Tacita Capital Inc Buys 5,167 Shares of Cameco Corporation $CCJ

Tacita Capital Inc raised its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 738.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,867 shares of the basic materials company’s stock after acquiring an additional 5,167 shares during the period. Tacita Capital Inc’s holdings in Cameco were worth $538,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CCJ. Nisa Investment Advisors LLC bought a new position in Cameco during the 4th quarter valued at $25,000. Founders Capital Management bought a new position in Cameco during the 4th quarter valued at $27,000. Strategic Advocates LLC bought a new position in Cameco during the 3rd quarter valued at $28,000. Sunbelt Securities Inc. lifted its stake in Cameco by 928.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 325 shares in the last quarter. Finally, Delos Wealth Advisors LLC lifted its stake in Cameco by 60.0% during the 3rd quarter. Delos Wealth Advisors LLC now owns 400 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 150 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Weiss Ratings cut Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. Barclays assumed coverage on Cameco in a research note on Thursday, May 21st. They set an “equal weight” rating and a $108.00 price objective on the stock. Canadian Imperial Bank of Commerce raised their price objective on Cameco to $202.00 in a research note on Monday, March 9th. TD Securities cut Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Finally, William Blair began coverage on Cameco in a research report on Monday, April 20th. They set an “outperform” rating for the company. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Cameco has a consensus rating of “Moderate Buy” and an average price target of $148.62.

Cameco Trading Down 9.2%

Shares of Cameco stock opened at $103.52 on Friday. Cameco Corporation has a 1 year low of $59.25 and a 1 year high of $135.24. The firm has a market cap of $45.09 billion, a PE ratio of 95.85, a P/E/G ratio of 1.75 and a beta of 0.99. The stock has a fifty day moving average price of $113.70 and a 200-day moving average price of $108.47. 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 announced its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $598.63 million. During the same period last year, the firm posted $0.16 EPS. The business’s revenue was up 7.1% compared to the same quarter last year. Equities research analysts anticipate that Cameco Corporation will post 1.31 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.