Cameco Corporation $CCJ Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC increased its holdings in Cameco Corporation (NYSE:CCJ – Free Report) (TSE:CCO) by 211.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 684,567 shares of the basic materials company’s stock after buying an additional 464,867 shares during the quarter. Renaissance Technologies LLC’s holdings in Cameco were worth $74,351,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. boosted its position in Cameco by 35.2% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 535,743 shares of the basic materials company’s stock worth $58,187,000 after purchasing an additional 139,592 shares in the last quarter. Temasek Holdings Private Ltd purchased a new position in shares of Cameco during the 1st quarter valued at approximately $70,851,000. WCM Investment Management LLC acquired a new position in shares of Cameco in the 1st quarter valued at $35,342,000. Amova Asset Management Americas Inc. lifted its stake in shares of Cameco by 37.7% in the 1st quarter. Amova Asset Management Americas Inc. now owns 522,864 shares of the basic materials company’s stock valued at $56,788,000 after purchasing an additional 143,113 shares during the period. Finally, SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new stake in Cameco during the fourth quarter worth $1,974,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

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Cameco Price Performance

Shares of NYSE CCJ opened at $87.86 on Friday. The firm has a 50-day simple moving average of $101.20 and a 200-day simple moving average of $110.50. The stock has a market capitalization of $38.27 billion, a price-to-earnings ratio of 81.35, a price-to-earnings-growth ratio of 1.39 and a beta of 1.02. 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 Corporation has a 52 week low of $68.96 and a 52 week high of $135.24.

Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) last posted 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. The firm had revenue of $607.49 million for 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%. Cameco’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.16 earnings per share. On average, equities analysts predict that Cameco Corporation will post 1.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the stock. Royal Bank Of Canada raised their price target on shares of Cameco from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Weiss Ratings cut Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Truist Financial started coverage on Cameco in a research note on Monday, July 13th. They issued a “buy” rating and a $129.00 price target for the company. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $135.00 price target on shares of Cameco in a report on Monday, June 15th. Finally, Barclays lowered their price target on Cameco from $108.00 to $104.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Cameco has an average rating of “Moderate Buy” and a consensus target price of $146.18.

View Our Latest Stock Analysis on CCJ

About Cameco

(Free Report)

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.

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