Cameco Corporation $CCJ Shares Purchased by Penserra Capital Management LLC

Penserra Capital Management LLC boosted its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 12.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,532 shares of the basic materials company’s stock after acquiring an additional 5,220 shares during the quarter. Penserra Capital Management LLC’s holdings in Cameco were worth $3,901,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. International Assets Investment Management LLC raised its holdings in shares of Cameco by 3.1% in the 3rd quarter. International Assets Investment Management LLC now owns 3,938 shares of the basic materials company’s stock worth $330,000 after purchasing an additional 120 shares in the last quarter. Hager Investment Management Services LLC boosted its holdings in Cameco by 0.4% during the second quarter. Hager Investment Management Services LLC now owns 30,628 shares of the basic materials company’s stock worth $2,274,000 after buying an additional 127 shares in the last quarter. Lee Johnson Capital Management LLC grew its position in Cameco by 1.2% in the third quarter. Lee Johnson Capital Management LLC now owns 10,770 shares of the basic materials company’s stock worth $903,000 after buying an additional 127 shares during the last quarter. Wealth Alliance LLC increased its holdings in shares of Cameco by 1.6% in the second quarter. Wealth Alliance LLC now owns 10,036 shares of the basic materials company’s stock valued at $745,000 after buying an additional 154 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Cameco by 11.2% during the 3rd quarter. Versant Capital Management Inc now owns 1,590 shares of the basic materials company’s stock valued at $133,000 after acquiring an additional 160 shares during the last quarter. Institutional investors own 70.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CCJ shares. UBS Group started coverage on Cameco in a report on Monday, November 10th. They issued a “neutral” rating and a $140.00 target price on the stock. Scotiabank reiterated an “outperform” rating on shares of Cameco in a research report on Wednesday, October 29th. Glj Research reissued a “buy” rating and issued a $99.74 price target on shares of Cameco in a research note on Wednesday, December 3rd. Sanford C. Bernstein restated an “outperform” rating and set a $147.00 price objective on shares of Cameco in a report on Thursday. Finally, National Bankshares reaffirmed an “outperform” rating on shares of Cameco in a research note on Thursday, November 6th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $131.39.

Cameco Stock Performance

Shares of CCJ stock opened at $109.12 on Friday. The company has a market capitalization of $47.52 billion, a price-to-earnings ratio of 126.88 and a beta of 0.99. Cameco Corporation has a 1-year low of $35.00 and a 1-year high of $135.24. The company has a current ratio of 2.99, a quick ratio of 1.85 and a debt-to-equity ratio of 0.15. The stock’s fifty day simple moving average is $103.20 and its 200-day simple moving average is $90.27.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.17). Cameco had a return on equity of 8.58% and a net margin of 15.24%.The business had revenue of $313.74 million during the quarter, compared to analysts’ expectations of $531.72 million. During the same period in the prior year, the company posted ($0.01) earnings per share. The firm’s revenue was down 14.7% on a year-over-year basis. On average, sell-side analysts predict that Cameco Corporation will post 1.27 earnings per share for the current fiscal 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.