keystone Investors PTE Ltd.’s portfolio, making the stock its 20th largest holding. Keystone Investors PTE Ltd.’s holdings in Cameco were worth $14,444,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Cameco by 1.5% in the fourth 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 period. Capital World Investors lifted its position in Cameco by 0.3% in the fourth quarter. Capital World Investors now owns 13,545,354 shares of the basic materials company’s stock worth $1,240,047,000 after purchasing an additional 41,430 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Cameco by 0.7% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,973,799 shares of the basic materials company’s stock worth $1,089,080,000 after purchasing an additional 85,762 shares during the period. Van ECK Associates Corp lifted its position in Cameco by 43.3% in the third quarter. Van ECK Associates Corp now owns 5,443,807 shares of the basic materials company’s stock worth $456,530,000 after purchasing an additional 1,644,061 shares during the period. Finally, Norges Bank bought a new position in Cameco in the fourth quarter worth $443,265,000. 70.21% of the stock is owned by institutional investors.

Cameco Stock Up 2.0%

Shares of NYSE CCJ opened at $100.94 on Friday. The stock has a market cap of $43.96 billion, a PE ratio of 93.47, a PEG ratio of 1.68 and a beta of 0.99. The business has a fifty day moving average of $113.12 and a two-hundred day moving average of $109.09. Cameco Corporation has a 52-week low of $64.84 and a 52-week high of $135.24. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.09 and a current ratio of 3.08.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The company had revenue of $607.49 million during 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 business’s revenue was up 7.1% on a year-over-year basis. During the same period last year, the business earned $0.16 earnings per share. As a group, equities research analysts expect that Cameco Corporation will post 1.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CCJ shares. Canadian Imperial Bank of Commerce raised their target price on Cameco to $202.00 in a research report on Monday, March 9th. Scotiabank reissued an “outperform” rating and set a $175.00 price objective on shares of Cameco in a report on Wednesday, May 6th. Royal Bank Of Canada lifted their price objective on Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. William Blair initiated coverage on Cameco in a report on Monday, April 20th. They set an “outperform” rating for the company. Finally, Zacks Research cut Cameco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $148.62.

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.