Sanctuary Advisors LLC Acquires New Shares in Cameco Corporation $CCJ

Sanctuary Advisors LLC acquired a new position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 25,901 shares of the basic materials company’s stock, valued at approximately $2,638,000.

Other large investors have also recently added to or reduced their stakes in the company. Temasek Holdings Private Ltd acquired a new stake in shares of Cameco in the first quarter valued at approximately $70,851,000. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Cameco by 35.2% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 535,743 shares of the basic materials company’s stock worth $58,187,000 after buying an additional 139,592 shares during the period. WCM Investment Management LLC acquired a new position in shares of Cameco during the first quarter worth approximately $35,342,000. Amova Asset Management Americas Inc. grew its holdings in Cameco by 37.7% in the 1st quarter. Amova Asset Management Americas Inc. now owns 522,864 shares of the basic materials company’s stock worth $56,788,000 after buying an additional 143,113 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in Cameco by 102.3% in the 1st quarter. Janus Henderson Group PLC now owns 155,427 shares of the basic materials company’s stock valued at $16,883,000 after acquiring an additional 78,609 shares during the period. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Trading Up 4.7%

Shares of NYSE CCJ opened at $107.03 on Wednesday. Cameco Corporation has a 12 month low of $73.20 and a 12 month high of $135.24. The company has a market cap of $46.61 billion, a price-to-earnings ratio of 181.40, a P/E/G ratio of 1.75 and a beta of 1.05. The company has a quick ratio of 2.10, a current ratio of 3.06 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $96.10 and a 200-day simple moving average of $107.18.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Friday, July 31st. The basic materials company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.13). The company had revenue of $573.06 million during the quarter, compared to analyst estimates of $579.60 million. Cameco had a net margin of 10.20% and a return on equity of 7.59%. The company’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.71 EPS. Sell-side analysts predict that Cameco Corporation will post 1.27 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Truist Financial upped their price target on shares of Cameco from $129.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $135.00 price objective on shares of Cameco in a research note on Monday, June 15th. Wall Street Zen downgraded shares of Cameco from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Barclays cut their target price on shares of Cameco from $104.00 to $97.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 4th. Finally, Weiss Ratings cut shares of Cameco from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. Fourteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $145.68.

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.