53,390 Shares in Cameco Corporation $CCJ Acquired by Deepwater Asset Management LLC

Deepwater Asset Management LLC bought a new position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 53,390 shares of the basic materials company’s stock, valued at approximately $4,885,000. Cameco makes up about 1.4% of Deepwater Asset Management LLC’s portfolio, making the stock its 28th biggest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Cameco by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 18,059,335 shares of the basic materials company’s stock worth $1,653,639,000 after acquiring an additional 258,193 shares in the last quarter. Capital World Investors increased its holdings in Cameco by 0.3% in the 4th quarter. Capital World Investors now owns 13,545,354 shares of the basic materials company’s stock worth $1,240,047,000 after acquiring an additional 41,430 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Cameco by 0.7% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,973,799 shares of the basic materials company’s stock worth $1,089,080,000 after acquiring an additional 85,762 shares in the last quarter. Van ECK Associates Corp increased its holdings in Cameco by 43.3% in the 3rd quarter. Van ECK Associates Corp now owns 5,443,807 shares of the basic materials company’s stock worth $456,530,000 after acquiring an additional 1,644,061 shares in the last quarter. Finally, Norges Bank purchased a new stake in Cameco in the 4th quarter worth approximately $443,265,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Trading Up 0.1%

Shares of CCJ opened at $103.52 on Monday. 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 Corporation has a 1 year low of $59.25 and a 1 year high of $135.24. The company has a 50 day simple moving average of $113.70 and a two-hundred day simple moving average of $108.65. The firm has a market cap of $45.09 billion, a P/E ratio of 95.85, a price-to-earnings-growth ratio of 1.75 and a beta of 0.99.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data 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. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The business had revenue of $607.49 million during the quarter, compared to analyst estimates of $598.63 million. During the same period last year, the firm posted $0.16 EPS. The company’s revenue was up 7.1% on a year-over-year basis. On average, equities analysts expect that Cameco Corporation will post 1.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CCJ shares. Scotiabank reissued an “outperform” rating and issued a $175.00 target price on shares of Cameco in a report on Wednesday, May 6th. Barclays initiated coverage on shares of Cameco in a report on Thursday, May 21st. They set an “equal weight” rating and a $108.00 price objective for the company. Glj Research reaffirmed a “buy” rating and set a $171.20 price objective (up from $100.00) on shares of Cameco in a report on Wednesday, February 18th. Zacks Research lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Finally, William Blair initiated coverage on shares of Cameco in a report on Monday, April 20th. They set an “outperform” rating for the company. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Cameco has a consensus rating of “Moderate Buy” and an average target price 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.