Cameco Corporation $CCJ Shares Purchased by Compound Planning Inc.

Compound Planning Inc. boosted its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 199.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 9,827 shares of the basic materials company’s stock after purchasing an additional 6,541 shares during the period. Compound Planning Inc.’s holdings in Cameco were worth $824,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CCJ. International Assets Investment Management LLC grew its holdings in shares of Cameco by 3.1% during the third quarter. International Assets Investment Management LLC now owns 3,938 shares of the basic materials company’s stock worth $330,000 after buying an additional 120 shares during the last quarter. Lee Johnson Capital Management LLC raised its stake in Cameco by 1.2% during the 3rd quarter. Lee Johnson Capital Management LLC now owns 10,770 shares of the basic materials company’s stock valued at $903,000 after acquiring an additional 127 shares during the last quarter. Wealth Alliance LLC lifted its position in Cameco by 1.6% during the 2nd quarter. Wealth Alliance LLC now owns 10,036 shares of the basic materials company’s stock worth $745,000 after acquiring an additional 154 shares during the period. Versant Capital Management Inc grew its stake in shares of Cameco by 11.2% in the 3rd quarter. Versant Capital Management Inc now owns 1,590 shares of the basic materials company’s stock valued at $133,000 after purchasing an additional 160 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in shares of Cameco by 4.4% in the third quarter. Oppenheimer Asset Management Inc. now owns 3,758 shares of the basic materials company’s stock valued at $315,000 after purchasing an additional 160 shares during the period. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Price Performance

Shares of NYSE:CCJ opened at $118.15 on Friday. The firm has a market capitalization of $51.46 billion, a price-to-earnings ratio of 121.80 and a beta of 0.99. 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 business’s 50 day simple moving average is $111.35 and its 200-day simple moving average is $94.46. Cameco Corporation has a 12 month low of $35.00 and a 12 month high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last announced 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. Cameco had a return on equity of 9.35% and a net margin of 17.00%.The business had revenue of $874.57 million during the quarter, compared to analysts’ expectations of $782.13 million. During the same quarter last year, the business posted $0.36 earnings per share. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. As a group, equities analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CCJ shares. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $147.00 price target on shares of Cameco in a report on Thursday, February 5th. Raymond James Financial restated an “outperform” rating on shares of Cameco in a research report on Wednesday, January 14th. Weiss Ratings raised shares of Cameco from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday. Glj Research reiterated 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, Zacks Research downgraded shares of Cameco from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.