Bradley Foster & Sargent Inc. CT Has $4.54 Million Holdings in Cameco Corporation $CCJ

Bradley Foster & Sargent Inc. CT cut its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 17.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,136 shares of the basic materials company’s stock after selling 11,743 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Cameco were worth $4,540,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CCJ. TD Asset Management Inc lifted its stake in shares of Cameco by 116.7% in the third quarter. TD Asset Management Inc now owns 4,622,932 shares of the basic materials company’s stock valued at $388,068,000 after buying an additional 2,489,207 shares during the period. Waratah Capital Advisors Ltd. acquired a new position in Cameco in the 3rd quarter valued at approximately $1,884,000. Strata Wealth Advisors LLC acquired a new position in Cameco in the 3rd quarter valued at approximately $200,000. Compound Planning Inc. lifted its position in shares of Cameco by 199.1% in the 3rd quarter. Compound Planning Inc. now owns 9,827 shares of the basic materials company’s stock worth $824,000 after acquiring an additional 6,541 shares during the period. Finally, Dakota Wealth Management grew its holdings in shares of Cameco by 5.4% during the 3rd quarter. Dakota Wealth Management now owns 33,234 shares of the basic materials company’s stock worth $2,787,000 after purchasing an additional 1,694 shares in the last quarter. Institutional investors own 70.21% of the company’s stock.

Cameco Stock Performance

NYSE:CCJ opened at $119.66 on Thursday. The stock has a market capitalization of $52.11 billion, a P/E ratio of 123.36 and a beta of 0.99. 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 1 year low of $35.00 and a 1 year high of $135.24. The firm has a 50 day moving average of $110.73 and a 200-day moving average of $94.30.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Friday, February 13th. The basic materials company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. The firm had revenue of $874.57 million during the quarter, compared to analysts’ expectations of $782.13 million. Cameco had a return on equity of 9.35% and a net margin of 17.00%.The business’s revenue was up 1.5% on a year-over-year basis. During the same period last year, the firm posted $0.36 EPS. As a group, sell-side analysts anticipate that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Scotiabank restated an “outperform” rating on shares of Cameco in a research note on Wednesday, October 29th. Wall Street Zen lowered shares of Cameco from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. The Goldman Sachs Group restated a “buy” rating and issued a $131.00 price objective on shares of Cameco in a research note on Wednesday, February 4th. Weiss Ratings upgraded shares of Cameco from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday. Finally, Glj Research reissued 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. 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $143.03.

Cameco Company 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.