Commerce Bank acquired a new position in Cameco Corporation (NYSE:CCJ – Free Report) (TSE:CCO) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 7,032 shares of the basic materials company’s stock, valued at approximately $716,000.
Other institutional investors have also recently bought and sold shares of the company. Clearstead Advisors LLC lifted its position in shares of Cameco by 0.8% in the fourth quarter. Clearstead Advisors LLC now owns 10,158 shares of the basic materials company’s stock worth $929,000 after purchasing an additional 85 shares in the last quarter. HB Wealth Management LLC grew its position in Cameco by 3.1% during the first quarter. HB Wealth Management LLC now owns 3,560 shares of the basic materials company’s stock valued at $387,000 after purchasing an additional 107 shares in the last quarter. Groupama Asset Managment increased its stake in Cameco by 5.9% in the 4th quarter. Groupama Asset Managment now owns 1,928 shares of the basic materials company’s stock valued at $176,000 after buying an additional 108 shares during the period. Kingsview Wealth Management LLC lifted its position in Cameco by 3.4% in the 4th quarter. Kingsview Wealth Management LLC now owns 3,435 shares of the basic materials company’s stock worth $314,000 after buying an additional 114 shares in the last quarter. Finally, Midwest Trust Co lifted its position in Cameco by 4.8% in the 4th quarter. Midwest Trust Co now owns 2,522 shares of the basic materials company’s stock worth $231,000 after buying an additional 116 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.
Cameco Stock Up 0.5%
CCJ stock opened at $107.51 on Thursday. The firm has a market cap of $46.82 billion, a PE ratio of 182.22, a PEG ratio of 1.83 and a beta of 1.05. Cameco Corporation has a 1 year low of $73.20 and a 1 year high of $135.24. The company has a fifty day simple moving average of $96.14 and a 200 day simple moving average of $107.17. The company has a current ratio of 3.06, a quick ratio of 2.10 and a debt-to-equity ratio of 0.14.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on CCJ. Scotiabank reaffirmed an “outperform” rating and issued a $175.00 price target on shares of Cameco in a research note on Wednesday, May 6th. Wall Street Zen cut Cameco from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Royal Bank Of Canada boosted their target price on Cameco from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Barclays dropped their target price on Cameco from $104.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 4th. Finally, Citigroup reiterated a “positive” rating on shares of Cameco in a report on Wednesday, July 15th. Fourteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $145.68.
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.
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