Cameco Corporation $CCJ Stake Boosted by Intech Investment Management LLC

Intech Investment Management LLC raised its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 3.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 500,699 shares of the basic materials company’s stock after buying an additional 18,261 shares during the quarter. Intech Investment Management LLC owned 0.11% of Cameco worth $42,031,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Cameco by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 17,801,142 shares of the basic materials company’s stock worth $1,493,978,000 after purchasing an additional 235,613 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Cameco by 41.4% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,076,815 shares of the basic materials company’s stock valued at $524,988,000 after purchasing an additional 2,071,373 shares during the period. TD Asset Management Inc lifted its holdings in shares of Cameco by 116.7% in the third quarter. TD Asset Management Inc now owns 4,622,932 shares of the basic materials company’s stock valued at $388,068,000 after purchasing an additional 2,489,207 shares in the last quarter. Norges Bank purchased a new stake in shares of Cameco in the second quarter valued at $341,736,000. Finally, Geode Capital Management LLC boosted its position in shares of Cameco by 20.7% in the second quarter. Geode Capital Management LLC now owns 3,372,878 shares of the basic materials company’s stock worth $250,797,000 after buying an additional 578,393 shares during the period. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Stock Down 1.2%

CCJ opened at $119.66 on Thursday. The company has a market capitalization of $52.11 billion, a PE ratio of 123.36 and a beta of 0.99. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.47 and a quick ratio of 1.68. Cameco Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $135.24. The business has a 50-day moving average of $110.73 and a 200-day moving average of $94.30.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Friday, February 13th. The basic materials company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.29 by $0.07. Cameco had a return on equity of 9.35% and a net margin of 17.00%.The business had revenue of $874.57 million during the quarter, compared to analysts’ expectations of $782.13 million. During the same quarter in the previous year, the business posted $0.36 EPS. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. Equities research analysts forecast that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CCJ. The Goldman Sachs Group reissued a “buy” rating and set a $131.00 price target on shares of Cameco in a research report on Wednesday, February 4th. Sanford C. Bernstein restated an “outperform” rating and set a $147.00 price objective on shares of Cameco in a research report on Thursday, February 5th. Wall Street Zen cut Cameco from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Zacks Research lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Finally, Scotiabank restated an “outperform” rating on shares of Cameco in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Cameco currently has an average rating of “Moderate Buy” and an average target price of $143.03.

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.