Keystone Investors PTE Ltd. Invests $12.55 Million in Cameco Corporation $CCJ

Keystone Investors PTE Ltd. bought a new position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 149,634 shares of the basic materials company’s stock, valued at approximately $12,548,000. Cameco accounts for approximately 1.5% of Keystone Investors PTE Ltd.’s holdings, making the stock its 18th biggest position.

Other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC lifted its holdings in shares of Cameco by 3.1% during the third quarter. International Assets Investment Management LLC now owns 3,938 shares of the basic materials company’s stock valued at $330,000 after acquiring an additional 120 shares during the period. Lee Johnson Capital Management LLC grew its stake in Cameco by 1.2% during the third quarter. Lee Johnson Capital Management LLC now owns 10,770 shares of the basic materials company’s stock worth $903,000 after buying an additional 127 shares during the last quarter. Wealth Alliance LLC increased its holdings in shares of Cameco by 1.6% during the second quarter. Wealth Alliance LLC now owns 10,036 shares of the basic materials company’s stock worth $745,000 after buying an additional 154 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Cameco by 11.2% in the third quarter. Versant Capital Management Inc now owns 1,590 shares of the basic materials company’s stock valued at $133,000 after acquiring an additional 160 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of Cameco by 4.4% in the third quarter. Oppenheimer Asset Management Inc. now owns 3,758 shares of the basic materials company’s stock valued at $315,000 after acquiring an additional 160 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Performance

Shares of NYSE:CCJ opened at $118.36 on Friday. The company has a current ratio of 2.47, a quick ratio of 1.68 and a debt-to-equity ratio of 0.14. Cameco Corporation has a 1-year low of $35.00 and a 1-year high of $135.24. The stock has a market capitalization of $51.55 billion, a P/E ratio of 122.02 and a beta of 0.99. The business has a 50-day moving average price of $111.91 and a two-hundred day moving average price of $94.75.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results 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 company had revenue of $874.57 million during the quarter, compared to analysts’ expectations of $782.13 million. During the same quarter in the previous year, the company earned $0.36 EPS. Cameco’s revenue was up 1.5% on a year-over-year basis. Equities analysts predict that Cameco Corporation will post 1.27 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on CCJ. Royal Bank Of Canada raised their price target on Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. The Goldman Sachs Group restated a “buy” rating and issued a $131.00 target price on shares of Cameco in a research note on Wednesday, February 4th. Weiss Ratings raised Cameco from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday. Raymond James Financial reissued an “outperform” rating on shares of Cameco in a report on Wednesday, January 14th. Finally, UBS Group began 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 research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Cameco presently has an average rating of “Moderate Buy” and an average price target of $143.03.

About Cameco

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.