Brasada Capital Management LP bought a new position in shares of Cameco Corporation (NYSE:CCJ – Free Report) (TSE:CCO) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 43,981 shares of the basic materials company’s stock, valued at approximately $4,480,000.
A number of other large investors have also modified their holdings of the business. Pacific Heights Asset Management LLC acquired a new stake in shares of Cameco in the 2nd quarter valued at approximately $50,930,000. Public Employees Retirement System of Ohio acquired a new position in Cameco during the second quarter worth $3,809,000. Corient Private Wealth LP acquired a new position in Cameco during the second quarter worth $5,344,000. Permanens Capital L.P. purchased a new position in Cameco in the second quarter worth $17,500,000. Finally, Philadelphia Financial Management of San Francisco LLC purchased a new position in Cameco in the second quarter worth $4,614,258,000. 70.21% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
CCJ has been the subject of a number of recent analyst reports. Scotiabank reissued an “outperform” rating and issued a $175.00 target price on shares of Cameco in a report on Wednesday, May 6th. Weiss Ratings cut shares of Cameco from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, August 12th. Royal Bank Of Canada raised their price objective on shares of Cameco from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Citigroup reiterated a “positive” rating on shares of Cameco in a research report on Wednesday, July 15th. Finally, Wall Street Zen lowered Cameco from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. 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 company has a consensus rating of “Moderate Buy” and a consensus price target of $145.68.
Cameco Stock Performance
NYSE:CCJ opened at $106.40 on Friday. The company has a current ratio of 3.06, a quick ratio of 2.10 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $46.34 billion, a P/E ratio of 180.34, a price-to-earnings-growth ratio of 1.84 and a beta of 1.05. The firm has a 50-day moving average price of $96.13 and a two-hundred day moving average price of $107.12. Cameco Corporation has a twelve month low of $73.20 and a twelve month high of $135.24.
Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) last announced its quarterly earnings results on Friday, July 31st. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.13). The business had revenue of $573.06 million during the quarter, compared to analysts’ expectations of $579.60 million. Cameco had a net margin of 10.20% and a return on equity of 7.59%. The firm’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same period last year, the company earned $0.71 EPS. As a group, research analysts expect that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.
Cameco Company 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.
Featured Stories
- Five stocks we like better than Cameco
- Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape
- SEC Probe Puts Wall Street Leverage Risk Back in Focus
- A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole
- Five Below’s Turnaround Is Working—But Has the Stock Run Too Far?
Want to see what other hedge funds are holding CCJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cameco Corporation (NYSE:CCJ – Free Report) (TSE:CCO).
Receive News & Ratings for Cameco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cameco and related companies with MarketBeat.com's FREE daily email newsletter.
