Alps Advisors Inc. Has $361.26 Million Stock Holdings in Cameco Corporation $CCJ

Alps Advisors Inc. increased its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 1.1% in the 4th quarter, HoldingsChannel reports. The fund owned 3,948,599 shares of the basic materials company’s stock after acquiring an additional 44,717 shares during the period. Cameco makes up about 2.1% of Alps Advisors Inc.’s portfolio, making the stock its 10th largest holding. Alps Advisors Inc.’s holdings in Cameco were worth $361,257,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CCJ. Nisa Investment Advisors LLC bought a new position in shares of Cameco during the 4th quarter worth approximately $25,000. Founders Capital Management bought a new position in shares of Cameco during the 4th quarter worth approximately $27,000. Strategic Advocates LLC bought a new position in shares of Cameco during the 3rd quarter worth approximately $28,000. Sunbelt Securities Inc. raised its stake in shares of Cameco by 928.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 325 shares in the last quarter. Finally, Delos Wealth Advisors LLC raised its stake in shares of Cameco by 60.0% during the 3rd quarter. Delos Wealth Advisors LLC now owns 400 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 150 shares in the last quarter. Institutional investors own 70.21% of the company’s stock.

Analyst Ratings Changes

CCJ has been the subject of several recent analyst reports. Scotiabank reiterated an “outperform” rating and set a $175.00 price objective on shares of Cameco in a research note on Wednesday, May 6th. Zacks Research lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Royal Bank Of Canada upped their price target on shares of Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Barclays initiated coverage on shares of Cameco in a research note on Thursday, May 21st. They set an “equal weight” rating and a $108.00 price target on the stock. Finally, Weiss Ratings lowered shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $148.62.

Cameco Trading Up 4.2%

Shares of Cameco stock opened at $98.97 on Friday. The company has a current ratio of 3.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14. Cameco Corporation has a 12-month low of $64.84 and a 12-month high of $135.24. The firm has a market capitalization of $43.11 billion, a price-to-earnings ratio of 91.64, a PEG ratio of 1.61 and a beta of 0.99. The firm’s 50 day simple moving average is $113.33 and its two-hundred day simple moving average is $109.15.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly 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. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The business had revenue of $607.49 million for the quarter, compared to analyst estimates of $598.63 million. During the same quarter in the prior year, the business posted $0.16 EPS. Cameco’s revenue for the quarter was up 7.1% compared to the same quarter last year. Analysts predict that Cameco Corporation will post 1.31 EPS for the current year.

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.