Capital World Investors Has $1.24 Billion Stock Position in Cameco Corporation $CCJ

Capital World Investors grew its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,545,354 shares of the basic materials company’s stock after acquiring an additional 41,430 shares during the period. Capital World Investors owned 3.11% of Cameco worth $1,240,047,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Clearstead Advisors LLC increased its holdings in shares of Cameco by 0.8% during the fourth quarter. Clearstead Advisors LLC now owns 10,158 shares of the basic materials company’s stock worth $929,000 after purchasing an additional 85 shares during the period. Legacy Bridge LLC increased its holdings in shares of Cameco by 0.9% during the fourth quarter. Legacy Bridge LLC now owns 11,508 shares of the basic materials company’s stock worth $1,053,000 after purchasing an additional 100 shares during the period. S.A. Mason LLC increased its holdings in shares of Cameco by 4.8% during the fourth quarter. S.A. Mason LLC now owns 2,436 shares of the basic materials company’s stock worth $223,000 after purchasing an additional 111 shares during the period. GAMMA Investing LLC increased its holdings in shares of Cameco by 19.9% during the fourth quarter. GAMMA Investing LLC now owns 676 shares of the basic materials company’s stock worth $62,000 after purchasing an additional 112 shares during the period. Finally, Kingsview Wealth Management LLC increased its holdings in shares of Cameco by 3.4% during the fourth quarter. Kingsview Wealth Management LLC now owns 3,435 shares of the basic materials company’s stock worth $314,000 after purchasing an additional 114 shares during the period. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Price Performance

CCJ stock opened at $103.52 on Monday. The firm has a market cap of $45.09 billion, a price-to-earnings ratio of 95.85, a PEG ratio of 1.75 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 12-month low of $59.25 and a 12-month high of $135.24. The company’s fifty day simple moving average is $113.70 and its 200 day simple moving average is $108.65.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating 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 business had revenue of $607.49 million for the quarter, compared to analyst estimates of $598.63 million. During the same quarter in the previous year, the business earned $0.16 earnings per share. Cameco’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, analysts expect that Cameco Corporation will post 1.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CCJ shares. TD Securities cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Scotiabank reiterated an “outperform” rating and set a $175.00 price target on shares of Cameco in a research report on Wednesday, May 6th. Zacks Research lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Barclays initiated coverage on shares of Cameco in a research report on Thursday, May 21st. They set an “equal weight” rating and a $108.00 price target on the stock. Finally, Weiss Ratings lowered shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.