AlTi Global Inc. Has $18.26 Million Position in Cameco Corporation $CCJ

AlTi Global Inc. boosted its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 17.8% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 158,650 shares of the basic materials company’s stock after purchasing an additional 24,020 shares during the period. AlTi Global Inc.’s holdings in Cameco were worth $18,261,000 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 Cameco in the 4th quarter worth about $25,000. Founders Capital Management bought a new stake in shares of Cameco in the 4th quarter valued at approximately $27,000. Mcguire Capital Advisors Inc. bought a new stake in shares of Cameco in the 4th quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd increased its holdings in Cameco by 30,700.0% in the fourth 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 during the last quarter. Finally, Sterling Capital Management LLC acquired a new position in Cameco in the first quarter worth approximately $30,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Price Performance

Shares of Cameco stock opened at $85.61 on Monday. The company has a current ratio of 3.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14. The firm has a fifty day simple moving average of $103.83 and a 200-day simple moving average of $110.80. The stock has a market capitalization of $37.28 billion, a price-to-earnings ratio of 79.27, a PEG ratio of 1.40 and a beta of 1.02. Cameco Corporation has a 1-year low of $68.96 and a 1-year high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The business had revenue of $607.49 million for the quarter, compared to analyst estimates of $598.63 million. Cameco had a net margin of 18.38% and a return on equity of 11.05%. Cameco’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business posted $0.16 EPS. On average, sell-side analysts expect that Cameco Corporation will post 1.29 earnings per share for the current year.

Wall Street Analyst Weigh In

CCJ has been the subject of a number of analyst reports. Bank of America reduced their target price on shares of Cameco from $143.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Truist Financial initiated coverage on shares of Cameco in a research note on Monday, July 13th. They set a “buy” rating and a $129.00 price target on the stock. Sanford C. Bernstein restated an “outperform” rating and set a $135.00 price target on shares of Cameco in a report on Monday, June 15th. TD Securities lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Finally, Scotiabank reiterated an “outperform” rating and issued a $175.00 price objective on shares of Cameco in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $146.18.

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.