Revere Asset Management Inc Acquires New Holdings in Cameco Corporation $CCJ

Revere Asset Management Inc acquired a new stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 54,162 shares of the basic materials company’s stock, valued at approximately $4,955,000. Cameco comprises 1.7% of Revere Asset Management Inc’s holdings, making the stock its 12th biggest position.

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CCJ shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $131.00 price objective on shares of Cameco in a report on Wednesday, February 4th. William Blair assumed coverage on shares of Cameco in a report on Monday, April 20th. They set an “outperform” rating for the company. Barclays assumed coverage on shares of Cameco in a report on Thursday. They set an “equal weight” rating and a $108.00 price target for the company. Weiss Ratings lowered shares of Cameco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Finally, TD Securities lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $148.62.

Cameco Stock Performance

NYSE:CCJ opened at $104.71 on Tuesday. The company has a fifty day moving average of $112.99 and a 200-day moving average of $107.28. The firm has a market capitalization of $45.61 billion, a P/E ratio of 96.96, a P/E/G ratio of 1.77 and a beta of 1.04. 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 twelve month low of $55.11 and a twelve month high of $135.24.

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 for the quarter, beating the consensus estimate of $0.29 by $0.05. The company had revenue of $607.49 million during the quarter, compared to analyst estimates of $598.63 million. Cameco had a net margin of 18.38% and a return on equity of 11.05%. Cameco’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.16 EPS. As a group, sell-side analysts anticipate that Cameco Corporation will post 1.32 EPS for the current year.

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.