World Investment Advisors Invests $455,000 in Cameco Corporation $CCJ

World Investment Advisors acquired a new position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 4,970 shares of the basic materials company’s stock, valued at approximately $455,000.

Several other institutional investors have also modified their holdings of the stock. Legacy Bridge LLC lifted its position in shares of Cameco by 0.9% during the 4th quarter. Legacy Bridge LLC now owns 11,508 shares of the basic materials company’s stock worth $1,053,000 after buying an additional 100 shares during the last quarter. S.A. Mason LLC lifted its position in shares of Cameco by 4.8% during the 4th quarter. S.A. Mason LLC now owns 2,436 shares of the basic materials company’s stock worth $223,000 after buying an additional 111 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Cameco by 19.9% during the 4th quarter. GAMMA Investing LLC now owns 676 shares of the basic materials company’s stock worth $62,000 after buying an additional 112 shares during the last quarter. Midwest Trust Co lifted its position in shares of Cameco by 4.8% during the 4th quarter. Midwest Trust Co now owns 2,522 shares of the basic materials company’s stock worth $231,000 after buying an additional 116 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of Cameco by 3.1% during the 3rd quarter. International Assets Investment Management LLC now owns 3,938 shares of the basic materials company’s stock worth $330,000 after buying an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Zacks Research downgraded shares of Cameco from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Scotiabank restated an “outperform” rating and set a $175.00 price objective on shares of Cameco in a research report on Wednesday, May 6th. Weiss Ratings downgraded shares of Cameco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. William Blair initiated coverage on shares of Cameco in a research report on Monday, April 20th. They issued an “outperform” rating for the company. Finally, Canadian Imperial Bank of Commerce upped their price target on shares of Cameco to $202.00 in a research report on Monday, March 9th. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Cameco currently has an average rating of “Moderate Buy” and a consensus price target of $153.13.

Cameco Stock Up 0.5%

CCJ stock opened at $104.00 on Thursday. The company has a fifty day moving average price of $113.71 and a 200 day moving average price of $107.18. Cameco Corporation has a 12 month low of $51.70 and a 12 month high of $135.24. The company has a market cap of $45.30 billion, a price-to-earnings ratio of 96.30, a price-to-earnings-growth ratio of 1.75 and a beta of 1.04. 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 quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. The company had revenue of $607.49 million during the quarter, compared to the consensus estimate of $598.63 million. Cameco had a net margin of 18.38% and a return on equity of 11.05%. Cameco’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.16 EPS. Sell-side analysts expect that Cameco Corporation will post 1.32 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.