Capital Wealth Planning LLC Has $14.86 Million Stock Position in Cameco Corporation $CCJ

Capital Wealth Planning LLC boosted its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 37.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 150,738 shares of the basic materials company’s stock after buying an additional 41,220 shares during the period. Capital Wealth Planning LLC’s holdings in Cameco were worth $14,857,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Gilpin Wealth Management LLC bought a new stake in Cameco in the 4th quarter valued at about $110,000. Saturna Capital Corp boosted its holdings in Cameco by 5.2% in the 4th quarter. Saturna Capital Corp now owns 10,092 shares of the basic materials company’s stock valued at $923,000 after purchasing an additional 499 shares during the period. Sharpepoint LLC bought a new stake in Cameco in the 4th quarter valued at about $408,000. Myriad Asset Management Advisors LLC bought a new stake in Cameco in the 4th quarter valued at about $3,333,000. Finally, J.Safra Asset Management Corp bought a new stake in Cameco in the 4th quarter valued at about $68,000. Institutional investors own 70.21% of the company’s stock.

Cameco Price Performance

Shares of NYSE:CCJ opened at $94.94 on Thursday. The company has a market cap of $41.35 billion, a price-to-earnings ratio of 87.91, a PEG ratio of 1.73 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. The firm has a 50 day simple moving average of $113.52 and a 200 day simple moving average of $109.01. Cameco Corporation has a one year low of $64.19 and a one year high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.29 by $0.05. The business had revenue of $607.49 million during the quarter, compared to the consensus estimate of $598.63 million. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.16 EPS. Research analysts predict that Cameco Corporation will post 1.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CCJ. Zacks Research downgraded shares of Cameco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. 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 downgraded shares of Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Scotiabank reaffirmed an “outperform” rating and set a $175.00 price target on shares of Cameco in a report on Wednesday, May 6th. Finally, Canadian Imperial Bank of Commerce lifted their price target on Cameco to $202.00 in a research note on Monday, March 9th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $148.62.

About Cameco

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.