Edmond DE Rothschild Holding S.A. bought a new stake in shares of Cameco Corporation (NYSE:CCJ – Free Report) (TSE:CCO) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 24,830 shares of the basic materials company’s stock, valued at approximately $2,528,000.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Bison Wealth LLC grew its holdings in Cameco by 16.1% in the fourth quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company’s stock worth $1,102,000 after purchasing an additional 2,975 shares during the period. AQR Capital Management LLC raised its holdings in shares of Cameco by 16.6% during the first quarter. AQR Capital Management LLC now owns 9,547 shares of the basic materials company’s stock valued at $393,000 after purchasing an additional 1,361 shares during the period. Integrated Wealth Concepts LLC raised its holdings in shares of Cameco by 48.7% during the first quarter. Integrated Wealth Concepts LLC now owns 8,485 shares of the basic materials company’s stock valued at $349,000 after purchasing an additional 2,780 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Cameco by 11.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 604,841 shares of the basic materials company’s stock worth $24,895,000 after purchasing an additional 64,512 shares in the last quarter. Finally, NewGen Equity Long Short Fund bought a new position in shares of Cameco during the 2nd quarter worth about $14,252,000. 70.21% of the stock is owned by institutional investors.
Cameco Price Performance
Shares of NYSE CCJ opened at $95.55 on Friday. The stock has a market cap of $41.61 billion, a price-to-earnings ratio of 161.95, a PEG ratio of 1.68 and a beta of 1.05. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.10 and a current ratio of 3.06. Cameco Corporation has a fifty-two week low of $70.47 and a fifty-two week high of $135.24. The firm’s 50-day simple moving average is $96.18 and its 200 day simple moving average is $107.53.
Wall Street Analyst Weigh In
CCJ has been the subject of a number of research analyst reports. Truist Financial boosted their target price on Cameco from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Wall Street Zen cut Cameco from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings downgraded Cameco from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $135.00 target price on shares of Cameco in a research report on Monday, June 15th. Finally, Citigroup reiterated a “positive” rating on shares of Cameco in a report on Wednesday, July 15th. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $145.68.
Check Out Our Latest Analysis on Cameco
Cameco 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.
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