Barings LLC Increases Stock Holdings in Cameco Corporation $CCJ

Barings LLC increased its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 47.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,548 shares of the basic materials company’s stock after purchasing an additional 14,272 shares during the period. Barings LLC’s holdings in Cameco were worth $4,079,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Clearstead Advisors LLC grew its position in shares of Cameco by 0.8% in the fourth quarter. Clearstead Advisors LLC now owns 10,158 shares of the basic materials company’s stock valued at $929,000 after purchasing an additional 85 shares during the period. Legacy Bridge LLC grew its holdings 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 purchasing an additional 100 shares during the period. S.A. Mason LLC grew its holdings in Cameco by 4.8% in the fourth quarter. S.A. Mason LLC now owns 2,436 shares of the basic materials company’s stock valued at $223,000 after purchasing an additional 111 shares during the period. GAMMA Investing LLC grew its holdings in Cameco by 19.9% in the fourth quarter. GAMMA Investing LLC now owns 676 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 112 shares during the period. Finally, Kingsview Wealth Management LLC grew its holdings in Cameco by 3.4% in the fourth quarter. Kingsview Wealth Management LLC now owns 3,435 shares of the basic materials company’s stock valued at $314,000 after purchasing an additional 114 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Price Performance

CCJ opened at $98.97 on Friday. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14. Cameco Corporation has a 52-week low of $64.84 and a 52-week high of $135.24. The company has a 50 day moving average of $113.33 and a two-hundred day moving average of $109.15. The company has a market cap of $43.11 billion, a P/E ratio of 91.64, a P/E/G ratio of 1.61 and a beta of 0.99.

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

Analysts Set New Price Targets

CCJ has been the subject of a number of recent analyst reports. TD Securities downgraded shares of Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Barclays initiated coverage on Cameco in a research report on Thursday, May 21st. They set an “equal weight” rating and a $108.00 price target for the company. Glj Research reissued a “buy” rating and set a $171.20 price target (up from $100.00) on shares of Cameco in a research report on Wednesday, February 18th. Canadian Imperial Bank of Commerce boosted their price target on Cameco to $202.00 in a research report on Monday, March 9th. Finally, William Blair initiated coverage on Cameco in a research report on Monday, April 20th. They set an “outperform” rating for the company. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.