K.J. Harrison & Partners Inc Increases Stake in Cameco Corporation $CCJ

K.J. Harrison & Partners Inc increased its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 75.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,807 shares of the basic materials company’s stock after buying an additional 5,500 shares during the period. K.J. Harrison & Partners Inc’s holdings in Cameco were worth $1,390,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Sterling Capital Management LLC acquired a new position in Cameco during the 1st quarter worth approximately $30,000. Nisa Investment Advisors LLC acquired a new stake in shares of Cameco in the 4th quarter valued at $25,000. Brown Lisle Cummings Inc. raised its holdings in shares of Cameco by 3,200.0% in the 1st quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 288 shares in the last quarter. Founders Capital Management purchased a new stake in shares of Cameco during the 4th quarter worth $27,000. Finally, Mcguire Capital Advisors Inc. purchased a new stake in shares of Cameco during the 4th quarter worth $28,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CCJ. Scotiabank reiterated an “outperform” rating and set a $175.00 target price on shares of Cameco in a research note on Wednesday, May 6th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $135.00 price target on shares of Cameco in a report on Monday, June 15th. William Blair started coverage on Cameco in a report on Monday, April 20th. They set an “outperform” rating for the company. Barclays assumed coverage on Cameco in a research report on Thursday, May 21st. They set an “equal weight” rating and a $108.00 price objective for the company. Finally, Canadian Imperial Bank of Commerce increased their price target on shares of Cameco to $202.00 in a research note on Monday, March 9th. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $148.92.

Cameco Stock Performance

Shares of CCJ stock opened at $96.36 on Friday. The stock’s 50-day moving average price is $109.26 and its 200 day moving average price is $110.53. 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 stock has a market capitalization of $41.97 billion, a PE ratio of 89.22, a price-to-earnings-growth ratio of 1.76 and a beta of 1.02. Cameco Corporation has a 52-week low of $68.96 and a 52-week high of $135.24.

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