Oak Harvest Investment Services Buys 12,252 Shares of Cameco Corporation $CCJ

Oak Harvest Investment Services boosted its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 35.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 46,446 shares of the basic materials company’s stock after purchasing an additional 12,252 shares during the quarter. Oak Harvest Investment Services’ holdings in Cameco were worth $4,249,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Trivium Point Advisory LLC boosted its position in Cameco by 4.2% during the fourth quarter. Trivium Point Advisory LLC now owns 103,516 shares of the basic materials company’s stock valued at $9,471,000 after purchasing an additional 4,214 shares in the last quarter. Merit Financial Group LLC boosted its position in Cameco by 20.1% during the fourth quarter. Merit Financial Group LLC now owns 6,398 shares of the basic materials company’s stock valued at $585,000 after purchasing an additional 1,069 shares in the last quarter. CM Wealth Advisors LLC bought a new stake in Cameco during the fourth quarter valued at about $915,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Cameco by 2.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 255,352 shares of the basic materials company’s stock worth $23,362,000 after acquiring an additional 5,360 shares in the last quarter. Finally, Means Investment CO. Inc. boosted its holdings in Cameco by 24.9% in the fourth quarter. Means Investment CO. Inc. now owns 16,642 shares of the basic materials company’s stock worth $1,523,000 after acquiring an additional 3,322 shares in the last quarter. Institutional investors own 70.21% of the company’s stock.

Cameco Trading Up 0.2%

Cameco stock opened at $120.53 on Friday. 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 $38.97 and a 52 week high of $135.24. The company has a market capitalization of $52.49 billion, a price-to-earnings ratio of 124.25 and a beta of 1.02. The stock has a 50-day moving average price of $114.15 and a 200 day moving average price of $102.96.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results 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. Cameco had a return on equity of 9.35% and a net margin of 17.00%.The firm had revenue of $874.57 million during the quarter, compared to the consensus estimate of $782.13 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue was up 1.5% compared to the same quarter last year. Sell-side analysts anticipate that Cameco Corporation will post 1.27 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CCJ. Canadian Imperial Bank of Commerce raised their price target on Cameco to $202.00 in a report on Monday, March 9th. Weiss Ratings raised Cameco from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Sanford C. Bernstein reissued an “outperform” rating and issued a $147.00 price target on shares of Cameco in a report on Thursday, February 5th. Glj Research reissued a “buy” rating and issued a $171.20 price target (up from $100.00) on shares of Cameco in a report on Wednesday, February 18th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $131.00 price target on shares of Cameco in a report on Wednesday, February 4th. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.