Cameco Corporation $CCJ Shares Bought by American Century Companies Inc.

American Century Companies Inc. raised its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 13.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 522,950 shares of the basic materials company’s stock after acquiring an additional 61,264 shares during the period. American Century Companies Inc. owned approximately 0.12% of Cameco worth $43,862,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Financial Consulate Inc. purchased a new position in shares of Cameco during the 3rd quarter worth approximately $25,000. Armstrong Advisory Group Inc. raised its position in Cameco by 110.3% in the third quarter. Armstrong Advisory Group Inc. now owns 347 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 182 shares during the period. VSM Wealth Advisory LLC acquired a new position in Cameco during the second quarter worth $35,000. Cullen Frost Bankers Inc. acquired a new position in Cameco during the third quarter worth $37,000. Finally, Tobam boosted its position in shares of Cameco by 389.1% during the third quarter. Tobam now owns 450 shares of the basic materials company’s stock worth $38,000 after buying an additional 358 shares during the period. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CCJ shares. UBS Group began coverage on Cameco in a research note on Monday, November 10th. They set a “neutral” rating and a $140.00 target price on the stock. Zacks Research lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Glj Research reissued a “buy” rating and set a $171.20 price target (up from $100.00) on shares of Cameco in a research report on Wednesday, February 18th. Weiss Ratings upgraded Cameco from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Finally, Royal Bank Of Canada lifted their price target on shares of Cameco from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $143.03.

Cameco Price Performance

Shares of Cameco stock opened at $109.77 on Friday. The company has a current ratio of 2.47, a quick ratio of 1.68 and a debt-to-equity ratio of 0.14. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $135.24. The stock has a market capitalization of $47.81 billion, a P/E ratio of 113.16 and a beta of 0.98. The business’s fifty day moving average price is $114.36 and its 200 day moving average price is $96.18.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Friday, February 13th. The basic materials company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07. Cameco had a return on equity of 9.35% and a net margin of 17.00%.The company had revenue of $874.57 million for the quarter, compared to analysts’ expectations of $782.13 million. During the same quarter in the previous year, the firm posted $0.36 earnings per share. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, research analysts anticipate 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.