World Investment Advisors Buys Shares of 4,970 Cameco Corporation $CCJ

World Investment Advisors bought a new stake in shares of Cameco Corporation (NYSE:CCJ – Free Report) (TSE:CCO) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 4,970 shares of the basic materials company’s stock, valued at approximately $455,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CCJ. Clearstead Advisors LLC lifted its holdings in shares of Cameco by 0.8% during the 4th quarter. Clearstead Advisors LLC now owns 10,158 shares of the basic materials company’s stock worth $929,000 after acquiring an additional 85 shares during the last quarter. Legacy Bridge LLC increased its stake in Cameco by 0.9% in the fourth quarter. Legacy Bridge LLC now owns 11,508 shares of the basic materials company’s stock valued at $1,053,000 after acquiring an additional 100 shares during the last quarter. Groupama Asset Managment raised its position in Cameco by 5.9% during the fourth quarter. Groupama Asset Managment now owns 1,928 shares of the basic materials company’s stock valued at $176,000 after purchasing an additional 108 shares in the last quarter. S.A. Mason LLC raised 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 valued at $223,000 after purchasing an additional 111 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Cameco by 19.9% during the fourth quarter. GAMMA Investing LLC now owns 676 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Stock Performance

NYSE CCJ opened at $106.47 on Thursday. The company has a 50-day simple moving average of $112.05 and a two-hundred day simple moving average of $110.27. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14. Cameco Corporation has a 12-month low of $68.96 and a 12-month high of $135.24. The firm has a market cap of $46.37 billion, a price-to-earnings ratio of 98.59, a PEG ratio of 1.99 and a beta of 0.99.

Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) last released its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, topping 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 firm had revenue of $607.49 million for the quarter, compared to the consensus estimate of $598.63 million. During the same quarter in the previous year, the business earned $0.16 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. On average, equities analysts forecast that Cameco Corporation will post 1.21 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CCJ shares. Barclays initiated coverage on Cameco in a report on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 price objective for the company. Canadian Imperial Bank of Commerce raised their price objective on Cameco to $202.00 in a report on Monday, March 9th. Sanford C. Bernstein restated an “outperform” rating and issued a $135.00 target price on shares of Cameco in a research report on Monday, June 15th. Weiss Ratings lowered Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Finally, William Blair began coverage on shares of Cameco in a research report on Monday, April 20th. They set an “outperform” rating on the stock. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $147.42.

Read Our Latest Stock Report on Cameco

Cameco Profile

(Free Report)

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.

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