Cameco Corporation $CCJ Shares Purchased by Calamos Wealth Management LLC

Calamos Wealth Management LLC raised its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 35.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,706 shares of the basic materials company’s stock after buying an additional 7,749 shares during the quarter. Calamos Wealth Management LLC’s holdings in Cameco were worth $2,718,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Financial Consulate Inc. acquired a new stake in Cameco during the 3rd quarter valued at $25,000. Nisa Investment Advisors LLC acquired a new stake in Cameco during the 4th quarter valued at $25,000. Founders Capital Management purchased a new position in shares of Cameco during the 4th quarter worth $27,000. Strategic Advocates LLC purchased a new position in shares of Cameco during the 3rd quarter worth $28,000. Finally, Sunbelt Securities Inc. lifted its stake in shares of Cameco by 928.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 325 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Trading Down 1.3%

Shares of Cameco stock opened at $122.26 on Friday. Cameco Corporation has a fifty-two week low of $43.21 and a fifty-two week high of $135.24. The firm has a market cap of $53.25 billion, a PE ratio of 126.05 and a beta of 1.02. The business’s fifty day moving average is $114.65 and its two-hundred day moving average is $104.29. The company has a quick ratio of 1.68, a current ratio of 2.47 and a debt-to-equity ratio of 0.14.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Friday, February 13th. The basic materials company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.07. The business had revenue of $874.57 million for the quarter, compared to analyst estimates of $782.13 million. Cameco had a return on equity of 9.35% and a net margin of 17.00%.The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the company posted $0.36 EPS. Analysts anticipate that Cameco Corporation will post 1.48 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Canadian Imperial Bank of Commerce increased their price target on Cameco to $202.00 in a research note on Monday, March 9th. Sanford C. Bernstein reissued an “outperform” rating and set a $147.00 price target on shares of Cameco in a research note on Thursday, February 5th. TD Securities lowered Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Glj Research reissued a “buy” rating and set a $171.20 price target (up from $100.00) on shares of Cameco in a research note on Wednesday, February 18th. Finally, Weiss Ratings raised Cameco from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cameco has a consensus rating of “Moderate Buy” and a consensus target price of $150.40.

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.