Fisher Asset Management LLC Invests $415,000 in Cameco Corporation $CCJ

Fisher Asset Management LLC bought a new position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 4,952 shares of the basic materials company’s stock, valued at approximately $415,000.

Several other institutional investors have also bought and sold shares of the stock. Financial Consulate Inc. acquired a new position in Cameco during the third quarter worth $25,000. Armstrong Advisory Group Inc. boosted its stake in shares of Cameco by 110.3% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 347 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 182 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Cameco in the 3rd quarter valued at $37,000. Tobam grew its holdings in shares of Cameco by 389.1% in the 3rd quarter. Tobam now owns 450 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 358 shares during the last quarter. Finally, VSM Wealth Advisory LLC bought a new stake in shares of Cameco in the 2nd quarter worth about $35,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CCJ shares. Sanford C. Bernstein reissued an “outperform” rating and set a $147.00 price target on shares of Cameco in a report on Thursday, February 5th. Weiss Ratings raised shares of Cameco from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. UBS Group began coverage on shares of Cameco in a report on Monday, November 10th. They set a “neutral” rating and a $140.00 price objective for the company. The Goldman Sachs Group reissued a “buy” rating and issued a $131.00 target price on shares of Cameco in a report on Wednesday, February 4th. Finally, Zacks Research lowered Cameco from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $143.03.

Cameco Price Performance

Cameco stock opened at $109.77 on Monday. The business’s 50-day simple moving average is $114.36 and its 200 day simple moving average is $96.52. The company has a quick ratio of 1.68, a current ratio of 2.47 and a debt-to-equity ratio of 0.14. The stock has a market cap of $47.81 billion, a price-to-earnings ratio of 113.16 and a beta of 0.98. Cameco Corporation has a 12-month low of $35.00 and a 12-month high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Friday, February 13th. The basic materials company reported $0.36 earnings per share for the quarter, topping 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 firm had revenue of $874.57 million during the quarter, compared to analysts’ expectations of $782.13 million. During the same period in the previous year, the business posted $0.36 EPS. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. As a group, research analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current year.

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.