Cameco Corporation $CCJ Shares Purchased by Greenwich Wealth Management LLC

Greenwich Wealth Management LLC boosted its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 237,048 shares of the basic materials company’s stock after buying an additional 12,054 shares during the period. Cameco accounts for approximately 1.0% of Greenwich Wealth Management LLC’s investment portfolio, making the stock its 22nd largest holding. Greenwich Wealth Management LLC owned 0.05% of Cameco worth $21,688,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CCJ. Norges Bank acquired a new position in shares of Cameco during the fourth quarter valued at $443,265,000. TD Asset Management Inc increased its holdings in shares of Cameco by 116.7% during 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 during the period. Van ECK Associates Corp increased its holdings in shares of 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 valued at $456,530,000 after purchasing an additional 1,644,061 shares during the period. Mizuho Markets Cayman LP acquired a new position in shares of Cameco during the third quarter valued at $128,370,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Cameco by 14,338.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,112,080 shares of the basic materials company’s stock valued at $101,744,000 after purchasing an additional 1,104,378 shares during the period. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Trading Up 7.1%

NYSE:CCJ opened at $120.56 on Wednesday. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14. Cameco Corporation has a 1-year low of $58.91 and a 1-year high of $135.24. The firm has a market capitalization of $52.51 billion, a price-to-earnings ratio of 111.63, a price-to-earnings-growth ratio of 1.90 and a beta of 0.99. The stock has a fifty day simple moving average of $113.12 and a 200 day simple moving average of $107.90.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $598.63 million. During the same quarter last year, the company posted $0.16 EPS. Cameco’s revenue for the quarter was up 7.1% on a year-over-year basis. Sell-side analysts forecast that Cameco Corporation will post 1.32 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Scotiabank reissued an “outperform” rating and set a $175.00 price target on shares of Cameco in a report on Wednesday, May 6th. Barclays assumed coverage on Cameco in a report on Thursday, May 21st. They set an “equal weight” rating and a $108.00 price target on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $131.00 price target on shares of Cameco in a report on Wednesday, February 4th. TD Securities lowered Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $147.00 target price on shares of Cameco in a report on Thursday, February 5th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $148.62.

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.