Rainier Family Wealth Inc. Has $4.60 Million Holdings in Cameco Corporation $CCJ

Rainier Family Wealth Inc. raised its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 19.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 42,369 shares of the basic materials company’s stock after buying an additional 6,759 shares during the period. Cameco accounts for 3.1% of Rainier Family Wealth Inc.’s holdings, making the stock its 7th largest holding. Rainier Family Wealth Inc.’s holdings in Cameco were worth $4,602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Birch Financial Group LLC lifted its stake in shares of Cameco by 131.5% during the 1st quarter. Birch Financial Group LLC now owns 10,767 shares of the basic materials company’s stock worth $1,169,000 after buying an additional 6,117 shares during the last quarter. PKO Investment Management Joint Stock Co grew its stake in Cameco by 39.5% in the 1st quarter. PKO Investment Management Joint Stock Co now owns 17,300 shares of the basic materials company’s stock valued at $1,877,000 after buying an additional 4,900 shares during the last quarter. Terra Nova Asset Management LLC raised its holdings in Cameco by 3.0% in the 1st quarter. Terra Nova Asset Management LLC now owns 37,598 shares of the basic materials company’s stock valued at $4,084,000 after acquiring an additional 1,079 shares during the period. Connective Portfolio Management LLC bought a new position in Cameco in the 1st quarter valued at about $1,008,000. Finally, McAlvany Wealth Management LLC acquired a new stake in Cameco during the fourth quarter worth approximately $812,000. 70.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CCJ shares. Weiss Ratings cut Cameco from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Barclays initiated coverage on Cameco in a research note on Thursday, May 21st. They set an “equal weight” rating and a $108.00 target price on the stock. TD Securities cut Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. William Blair began coverage on Cameco in a research note on Monday, April 20th. They issued an “outperform” rating for the company. Finally, Scotiabank reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of Cameco in a report on Wednesday, May 6th. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $147.42.

Cameco Stock Performance

NYSE CCJ opened at $107.08 on Tuesday. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $46.64 billion, a P/E ratio of 99.15, a P/E/G ratio of 1.94 and a beta of 0.99. Cameco Corporation has a 12-month low of $67.60 and a 12-month high of $135.24. The firm has a 50-day moving average price of $112.40 and a two-hundred day moving average price of $110.05.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its 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. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The firm had revenue of $607.49 million for the quarter, compared to analyst estimates of $598.63 million. During the same quarter in the prior year, the business posted $0.16 EPS. The business’s revenue was up 7.1% compared to the same quarter last year. Analysts anticipate that Cameco Corporation will post 1.21 earnings per share for the current year.

Cameco 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.