Foundations Investment Advisors LLC Acquires Shares of 5,466 Cameco Corporation $CCJ

Foundations Investment Advisors LLC purchased a new stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,466 shares of the basic materials company’s stock, valued at approximately $500,000.

Other large investors have also made changes to their positions in the company. Allianz Asset Management GmbH grew its stake in shares of Cameco by 278.3% during the 3rd 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 during the period. Mediolanum International Funds Ltd grew its stake in shares of Cameco by 165.5% during the 3rd 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 during the period. Legal & General Group Plc grew its stake in shares of Cameco by 4.6% during the 3rd quarter. Legal & General Group Plc now owns 2,483,216 shares of the basic materials company’s stock valued at $208,450,000 after acquiring an additional 108,841 shares during the period. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new position in shares of Cameco during the 4th quarter valued at approximately $1,974,000. Finally, Caprock Group LLC bought a new position in shares of Cameco during the 3rd quarter valued at approximately $1,066,000. 70.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CCJ has been the topic of several recent research reports. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $147.00 price objective on shares of Cameco in a report on Thursday, February 5th. Scotiabank reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Cameco in a report on Wednesday, May 6th. Weiss Ratings cut Cameco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Barclays initiated coverage on Cameco in a report on Thursday, May 21st. They set an “equal weight” rating and a $108.00 price objective on the stock. Finally, Zacks Research cut Cameco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $148.62.

Cameco Stock Performance

Shares of Cameco stock opened at $112.71 on Tuesday. The stock’s fifty day moving average is $113.12 and its two-hundred day moving average is $107.90. The company has a market capitalization of $49.09 billion, a PE 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 issued its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The company had revenue of $607.49 million for the quarter, compared to the consensus estimate of $598.63 million. During the same quarter last year, the company earned $0.16 earnings per share. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, analysts expect that Cameco Corporation will post 1.32 earnings per share for the current year.

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.