Amova Asset Management Americas Inc. Purchases 143,113 Shares of Cameco Corporation $CCJ

Amova Asset Management Americas Inc. lifted its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 37.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 522,864 shares of the basic materials company’s stock after purchasing an additional 143,113 shares during the period. Amova Asset Management Americas Inc.’s holdings in Cameco were worth $56,788,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Clearstead Advisors LLC lifted its position in shares of Cameco by 0.8% during the 4th quarter. Clearstead Advisors LLC now owns 10,158 shares of the basic materials company’s stock worth $929,000 after buying an additional 85 shares during the period. Legacy Bridge LLC grew its position in Cameco by 0.9% in the fourth quarter. Legacy Bridge LLC now owns 11,508 shares of the basic materials company’s stock valued at $1,053,000 after acquiring an additional 100 shares during the period. HB Wealth Management LLC raised its stake in Cameco by 3.1% during the first quarter. HB Wealth Management LLC now owns 3,560 shares of the basic materials company’s stock worth $387,000 after acquiring an additional 107 shares in the last quarter. Groupama Asset Managment raised its stake in Cameco by 5.9% during the fourth quarter. Groupama Asset Managment now owns 1,928 shares of the basic materials company’s stock worth $176,000 after acquiring an additional 108 shares in the last quarter. Finally, S.A. Mason LLC lifted 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 valued at $223,000 after acquiring an additional 111 shares during the period. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Price Performance

CCJ opened at $84.84 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.08 and a quick ratio of 2.09. The stock has a market capitalization of $36.95 billion, a P/E ratio of 78.55, a price-to-earnings-growth ratio of 1.40 and a beta of 1.02. The company’s 50 day simple moving average is $103.12 and its 200-day simple moving average is $110.75. Cameco Corporation has a one year low of $68.96 and a one year high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.05. The firm had revenue of $607.49 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.16 EPS. Sell-side analysts anticipate that Cameco Corporation will post 1.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CCJ has been the topic of several recent analyst reports. Truist Financial began coverage on shares of Cameco in a research note on Monday, July 13th. They issued a “buy” rating and a $129.00 target price on the stock. Weiss Ratings downgraded shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. TD Securities lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Scotiabank reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Cameco in a research note on Wednesday, May 6th. Finally, Bank of America decreased their price objective on shares of Cameco from $143.00 to $140.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Cameco has an average rating of “Moderate Buy” and an average price target of $146.18.

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.