Fisher Asset Management LLC Invests $415,000 in Cameco Corporation $CCJ

Fisher Asset Management LLC purchased a new stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 4,952 shares of the basic materials company’s stock, valued at approximately $415,000.

Several other large investors have also made changes to their positions in the company. Bison Wealth LLC raised its position in Cameco by 16.1% during the fourth quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company’s stock valued at $1,102,000 after acquiring an additional 2,975 shares in the last quarter. AQR Capital Management LLC grew its position in Cameco by 16.6% in the first quarter. AQR Capital Management LLC now owns 9,547 shares of the basic materials company’s stock worth $393,000 after acquiring an additional 1,361 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of Cameco by 48.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 8,485 shares of the basic materials company’s stock worth $349,000 after purchasing an additional 2,780 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Cameco by 11.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 604,841 shares of the basic materials company’s stock worth $24,895,000 after purchasing an additional 64,512 shares during the last quarter. Finally, Atlantic Union Bankshares Corp bought a new position in shares of Cameco during the 2nd quarter valued at $74,000. Institutional investors own 70.21% of the company’s stock.

Cameco Trading Down 3.9%

Shares of Cameco stock opened at $109.77 on Monday. Cameco Corporation has a 52-week low of $35.00 and a 52-week high of $135.24. The firm has a market capitalization of $47.81 billion, a PE ratio of 113.16 and a beta of 0.98. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.47 and a quick ratio of 1.68. The company’s fifty day moving average price is $114.36 and its two-hundred day moving average price is $96.52.

Cameco (NYSE:CCJ) (TSE:CCO) last released 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. The company had revenue of $874.57 million during the quarter, compared to the consensus estimate of $782.13 million. Cameco had a net margin of 17.00% and a return on equity of 9.35%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the firm earned $0.36 EPS. On average, analysts expect that Cameco Corporation will post 1.27 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Royal Bank Of Canada upped their price objective on shares of Cameco from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Raymond James Financial restated an “outperform” rating on shares of Cameco in a report on Wednesday, January 14th. Glj Research reaffirmed a “buy” rating and issued a $171.20 price target (up from $100.00) on shares of Cameco in a research report on Wednesday, February 18th. Sanford C. Bernstein reiterated an “outperform” rating and set a $147.00 price target on shares of Cameco in a research note on Thursday, February 5th. Finally, Weiss Ratings raised Cameco from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. One 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.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $143.03.

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.