Walser Wealth Management Company A Ltd Liability Co Boosts Holdings in Cameco Corporation $CCJ

Walser Wealth Management Company A Ltd Liability Co grew its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 459.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,173 shares of the basic materials company’s stock after acquiring an additional 16,566 shares during the quarter. Cameco comprises about 1.0% of Walser Wealth Management Company A Ltd Liability Co’s holdings, making the stock its 17th largest position. Walser Wealth Management Company A Ltd Liability Co’s holdings in Cameco were worth $2,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. Norges Bank acquired a new stake in shares of Cameco in the fourth quarter worth approximately $443,265,000. Marshall Wace LLP increased its position in Cameco by 7,481.3% during the fourth quarter. Marshall Wace LLP now owns 1,752,571 shares of the basic materials company’s stock worth $160,343,000 after purchasing an additional 1,729,454 shares during the last quarter. Van ECK Associates Corp raised its stake in Cameco by 43.3% during the third quarter. Van ECK Associates Corp now owns 5,443,807 shares of the basic materials company’s stock worth $456,530,000 after purchasing an additional 1,644,061 shares during the period. Mizuho Markets Cayman LP acquired a new position in shares of Cameco in the 3rd quarter valued at $128,370,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Cameco by 14,338.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,112,080 shares of the basic materials company’s stock valued at $101,744,000 after buying an additional 1,104,378 shares during the period. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Trading Down 3.4%

Shares of CCJ stock traded down $3.29 during mid-day trading on Tuesday, reaching $94.20. The company’s stock had a trading volume of 1,138,079 shares, compared to its average volume of 3,668,696. The company’s 50 day simple moving average is $108.73 and its 200-day simple moving average is $110.75. Cameco Corporation has a 12-month low of $68.96 and a 12-month high of $135.24. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $41.03 billion, a PE ratio of 86.93, a price-to-earnings-growth ratio of 1.76 and a beta of 1.02.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The firm had revenue of $607.49 million during the quarter, compared to analysts’ expectations of $598.63 million. During the same period in the prior year, the company earned $0.16 EPS. The firm’s revenue was up 7.1% on a year-over-year basis. On average, research analysts predict that Cameco Corporation will post 1.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CCJ has been the topic of several research reports. Canadian Imperial Bank of Commerce increased their target price on Cameco to $202.00 in a research report on Monday, March 9th. Weiss Ratings downgraded Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Royal Bank Of Canada upped their price target on Cameco from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. William Blair initiated coverage on Cameco in a research note on Monday, April 20th. They issued an “outperform” rating on the stock. Finally, TD Securities lowered Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Cameco currently has an average rating of “Moderate Buy” and an average price target of $148.92.

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.