Barings LLC Raises Position in Cameco Corporation $CCJ

Barings LLC increased its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 47.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,548 shares of the basic materials company’s stock after purchasing an additional 14,272 shares during the quarter. Barings LLC’s holdings in Cameco were worth $4,079,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Cameco by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 18,059,335 shares of the basic materials company’s stock valued at $1,653,639,000 after purchasing an additional 258,193 shares during the period. Capital World Investors boosted its stake in shares of Cameco by 0.3% in the fourth quarter. Capital World Investors now owns 13,545,354 shares of the basic materials company’s stock valued at $1,240,047,000 after purchasing an additional 41,430 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Cameco by 0.7% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,973,799 shares of the basic materials company’s stock valued at $1,089,080,000 after purchasing an additional 85,762 shares during the period. Van ECK Associates Corp boosted its stake in shares of Cameco by 43.3% in the third quarter. Van ECK Associates Corp now owns 5,443,807 shares of the basic materials company’s stock valued at $456,530,000 after purchasing an additional 1,644,061 shares during the period. Finally, Norges Bank purchased a new position in shares of Cameco in the fourth quarter valued at $443,265,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Trading Up 4.2%

NYSE CCJ opened at $98.97 on Friday. Cameco Corporation has a 12 month low of $64.84 and a 12 month high of $135.24. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.08 and a quick ratio of 2.09. The company has a market capitalization of $43.11 billion, a price-to-earnings ratio of 91.64, a price-to-earnings-growth ratio of 1.61 and a beta of 0.99. The company’s fifty day moving average price is $113.33 and its two-hundred day moving average price is $109.15.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The company had revenue of $607.49 million for the quarter, compared to the consensus estimate of $598.63 million. During the same quarter last year, the business posted $0.16 EPS. Cameco’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, research analysts predict that Cameco Corporation will post 1.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Royal Bank Of Canada increased their price target on Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. William Blair assumed coverage on Cameco in a report on Monday, April 20th. They issued an “outperform” rating for the company. Barclays assumed coverage on Cameco in a report on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 price target for the company. TD Securities downgraded Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Finally, Scotiabank reissued an “outperform” rating and issued a $175.00 price target on shares of Cameco in a report on Wednesday, May 6th. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $148.62.

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.