Cameco Corporation $CCJ Shares Purchased by Ardsley Advisory Partners LP

Ardsley Advisory Partners LP boosted its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 250.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,000 shares of the basic materials company’s stock after purchasing an additional 25,000 shares during the period. Ardsley Advisory Partners LP’s holdings in Cameco were worth $3,202,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Legal & General Group Plc lifted its position in shares of Cameco by 4.6% during the 3rd quarter. Legal & General Group Plc now owns 2,483,216 shares of the basic materials company’s stock valued at $208,450,000 after acquiring an additional 108,841 shares during the last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new stake in shares of Cameco during the 4th quarter valued at about $1,974,000. Intech Investment Management LLC lifted its holdings in shares of Cameco by 3.8% during the 3rd quarter. Intech Investment Management LLC now owns 500,699 shares of the basic materials company’s stock valued at $42,031,000 after buying an additional 18,261 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Cameco by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 18,059,335 shares of the basic materials company’s stock valued at $1,653,639,000 after buying an additional 258,193 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Cameco by 0.7% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,973,799 shares of the basic materials company’s stock valued at $1,089,080,000 after buying an additional 85,762 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Down 2.0%

NYSE:CCJ opened at $105.70 on Thursday. The stock’s fifty day moving average price is $112.82 and its two-hundred day moving average price is $109.66. Cameco Corporation has a 52-week low of $67.60 and a 52-week high of $135.24. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.09 and a current ratio of 3.08. The company has a market cap of $46.04 billion, a price-to-earnings ratio of 97.87, a P/E/G ratio of 1.97 and a beta of 0.99.

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 (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.05. The firm had revenue of $607.49 million for the quarter, compared to the consensus estimate of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.16 EPS. On average, analysts anticipate that Cameco Corporation will post 1.21 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CCJ. Barclays began coverage on Cameco in a report on Thursday, May 21st. They set an “equal weight” rating and a $108.00 target price on the stock. Scotiabank reissued an “outperform” rating and set a $175.00 target price on shares of Cameco in a research report on Wednesday, May 6th. Sanford C. Bernstein reissued an “outperform” rating and set a $135.00 target price on shares of Cameco in a research report on Monday. TD Securities downgraded Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Finally, Zacks Research downgraded Cameco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $147.42.

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.