TD Waterhouse Canada Inc. Buys 113,748 Shares of Cameco Corporation $CCJ

by · The Markets Daily

TD Waterhouse Canada Inc. increased its stake in Cameco Corporation (NYSE:CCJ – Free Report) (TSE:CCO) by 11.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,135,870 shares of the basic materials company’s stock after acquiring an additional 113,748 shares during the period. TD Waterhouse Canada Inc.’s holdings in Cameco were worth $97,284,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Banque Pictet & Cie SA purchased a new position in Cameco during the third quarter worth approximately $1,482,000. Shelton Wealth Management LLC grew its stake in shares of Cameco by 12.0% during the 3rd quarter. Shelton Wealth Management LLC now owns 23,391 shares of the basic materials company’s stock valued at $2,027,000 after buying an additional 2,515 shares during the period. Walser Wealth Management Company A Ltd Liability Co grew its stake in shares of Cameco by 2.3% during the 3rd quarter. Walser Wealth Management Company A Ltd Liability Co now owns 62,291 shares of the basic materials company’s stock valued at $5,399,000 after buying an additional 1,428 shares during the period. Formuepleje A S acquired a new stake in shares of Cameco during the 3rd quarter worth $19,694,000. Finally, Strategy Asset Managers LLC increased its holdings in shares of Cameco by 1.4% during the 3rd quarter. Strategy Asset Managers LLC now owns 15,608 shares of the basic materials company’s stock worth $1,353,000 after buying an additional 223 shares during the last quarter. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Citigroup reaffirmed a “positive” rating on shares of Cameco in a research report on Wednesday, July 15th. Barclays dropped their price target on Cameco from $104.00 to $97.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 4th. Truist Financial raised their price objective on Cameco from $129.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Jefferies Financial Group initiated coverage on Cameco in a research note on Thursday, September 3rd. They issued a “buy” rating and a $138.00 price objective on the stock. Finally, Royal Bank Of Canada boosted their target price on Cameco from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. Twelve investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.68.

View Our Latest Report on CCJ

Cameco Stock Down 2.1%

Shares of NYSE CCJ traded down $1.77 on Friday, hitting $81.46. The company had a trading volume of 2,932,717 shares, compared to its average volume of 3,596,000. The company has a quick ratio of 2.10, a current ratio of 3.06 and a debt-to-equity ratio of 0.14. Cameco Corporation has a 12-month low of $77.70 and a 12-month high of $135.24. The firm has a market capitalization of $35.48 billion, a P/E ratio of 138.06, a PEG ratio of 1.69 and a beta of 1.17. The business has a 50 day moving average of $94.11 and a two-hundred day moving average of $101.49.

Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) last announced its earnings results on Friday, July 31st. The basic materials company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.13). The company had revenue of $573.06 million for the quarter, compared to analysts’ expectations of $579.60 million. Cameco had a net margin of 10.20% and a return on equity of 7.59%. The business’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 earnings per share. As a group, equities research analysts forecast that Cameco Corporation will post 1.07 earnings per share for the current fiscal year.

Cameco Profile

(Free Report)

Cameco Corporation is a Canadian uranium company headquartered in Saskatoon, Saskatchewan. It is one of the world’s major suppliers of uranium, producing uranium concentrates used to generate nuclear power. The company’s operations span uranium exploration, mining, milling, refining, conversion and fuel manufacturing.

Cameco operates or has interests in uranium assets in Canada, the United States and Kazakhstan. Its Canadian portfolio includes the McArthur River and Cigar Lake mines and the Key Lake and McClean Lake milling operations in northern Saskatchewan.

See Also

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