Cameco Corporation $CCJ Shares Acquired by Fullerton Fund Management Co Ltd.

Fullerton Fund Management Co Ltd. raised its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 33.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 893,999 shares of the basic materials company’s stock after acquiring an additional 222,938 shares during the period. Cameco comprises approximately 3.6% of Fullerton Fund Management Co Ltd.’s holdings, making the stock its 10th largest holding. Fullerton Fund Management Co Ltd. owned 0.21% of Cameco worth $81,792,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC acquired a new position in shares of Cameco in the 4th quarter worth approximately $25,000. Founders Capital Management acquired a new position in shares of Cameco in the 4th quarter worth approximately $27,000. Strategic Advocates LLC acquired a new position in shares of Cameco in the 3rd quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Cameco by 30,700.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock worth $28,000 after buying an additional 307 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its holdings in shares of Cameco by 928.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock worth $30,000 after buying an additional 325 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Performance

CCJ opened at $107.86 on Wednesday. The business’s 50-day moving average price is $112.92 and its two-hundred day moving average price is $109.54. Cameco Corporation has a 1 year low of $67.60 and a 1 year high of $135.24. The company has a market capitalization of $46.97 billion, a price-to-earnings ratio of 99.87, a P/E/G ratio of 1.81 and a beta of 0.99. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.08 and a quick ratio of 2.09.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly 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 return on equity of 11.05% and a net margin of 18.38%.The firm 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 business posted $0.16 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities analysts expect that Cameco Corporation will post 1.32 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CCJ. Weiss Ratings cut Cameco from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Barclays initiated coverage on Cameco in a research report on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 price target on the stock. TD Securities lowered Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Canadian Imperial Bank of Commerce lifted their target price on Cameco to $202.00 in a report on Monday, March 9th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $135.00 target price on shares of Cameco in a report on Monday. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $147.42.

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.