Tacita Capital Inc Has $538,000 Holdings in Cameco Corporation $CCJ

Tacita Capital Inc raised its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 738.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,867 shares of the basic materials company’s stock after purchasing an additional 5,167 shares during the quarter. Tacita Capital Inc’s holdings in Cameco were worth $538,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allianz Asset Management GmbH boosted its holdings in shares of Cameco by 278.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 145,429 shares of the basic materials company’s stock worth $12,208,000 after buying an additional 106,987 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Cameco by 4.6% during the 3rd quarter. Legal & General Group Plc now owns 2,483,216 shares of the basic materials company’s stock worth $208,450,000 after buying an additional 108,841 shares in the last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new position in shares of Cameco during the 4th quarter worth approximately $1,974,000. Caprock Group LLC bought a new position in shares of Cameco during the 3rd quarter worth approximately $1,066,000. Finally, Intech Investment Management LLC boosted its holdings in shares of Cameco by 3.8% during the 3rd quarter. Intech Investment Management LLC now owns 500,699 shares of the basic materials company’s stock worth $42,031,000 after buying an additional 18,261 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Price Performance

Shares of CCJ opened at $103.52 on Friday. Cameco Corporation has a 12-month low of $59.25 and a 12-month high of $135.24. The business’s fifty day moving average is $113.70 and its 200 day moving average is $108.47. 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 stock has a market cap of $45.09 billion, a P/E ratio of 95.85, a P/E/G ratio of 1.75 and a beta of 0.99.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The company had revenue of $607.49 million for the quarter, compared to analysts’ expectations of $598.63 million. During the same period last year, the business earned $0.16 EPS. Cameco’s quarterly revenue was up 7.1% compared to the same quarter last year. Sell-side analysts anticipate that Cameco Corporation will post 1.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CCJ shares. William Blair started coverage on Cameco in a report on Monday, April 20th. They set an “outperform” rating on the stock. Zacks Research cut Cameco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Weiss Ratings cut Cameco from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Barclays started coverage on Cameco in a report on Thursday, May 21st. They set an “equal weight” rating and a $108.00 price target on the stock. Finally, Scotiabank reiterated an “outperform” rating and issued a $175.00 target price on shares of Cameco in a report on Wednesday, May 6th. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $148.62.

About Cameco

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.