Vanguard Group Inc. Acquires 258,193 Shares of Cameco Corporation $CCJ

Vanguard Group Inc. increased its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 1.5% during the 4th quarter, Holdings Channel reports. The firm owned 18,059,335 shares of the basic materials company’s stock after acquiring an additional 258,193 shares during the period. Vanguard Group Inc.’s holdings in Cameco were worth $1,653,639,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CCJ. Financial Consulate Inc. bought a new stake in shares of Cameco during the 3rd quarter valued at $25,000. Nisa Investment Advisors LLC bought a new stake in shares of Cameco during the 4th quarter valued at $25,000. Founders Capital Management bought a new stake in shares of Cameco during the 4th quarter valued at $27,000. Strategic Advocates LLC bought a new stake in shares of Cameco during the 3rd quarter valued at $28,000. Finally, Sunbelt Securities Inc. raised its position in shares of 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 purchasing an additional 325 shares during the period. 70.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Glj Research restated a “buy” rating and set a $171.20 price objective (up from $100.00) on shares of Cameco in a research report on Wednesday, February 18th. Canadian Imperial Bank of Commerce raised their price objective on Cameco to $202.00 in a research note on Monday, March 9th. Zacks Research lowered Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. TD Securities lowered Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $147.00 price objective on shares of Cameco in a research note on Thursday, February 5th. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $150.40.

Cameco Price Performance

CCJ stock opened at $123.08 on Friday. Cameco Corporation has a 12 month low of $44.52 and a 12 month high of $135.24. The company has a current ratio of 2.47, a quick ratio of 1.68 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average price of $114.95 and a 200 day moving average price of $105.19. The stock has a market cap of $53.61 billion, a PE ratio of 126.89, a P/E/G ratio of 2.11 and a beta of 1.02.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Friday, February 13th. The basic materials company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07. Cameco had a net margin of 17.00% and a return on equity of 9.35%. The firm had revenue of $874.57 million during the quarter, compared to analysts’ expectations of $782.13 million. During the same period in the previous year, the company earned $0.36 EPS. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. Equities research analysts anticipate that Cameco Corporation will post 1.2 earnings per share for the current year.

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.