Gunderson Capital Management LLC Buys 31,677 Shares of Cameco Corporation $CCJ

Gunderson Capital Management LLC grew its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 49.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 95,660 shares of the basic materials company’s stock after acquiring an additional 31,677 shares during the quarter. Cameco comprises about 4.3% of Gunderson Capital Management LLC’s investment portfolio, making the stock its 3rd largest holding. Gunderson Capital Management LLC’s holdings in Cameco were worth $10,390,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CCJ. Clearstead Advisors LLC boosted its stake in Cameco by 0.8% during the 4th quarter. Clearstead Advisors LLC now owns 10,158 shares of the basic materials company’s stock valued at $929,000 after purchasing an additional 85 shares during the period. Legacy Bridge LLC boosted its position in shares of Cameco by 0.9% during the fourth quarter. Legacy Bridge LLC now owns 11,508 shares of the basic materials company’s stock worth $1,053,000 after buying an additional 100 shares during the period. Groupama Asset Managment boosted its position in shares of Cameco by 5.9% during the fourth quarter. Groupama Asset Managment now owns 1,928 shares of the basic materials company’s stock worth $176,000 after buying an additional 108 shares during the period. S.A. Mason LLC grew its holdings in Cameco by 4.8% in the 4th quarter. S.A. Mason LLC now owns 2,436 shares of the basic materials company’s stock worth $223,000 after buying an additional 111 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in Cameco by 19.9% in the 4th quarter. GAMMA Investing LLC now owns 676 shares of the basic materials company’s stock valued at $62,000 after acquiring an additional 112 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CCJ shares. Scotiabank reissued an “outperform” rating and issued a $175.00 price target on shares of Cameco in a research note on Wednesday, May 6th. William Blair assumed coverage on shares of Cameco in a research report on Monday, April 20th. They set an “outperform” rating on the stock. Canadian Imperial Bank of Commerce upped their price target on shares of Cameco to $202.00 in a research note on Monday, March 9th. Weiss Ratings cut shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Finally, TD Securities cut Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $147.42.

Cameco Price Performance

NYSE:CCJ opened at $104.54 on Friday. The business’s 50-day moving average price is $111.50 and its 200 day moving average price is $110.32. The firm has a market cap of $45.53 billion, a P/E ratio of 96.80, a PEG ratio of 1.91 and a beta of 0.99. Cameco Corporation has a 52-week low of $68.96 and a 52-week 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.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.05. The company had revenue of $607.49 million during the quarter, compared to analyst estimates of $598.63 million. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 EPS. As a group, sell-side analysts predict that Cameco Corporation will post 1.21 earnings per share for the current fiscal year.

About Cameco

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.