CloudAlpha Capital Management Limited Hong Kong Takes Position in Cameco Corporation $CCJ

CloudAlpha Capital Management Limited Hong Kong bought a new stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 14,625 shares of the basic materials company’s stock, valued at approximately $1,226,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC grew its position in shares of Cameco by 3.1% during the third quarter. International Assets Investment Management LLC now owns 3,938 shares of the basic materials company’s stock worth $330,000 after buying an additional 120 shares in the last quarter. Lee Johnson Capital Management LLC grew its holdings in Cameco by 1.2% during the 3rd quarter. Lee Johnson Capital Management LLC now owns 10,770 shares of the basic materials company’s stock worth $903,000 after acquiring an additional 127 shares in the last quarter. Wealth Alliance LLC increased its position in shares of Cameco by 1.6% in the 2nd quarter. Wealth Alliance LLC now owns 10,036 shares of the basic materials company’s stock valued at $745,000 after purchasing an additional 154 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Cameco by 11.2% in the 3rd quarter. Versant Capital Management Inc now owns 1,590 shares of the basic materials company’s stock valued at $133,000 after purchasing an additional 160 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of Cameco by 4.4% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,758 shares of the basic materials company’s stock worth $315,000 after purchasing an additional 160 shares during the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Price Performance

CCJ stock opened at $120.69 on Tuesday. The company has a market capitalization of $52.56 billion, a P/E ratio of 140.34 and a beta of 0.99. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $135.24. The business has a 50 day simple moving average of $104.36 and a 200-day simple moving average of $90.98. The company has a current ratio of 2.99, a quick ratio of 1.85 and a debt-to-equity ratio of 0.15.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CCJ shares. Glj Research reiterated a “buy” rating and set a $99.74 target price on shares of Cameco in a research note on Wednesday, December 3rd. Scotiabank reiterated an “outperform” rating on shares of Cameco in a report on Wednesday, October 29th. Royal Bank Of Canada cut their target price on Cameco from $160.00 to $150.00 and set an “outperform” rating on the stock in a research report on Thursday, November 13th. National Bankshares reaffirmed an “outperform” rating on shares of Cameco in a report on Thursday, November 6th. Finally, Wall Street Zen cut shares of Cameco from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Two research 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 company’s stock. Based on data from MarketBeat, Cameco currently has a consensus rating of “Buy” and an average 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.