Tribune Investment Group LP Raises Stock Holdings in Cameco Corporation $CCJ

Tribune Investment Group LP increased its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 100.0% during the 2nd quarter, Holdings Channel reports. The firm owned 40,000 shares of the basic materials company’s stock after purchasing an additional 20,000 shares during the quarter. Cameco comprises approximately 1.6% of Tribune Investment Group LP’s portfolio, making the stock its 19th biggest holding. Tribune Investment Group LP’s holdings in Cameco were worth $4,074,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CCJ. Sterling Capital Management LLC bought a new stake in Cameco during the first quarter valued at approximately $30,000. Brown Lisle Cummings Inc. raised its position in shares of Cameco by 3,200.0% during the 1st quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company’s stock valued at $32,000 after buying an additional 288 shares in the last quarter. Mcguire Capital Advisors Inc. purchased a new position in Cameco in the fourth quarter worth $28,000. Caitong International Asset Management Co. Ltd increased its stake in Cameco by 30,700.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 307 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its stake in Cameco by 928.6% in the third quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 325 shares during the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on CCJ shares. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $135.00 price target on shares of Cameco in a research note on Monday, June 15th. Citigroup reissued a “positive” rating on shares of Cameco in a report on Wednesday, July 15th. Weiss Ratings lowered Cameco from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, August 12th. Wall Street Zen cut shares of Cameco from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, Truist Financial lifted their price target on shares of Cameco from $129.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Cameco has an average rating of “Moderate Buy” and a consensus price target of $145.09.

Cameco Price Performance

CCJ opened at $100.56 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.06 and a quick ratio of 2.10. The stock’s 50 day simple moving average is $95.33 and its 200 day simple moving average is $106.45. The firm has a market cap of $43.80 billion, a price-to-earnings ratio of 170.44, a PEG ratio of 1.65 and a beta of 1.06. Cameco Corporation has a 1 year low of $74.63 and a 1 year high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Friday, July 31st. The basic materials company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.13). Cameco had a net margin of 10.20% and a return on equity of 7.59%. The company had revenue of $573.06 million for the quarter, compared to analysts’ expectations of $579.60 million. During the same period last year, the company posted $0.71 EPS. The business’s revenue for the quarter was down 6.8% compared to the same quarter last year. As a group, analysts predict that Cameco Corporation will post 1.27 earnings per share for the current year.

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.