Cameco Corporation $CCJ Position Boosted by American Century Companies Inc.

American Century Companies Inc. grew its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 13.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 522,950 shares of the basic materials company’s stock after purchasing an additional 61,264 shares during the quarter. American Century Companies Inc.’s holdings in Cameco were worth $43,862,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in CCJ. Financial Consulate Inc. bought a new stake in shares of Cameco in the 3rd quarter worth approximately $25,000. Armstrong Advisory Group Inc. raised its holdings in Cameco by 110.3% during the third quarter. Armstrong Advisory Group Inc. now owns 347 shares of the basic materials company’s stock valued at $29,000 after buying an additional 182 shares in the last quarter. VSM Wealth Advisory LLC acquired a new stake in shares of Cameco in the second quarter worth $35,000. Cullen Frost Bankers Inc. bought a new stake in Cameco during the third quarter valued at about $37,000. Finally, Tobam increased its position in Cameco by 389.1% in the 3rd quarter. Tobam now owns 450 shares of the basic materials company’s stock worth $38,000 after buying an additional 358 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Price Performance

Shares of NYSE:CCJ opened at $109.77 on Friday. 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 one year low of $35.00 and a one year high of $135.24. The company has a market cap of $47.81 billion, a price-to-earnings ratio of 113.16 and a beta of 0.98. The firm has a 50 day simple moving average of $114.36 and a 200 day simple moving average of $96.18.

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

Wall Street Analyst Weigh In

CCJ has been the topic of several recent analyst reports. Sanford C. Bernstein reissued an “outperform” rating and issued a $147.00 target price on shares of Cameco in a report on Thursday, February 5th. Wall Street Zen lowered shares of Cameco from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Royal Bank Of Canada raised their target price on shares of Cameco from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Raymond James Financial reiterated an “outperform” rating on shares of Cameco in a research note on Wednesday, January 14th. Finally, Weiss Ratings raised Cameco from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $143.03.

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.