4,970 Shares in Cameco Corporation $CCJ Bought by World Investment Advisors

World Investment Advisors purchased a new stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,970 shares of the basic materials company’s stock, valued at approximately $455,000.

Several other institutional investors have also added to or reduced their stakes in CCJ. Norges Bank purchased a new position in shares of Cameco in the fourth quarter valued at about $443,265,000. TD Asset Management Inc boosted its holdings in shares of 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 worth $388,068,000 after purchasing an additional 2,489,207 shares during the period. Marshall Wace LLP boosted its holdings in shares of Cameco by 7,481.3% during the fourth quarter. Marshall Wace LLP now owns 1,752,571 shares of the basic materials company’s stock worth $160,343,000 after purchasing an additional 1,729,454 shares during the period. Van ECK Associates Corp grew its stake in shares of 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 last quarter. Finally, Mizuho Markets Cayman LP bought a new stake in shares of Cameco in the third quarter worth about $128,370,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CCJ shares. Weiss Ratings lowered Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $135.00 price objective on shares of Cameco in a research report on Monday, June 15th. Canadian Imperial Bank of Commerce boosted their target price on Cameco to $202.00 in a research note on Monday, March 9th. Scotiabank restated an “outperform” rating and set a $175.00 target price on shares of Cameco in a report on Wednesday, May 6th. Finally, TD Securities lowered Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $147.42.

Cameco Price Performance

Shares of NYSE CCJ opened at $106.47 on Thursday. Cameco Corporation has a 1 year low of $68.96 and a 1 year high of $135.24. The stock has a market capitalization of $46.37 billion, a P/E ratio of 98.59, a P/E/G ratio of 1.99 and a beta of 0.99. The company’s 50-day moving average is $112.05 and its 200 day moving average is $110.27. 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, topping the consensus estimate 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%. Cameco’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business posted $0.16 earnings per share. On average, sell-side analysts expect that Cameco Corporation will post 1.21 earnings per share for the current year.

Cameco Company 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.