Legal & General Group Plc Has $240.21 Million Holdings in Cameco Corporation $CCJ

Legal & General Group Plc lifted its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 5.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,619,923 shares of the basic materials company’s stock after acquiring an additional 136,707 shares during the period. Legal & General Group Plc owned approximately 0.60% of Cameco worth $240,206,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its position in Cameco by 79.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 249,992 shares of the basic materials company’s stock worth $20,964,000 after purchasing an additional 110,629 shares during the period. Allianz Asset Management GmbH lifted its position in Cameco by 278.3% during the third quarter. Allianz Asset Management GmbH now owns 145,429 shares of the basic materials company’s stock worth $12,208,000 after purchasing an additional 106,987 shares during the period. Mediolanum International Funds Ltd lifted its position in Cameco by 165.5% during the third quarter. Mediolanum International Funds Ltd now owns 34,267 shares of the basic materials company’s stock worth $2,894,000 after purchasing an additional 21,361 shares during the period. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new stake in Cameco during the fourth quarter worth about $1,974,000. Finally, Caprock Group LLC bought a new stake in Cameco during the third quarter worth about $1,066,000. Institutional investors own 70.21% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. TD Securities cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Zacks Research cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Glj Research reaffirmed a “buy” rating and set a $171.20 price objective (up from $100.00) on shares of Cameco in a research report on Wednesday, February 18th. Scotiabank reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Cameco in a research report on Wednesday, May 6th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $131.00 target price on shares of Cameco in a report on Wednesday, February 4th. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $148.62.

Cameco Stock Down 0.6%

CCJ stock opened at $107.53 on Thursday. The stock has a market capitalization of $46.83 billion, a P/E ratio of 99.56, a price-to-earnings-growth ratio of 1.83 and a beta of 1.04. 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 $57.63 and a 12 month high of $135.24. The firm has a 50-day moving average price of $112.94 and a 200-day moving average price of $107.49.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. The firm 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.16 earnings per share. As a group, equities research analysts anticipate that Cameco Corporation will post 1.32 EPS for the current fiscal 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.