Philadelphia Financial Management of San Francisco LLC Invests $4.61 Million in Cameco Corporation $CCJ

Philadelphia Financial Management of San Francisco LLC bought a new stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 45,300 shares of the basic materials company’s stock, valued at approximately $4,614,258.

A number of other institutional investors also recently modified their holdings of CCJ. Mcguire Capital Advisors Inc. bought a new position in shares of Cameco during the fourth quarter valued at $28,000. Caitong International Asset Management Co. Ltd raised its position in shares of Cameco by 30,700.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock valued at $28,000 after buying an additional 307 shares in the last quarter. Sterling Capital Management LLC bought a new stake in Cameco during the first quarter valued at about $30,000. Sunbelt Securities Inc. boosted its holdings in Cameco by 928.6% during the third quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock worth $30,000 after buying an additional 325 shares in the last quarter. Finally, Brown Lisle Cummings Inc. lifted its holdings in Cameco by 3,200.0% in the first quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 288 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CCJ shares. Citigroup reiterated a “positive” rating on shares of Cameco in a report on Wednesday, July 15th. Scotiabank reissued an “outperform” rating and issued a $175.00 price target on shares of Cameco in a report on Wednesday, May 6th. Sanford C. Bernstein restated an “outperform” rating and set a $135.00 price objective on shares of Cameco in a report on Monday, June 15th. Truist Financial increased 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. Finally, Barclays lowered their target price on shares of Cameco from $104.00 to $97.00 and set an “equal weight” rating for the company in a report on Tuesday, August 4th. Fourteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Cameco has a consensus rating of “Moderate Buy” and an average price target of $145.68.

Cameco Price Performance

NYSE CCJ traded down $6.26 on Friday, hitting $100.07. 4,190,272 shares of the company were exchanged, compared to its average volume of 3,617,357. The company has a current ratio of 3.06, a quick ratio of 2.10 and a debt-to-equity ratio of 0.14. The company has a market cap of $43.58 billion, a P/E ratio of 169.61, a P/E/G ratio of 1.84 and a beta of 1.05. Cameco Corporation has a 1-year low of $73.20 and a 1-year high of $135.24. The firm has a 50 day moving average of $96.13 and a two-hundred day moving average of $107.12.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Friday, July 31st. The basic materials company reported $0.13 EPS 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 the consensus estimate of $579.60 million. Cameco had a net margin of 10.20% and a return on equity of 7.59%. The company’s quarterly revenue was down 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 EPS. On average, equities analysts predict that Cameco Corporation will post 1.27 EPS for the current year.

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.