Northwestern Mutual Wealth Management Co. Buys 1,104,378 Shares of Cameco Corporation $CCJ

Northwestern Mutual Wealth Management Co. increased its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 14,338.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,112,080 shares of the basic materials company’s stock after purchasing an additional 1,104,378 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Cameco were worth $101,744,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its position in Cameco by 79.4% in the 3rd 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 last quarter. NWF Advisory Services Inc. bought a new position in Cameco in the 3rd quarter worth approximately $1,996,000. Massachusetts Financial Services Co. MA raised its position in Cameco by 7.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,755,802 shares of the basic materials company’s stock worth $231,102,000 after purchasing an additional 202,279 shares during the last quarter. Mediolanum International Funds Ltd raised its position in Cameco by 165.5% in the 3rd 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 last quarter. Finally, Allianz Asset Management GmbH raised its position in Cameco by 278.3% in the 3rd 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 last quarter. Institutional investors own 70.21% of the company’s stock.

Cameco Price Performance

CCJ opened at $107.58 on Friday. The company has a fifty day moving average price of $114.26 and a two-hundred day moving average price of $107.07. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.09 and a current ratio of 3.08. Cameco Corporation has a 52 week low of $50.03 and a 52 week high of $135.24. The firm has a market capitalization of $46.85 billion, a PE ratio of 99.61, a P/E/G ratio of 1.81 and a beta of 1.04.

Cameco (NYSE:CCJ) (TSE:CCO) last released 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. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The firm had revenue of $607.49 million during the quarter, compared to analyst estimates of $598.63 million. During the same quarter in the previous year, the business earned $0.16 EPS. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, analysts anticipate that Cameco Corporation will post 1.32 earnings per share for the current year.

Analyst Ratings Changes

CCJ has been the subject of several research analyst reports. Canadian Imperial Bank of Commerce boosted their price objective on shares of Cameco to $202.00 in a research report on Monday, March 9th. Zacks Research cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. The Goldman Sachs Group restated a “buy” rating and issued a $131.00 price objective on shares of Cameco in a research report on Wednesday, February 4th. Weiss Ratings cut shares of Cameco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $147.00 price objective on shares of Cameco in a research report on Thursday, February 5th. Eleven analysts have rated the stock with a Buy rating and four 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 a consensus target price of $153.13.

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.