Rockefeller Capital Management L.P. Boosts Holdings in Cameco Corporation $CCJ

Rockefeller Capital Management L.P. grew its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 6.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 154,926 shares of the basic materials company’s stock after purchasing an additional 9,826 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Cameco were worth $14,174,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Nisa Investment Advisors LLC purchased a new position in Cameco in the 4th quarter valued at about $25,000. Founders Capital Management purchased a new position in shares of Cameco in the fourth quarter valued at approximately $27,000. Strategic Advocates LLC acquired a new stake in shares of Cameco in the third quarter worth approximately $28,000. Mcguire Capital Advisors Inc. purchased a new stake in shares of Cameco during the fourth quarter worth approximately $28,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Cameco by 30,700.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 307 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Price Performance

Shares of CCJ stock opened at $108.78 on Wednesday. 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 company has a market capitalization of $47.38 billion, a PE ratio of 100.72, a price-to-earnings-growth ratio of 1.95 and a beta of 0.99. The firm’s 50-day moving average is $112.25 and its two-hundred day moving average is $110.19. Cameco Corporation has a 12 month low of $68.96 and a 12 month high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share 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 analysts’ expectations of $598.63 million. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.16 EPS. Analysts predict that Cameco Corporation will post 1.21 earnings per share for the current year.

Analysts Set New Price Targets

CCJ has been the subject of a number of research reports. TD Securities lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $135.00 price objective on shares of Cameco in a research note on Monday, June 15th. Weiss Ratings downgraded shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Canadian Imperial Bank of Commerce boosted their target price on Cameco to $202.00 in a report on Monday, March 9th. Finally, Scotiabank restated an “outperform” rating and issued a $175.00 price target on shares of Cameco in a research report on Wednesday, May 6th. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $147.42.

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.