Calamos Advisors LLC Acquires 5,006 Shares of Cameco Corporation $CCJ

Calamos Advisors LLC boosted its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 11.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,138 shares of the basic materials company’s stock after buying an additional 5,006 shares during the period. Calamos Advisors LLC’s holdings in Cameco were worth $4,496,000 as of its most recent filing with the Securities & Exchange Commission.

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

Cameco Stock Up 0.1%

CCJ stock opened at $122.26 on Monday. The firm has a 50 day moving average of $114.65 and a 200 day moving average of $104.54. The stock has a market capitalization of $53.25 billion, a PE ratio of 126.05, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02. 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 Corporation has a 52 week low of $43.21 and a 52 week high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last released 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. Cameco had a net margin of 17.00% and a return on equity of 9.35%. The company had revenue of $874.57 million for the quarter, compared to the consensus estimate of $782.13 million. During the same quarter in the previous year, the firm earned $0.36 EPS. Cameco’s revenue was up 1.5% compared to the same quarter last year. Sell-side analysts forecast that Cameco Corporation will post 1.2 earnings per share for the current year.

Analysts Set New Price Targets

CCJ has been the topic of a number of recent analyst reports. TD Securities cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. The Goldman Sachs Group reiterated a “buy” rating and set a $131.00 price objective on shares of Cameco in a research note on Wednesday, February 4th. Weiss Ratings raised shares of Cameco from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. William Blair assumed coverage on shares of Cameco in a report on Monday, April 20th. They issued an “outperform” rating on the stock. Finally, Glj Research reaffirmed 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. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $150.40.

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.