First National Trust Co Invests $544,000 in Cameco Corporation $CCJ

First National Trust Co acquired a new position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 5,941 shares of the basic materials company’s stock, valued at approximately $544,000.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Cameco by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 18,059,335 shares of the basic materials company’s stock worth $1,653,639,000 after acquiring an additional 258,193 shares in the last quarter. Capital World Investors raised its holdings in Cameco by 0.8% during the third quarter. Capital World Investors now owns 13,503,924 shares of the basic materials company’s stock valued at $1,133,147,000 after buying an additional 106,872 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Cameco by 0.7% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,973,799 shares of the basic materials company’s stock valued at $1,089,080,000 after buying an additional 85,762 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Cameco by 43.3% in 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 last quarter. Finally, TD Asset Management Inc grew its position in shares of Cameco by 116.7% in 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 last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Price Performance

CCJ opened at $104.71 on Monday. The company has a fifty day moving average price of $113.20 and a two-hundred day moving average price of $107.23. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.09 and a current ratio of 3.08. Cameco Corporation has a 52 week low of $55.11 and a 52 week high of $135.24. The firm has a market capitalization of $45.61 billion, a PE ratio of 96.96, a P/E/G ratio of 1.77 and a beta of 1.04.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CCJ. Royal Bank Of Canada raised their price target on Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. Zacks Research downgraded Cameco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Scotiabank reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Cameco in a report on Wednesday, May 6th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $147.00 target price on shares of Cameco in a research note on Thursday, February 5th. Finally, Barclays assumed coverage on shares of Cameco in a research report on Thursday. They issued an “equal weight” rating and a $108.00 price objective for the company. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $148.62.

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.