Geode Capital Management LLC Has $385.95 Million Holdings in Cameco Corporation $CCJ

Geode Capital Management LLC boosted its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 7.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,164,700 shares of the basic materials company’s stock after buying an additional 289,004 shares during the quarter. Geode Capital Management LLC’s holdings in Cameco were worth $385,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of CCJ. Bison Wealth LLC raised its stake in Cameco by 16.1% during the 4th quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company’s stock valued at $1,102,000 after purchasing an additional 2,975 shares during the last quarter. AQR Capital Management LLC raised its stake in Cameco by 16.6% during the 1st quarter. AQR Capital Management LLC now owns 9,547 shares of the basic materials company’s stock valued at $393,000 after purchasing an additional 1,361 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in Cameco by 48.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 8,485 shares of the basic materials company’s stock valued at $349,000 after purchasing an additional 2,780 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Cameco by 11.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 604,841 shares of the basic materials company’s stock valued at $24,895,000 after purchasing an additional 64,512 shares during the last quarter. Finally, NewGen Equity Long Short Fund acquired a new position in Cameco during the 2nd quarter valued at $14,252,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CCJ. William Blair began coverage on shares of Cameco in a research note on Monday, April 20th. They issued an “outperform” rating for the company. Canadian Imperial Bank of Commerce increased their price objective on shares of Cameco to $202.00 in a research note on Monday, March 9th. Scotiabank restated an “outperform” rating and issued a $175.00 price objective on shares of Cameco in a research note on Wednesday, May 6th. Zacks Research cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Finally, Royal Bank Of Canada increased their price objective on shares of Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Cameco presently has a consensus rating of “Moderate Buy” and an average target price of $148.62.

Cameco Trading Up 0.0%

Shares of CCJ stock opened at $112.75 on Monday. Cameco Corporation has a 52-week low of $57.63 and a 52-week high of $135.24. The stock has a market cap of $49.11 billion, a price-to-earnings ratio of 104.40, a P/E/G ratio of 1.90 and a beta of 0.99. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.09 and a current ratio of 3.08. The firm has a fifty day moving average of $113.00 and a 200-day moving average of $107.76.

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