Cibc World Market Inc. Has $353.26 Million Stock Holdings in Cameco Corporation $CCJ

Cibc World Market Inc. lifted its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 13.8% during the 4th quarter, Holdings Channel reports. The firm owned 3,857,394 shares of the basic materials company’s stock after purchasing an additional 467,916 shares during the quarter. Cibc World Market Inc.’s holdings in Cameco were worth $353,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of CCJ. Bison Wealth LLC increased its stake in shares of Cameco by 16.1% during the 4th quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company’s stock worth $1,102,000 after purchasing an additional 2,975 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Cameco by 16.6% during the 1st quarter. AQR Capital Management LLC now owns 9,547 shares of the basic materials company’s stock worth $393,000 after buying an additional 1,361 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in shares of Cameco by 48.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 8,485 shares of the basic materials company’s stock worth $349,000 after buying an additional 2,780 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Cameco by 11.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 604,841 shares of the basic materials company’s stock worth $24,895,000 after buying an additional 64,512 shares during the period. Finally, NewGen Equity Long Short Fund bought a new stake in shares of Cameco during the 2nd quarter worth about $14,252,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Performance

NYSE CCJ opened at $114.81 on Thursday. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $50.00 billion, a P/E ratio of 106.31, a P/E/G ratio of 2.04 and a beta of 0.99. Cameco Corporation has a 12-month low of $59.10 and a 12-month high of $135.24. The firm has a 50-day moving average price of $113.68 and a two-hundred day moving average price of $108.30.

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, beating analysts’ consensus estimates of $0.29 by $0.05. The firm had revenue of $607.49 million during the quarter, compared to the consensus estimate 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 previous year, the firm posted $0.16 EPS. Analysts anticipate that Cameco Corporation will post 1.31 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on the stock. Zacks Research downgraded shares of Cameco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Glj Research reaffirmed a “buy” rating and set a $171.20 target price (up from $100.00) on shares of Cameco in a report on Wednesday, February 18th. Weiss Ratings downgraded shares of Cameco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. William Blair assumed coverage on shares of Cameco in a report on Monday, April 20th. They set an “outperform” rating for the company. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $131.00 target price on shares of Cameco in a report on Wednesday, February 4th. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $148.62.

Cameco 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.