Ardsley Advisory Partners LP Purchases 25,000 Shares of Cameco Corporation $CCJ

Ardsley Advisory Partners LP lifted its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 250.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,000 shares of the basic materials company’s stock after buying an additional 25,000 shares during the period. Ardsley Advisory Partners LP’s holdings in Cameco were worth $3,202,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Cameco in the fourth quarter valued at approximately $443,265,000. TD Asset Management Inc grew its holdings in shares of Cameco by 116.7% in the 3rd quarter. TD Asset Management Inc now owns 4,622,932 shares of the basic materials company’s stock valued at $388,068,000 after acquiring an additional 2,489,207 shares in the last quarter. Marshall Wace LLP grew its holdings in Cameco by 7,481.3% during the fourth quarter. Marshall Wace LLP now owns 1,752,571 shares of the basic materials company’s stock worth $160,343,000 after purchasing an additional 1,729,454 shares during the period. Van ECK Associates Corp grew its holdings in Cameco by 43.3% during the third quarter. Van ECK Associates Corp now owns 5,443,807 shares of the basic materials company’s stock worth $456,530,000 after purchasing an additional 1,644,061 shares during the period. Finally, Mizuho Markets Cayman LP acquired a new stake in shares of Cameco during the 3rd quarter worth about $128,370,000. Institutional investors own 70.21% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on CCJ shares. Zacks Research downgraded shares of Cameco from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Barclays initiated coverage on shares of Cameco in a research report on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 price target for the company. Weiss Ratings downgraded shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $135.00 target price on shares of Cameco in a research note on Monday. Finally, TD Securities cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Cameco has an average rating of “Moderate Buy” and an average price target of $147.42.

Cameco Stock Performance

Shares of CCJ opened at $105.70 on Thursday. The company has a current ratio of 3.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $46.04 billion, a P/E ratio of 97.87, a price-to-earnings-growth ratio of 1.97 and a beta of 0.99. The firm’s fifty day simple moving average is $112.82 and its two-hundred day simple moving average is $109.66. Cameco Corporation has a 12 month low of $67.60 and a 12 month high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. The firm had revenue of $607.49 million for the quarter, compared to analysts’ expectations of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.16 EPS. As a group, analysts predict that Cameco Corporation will post 1.21 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.