Penserra Capital Management LLC Increases Stock Position in Cameco Corporation $CCJ

Penserra Capital Management LLC increased its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 12.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,532 shares of the basic materials company’s stock after buying an additional 5,220 shares during the period. Penserra Capital Management LLC’s holdings in Cameco were worth $3,901,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TD Asset Management Inc lifted its holdings in shares of Cameco by 3.7% in the 2nd quarter. TD Asset Management Inc now owns 2,133,725 shares of the basic materials company’s stock worth $158,141,000 after purchasing an additional 77,081 shares during the last quarter. Abbington Investment Group bought a new position in Cameco during the 3rd quarter worth $6,506,000. Mirae Asset Global Investments Co. Ltd. increased its position in Cameco by 79.4% in 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 buying an additional 110,629 shares during the period. Nwam LLC lifted its stake in Cameco by 11.7% in the second quarter. Nwam LLC now owns 81,129 shares of the basic materials company’s stock valued at $6,304,000 after buying an additional 8,519 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. acquired a new position in shares of Cameco during the second quarter valued at $281,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Stock Down 5.0%

CCJ stock opened at $109.12 on Friday. The firm’s 50-day moving average is $103.20 and its two-hundred day moving average is $90.27. The company has a market capitalization of $47.52 billion, a price-to-earnings ratio of 126.88 and a beta of 0.99. Cameco Corporation has a 52 week low of $35.00 and a 52 week high of $135.24. The company has a current ratio of 2.99, a quick ratio of 1.85 and a debt-to-equity ratio of 0.15.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.17). Cameco had a net margin of 15.24% and a return on equity of 8.58%. The company had revenue of $313.74 million for the quarter, compared to analyst estimates of $531.72 million. During the same quarter in the prior year, the business earned ($0.01) EPS. Cameco’s revenue was down 14.7% compared to the same quarter last year. On average, analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CCJ has been the topic of a number of analyst reports. Zacks Research raised shares of Cameco from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 14th. Royal Bank Of Canada decreased their target price on shares of Cameco from $160.00 to $150.00 and set an “outperform” rating for the company in a research report on Thursday, November 13th. Raymond James Financial restated an “outperform” rating on shares of Cameco in a research note on Wednesday, January 14th. Scotiabank reaffirmed an “outperform” rating on shares of Cameco in a report on Wednesday, October 29th. Finally, Glj Research reissued a “buy” rating and issued a $99.74 price objective on shares of Cameco in a report on Wednesday, December 3rd. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Cameco currently has a consensus rating of “Buy” and a consensus target price of $131.39.

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.