BW Gestao de Investimentos Ltda. Buys 97,949 Shares of Cameco Corporation $CCJ

BW Gestao de Investimentos Ltda. grew its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 72.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 232,949 shares of the basic materials company’s stock after purchasing an additional 97,949 shares during the period. Cameco makes up about 0.5% of BW Gestao de Investimentos Ltda.’s portfolio, making the stock its 23rd biggest holding. BW Gestao de Investimentos Ltda.’s holdings in Cameco were worth $21,313,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CCJ. Nisa Investment Advisors LLC purchased a new stake in shares of Cameco during the 4th quarter valued at $25,000. Founders Capital Management purchased a new stake in shares of Cameco during the 4th quarter worth about $27,000. Strategic Advocates LLC purchased a new stake in shares of Cameco during the 3rd quarter worth about $28,000. Sunbelt Securities Inc. lifted its stake in Cameco by 928.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock valued at $30,000 after buying an additional 325 shares in the last quarter. Finally, Delos Wealth Advisors LLC lifted its stake in Cameco by 60.0% in the 3rd quarter. Delos Wealth Advisors LLC now owns 400 shares of the basic materials company’s stock valued at $34,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Stock Performance

NYSE:CCJ opened at $112.71 on Tuesday. The company has a fifty day simple moving average of $113.12 and a two-hundred day simple moving average of $107.90. The company has a market cap of $49.09 billion, a price-to-earnings ratio of 104.37, a price-to-earnings-growth ratio of 1.90 and a beta of 0.99. 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 $58.18 and a 52 week high of $135.24.

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. The business had revenue of $607.49 million during the quarter, compared to the consensus estimate of $598.63 million. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.16 earnings per share. As a group, equities analysts anticipate that Cameco Corporation will post 1.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $131.00 price target on shares of Cameco in a research note on Wednesday, February 4th. Glj Research reissued a “buy” rating and set a $171.20 target price (up from $100.00) on shares of Cameco in a research note on Wednesday, February 18th. Sanford C. Bernstein reissued an “outperform” rating and set a $147.00 target price on shares of Cameco in a research note on Thursday, February 5th. Royal Bank Of Canada raised their target price on Cameco from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Finally, Canadian Imperial Bank of Commerce boosted their target price on Cameco to $202.00 in a research report on Monday, March 9th. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $148.62.

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.