22,467 Shares in Cameco Corporation $CCJ Bought by Waratah Capital Advisors Ltd.

Waratah Capital Advisors Ltd. purchased a new stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 22,467 shares of the basic materials company’s stock, valued at approximately $1,884,000.

Other institutional investors have also recently bought and sold shares of the company. Abbington Investment Group bought a new stake in shares of Cameco during the third quarter worth about $6,506,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Cameco by 79.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 249,992 shares of the basic materials company’s stock valued at $20,964,000 after purchasing an additional 110,629 shares during the last quarter. Nwam LLC increased its holdings in Cameco by 11.7% during the 2nd quarter. Nwam LLC now owns 81,129 shares of the basic materials company’s stock worth $6,304,000 after purchasing an additional 8,519 shares in the last quarter. Hillsdale Investment Management Inc. increased its holdings in Cameco by 165.1% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 169,448 shares of the basic materials company’s stock worth $12,593,000 after purchasing an additional 105,523 shares in the last quarter. Finally, NWF Advisory Services Inc. purchased a new stake in shares of Cameco in the third quarter worth approximately $1,996,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Zacks Research cut Cameco from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Weiss Ratings raised shares of Cameco from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday. Royal Bank Of Canada upped their target price on shares of Cameco from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Sanford C. Bernstein reissued an “outperform” rating and set a $147.00 price target on shares of Cameco in a research report on Thursday, February 5th. Finally, UBS Group initiated coverage on shares of Cameco in a research report on Monday, November 10th. They issued a “neutral” rating and a $140.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $143.03.

Cameco Price Performance

CCJ opened at $120.92 on Wednesday. Cameco Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $135.24. The firm has a 50-day moving average of $110.04 and a 200 day moving average of $94.12. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.68 and a current ratio of 2.47. The firm has a market cap of $52.66 billion, a P/E ratio of 124.66 and a beta of 0.99.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Friday, February 13th. The basic materials company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.29 by $0.07. Cameco had a net margin of 17.00% and a return on equity of 9.35%. The business had revenue of $874.57 million for the quarter, compared to analyst estimates of $782.13 million. During the same quarter in the previous year, the firm posted $0.36 earnings per share. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, research analysts expect that Cameco Corporation will post 1.27 EPS 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.