Capital International Investors lessened its holdings in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 22.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,328 shares of the basic materials company's stock after selling 8,112 shares during the quarter. Capital International Investors' holdings in Cameco were worth $1,457,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the business. Dantai Capital Ltd raised its position in shares of Cameco by 44.2% during the third quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company's stock valued at $2,735,000 after buying an additional 17,560 shares during the last quarter. Roberts Wealth Advisors LLC bought a new stake in Cameco in the 4th quarter valued at $895,000. Whalen Wealth Management Inc. purchased a new stake in Cameco in the 4th quarter worth $445,000. Sprott Inc. boosted its holdings in shares of Cameco by 44.5% during the 4th quarter. Sprott Inc. now owns 111,896 shares of the basic materials company's stock valued at $5,750,000 after purchasing an additional 34,483 shares during the last quarter. Finally, Aigen Investment Management LP purchased a new position in shares of Cameco during the fourth quarter valued at about $930,000. 70.21% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
CCJ has been the subject of a number of research reports. StockNews.com raised Cameco from a "sell" rating to a "hold" rating in a research note on Tuesday, April 15th. Stifel Canada raised shares of Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. Glj Research upped their price target on shares of Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a research note on Wednesday, March 12th. Desjardins initiated coverage on shares of Cameco in a research note on Friday, April 4th. They issued a "buy" rating for the company. Finally, Royal Bank of Canada restated an "outperform" rating and set a $90.00 target price on shares of Cameco in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $70.03.
Check Out Our Latest Analysis on CCJ
Cameco Trading Up 4.6 %
Shares of CCJ stock traded up $1.95 during trading hours on Thursday, reaching $43.92. 3,171,609 shares of the stock were exchanged, compared to its average volume of 4,098,534. The firm has a market capitalization of $19.12 billion, a price-to-earnings ratio of 156.86 and a beta of 1.04. Cameco Co. has a 12-month low of $35.00 and a 12-month high of $62.55. The company's 50-day moving average price is $42.19 and its 200-day moving average price is $49.54. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The business had revenue of $845.54 million during the quarter, compared to analyst estimates of $1.09 billion. As a group, equities analysts anticipate that Cameco Co. will post 1.27 earnings per share for the current year.
Cameco Company Profile
(
Free Report)
Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.
Featured Articles
Before you consider Cameco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cameco wasn't on the list.
While Cameco currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
