World Investment Advisors Purchases Shares of 4,970 Cameco Corporation $CCJ

World Investment Advisors purchased a new stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,970 shares of the basic materials company’s stock, valued at approximately $455,000.

Other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Cameco by 79.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 249,992 shares of the basic materials company’s stock valued at $20,964,000 after purchasing an additional 110,629 shares in the last quarter. NWF Advisory Services Inc. acquired a new position in shares of Cameco in the third quarter valued at approximately $1,996,000. Mediolanum International Funds Ltd grew its holdings in shares of Cameco by 165.5% in the third quarter. Mediolanum International Funds Ltd now owns 34,267 shares of the basic materials company’s stock valued at $2,894,000 after purchasing an additional 21,361 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Cameco by 278.3% in the third quarter. Allianz Asset Management GmbH now owns 145,429 shares of the basic materials company’s stock valued at $12,208,000 after purchasing an additional 106,987 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Cameco in the third quarter valued at approximately $31,028,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Trading Up 0.5%

NYSE CCJ opened at $104.00 on Thursday. 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 52 week low of $51.70 and a 52 week high of $135.24. The stock has a market capitalization of $45.30 billion, a PE ratio of 96.30, a price-to-earnings-growth ratio of 1.75 and a beta of 1.04. The firm has a 50 day moving average of $113.71 and a two-hundred day moving average of $107.18.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The company had revenue of $607.49 million during the quarter, compared to analysts’ expectations of $598.63 million. During the same quarter in the previous year, the business posted $0.16 EPS. The firm’s revenue was up 7.1% on a year-over-year basis. As a group, research analysts expect that Cameco Corporation will post 1.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Sanford C. Bernstein restated an “outperform” rating and issued a $147.00 price objective on shares of Cameco in a report on Thursday, February 5th. The Goldman Sachs Group restated a “buy” rating and issued a $131.00 price objective on shares of Cameco in a report on Wednesday, February 4th. Scotiabank restated an “outperform” rating and issued a $175.00 price objective on shares of Cameco in a report on Wednesday, May 6th. Weiss Ratings cut shares of Cameco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada lifted their price objective on shares of Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $153.13.

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.