Formuepleje A S purchased a new position in Cameco Corporation (NYSE:CCJ – Free Report) (TSE:CCO) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 227,234 shares of the basic materials company’s stock, valued at approximately $19,694,000. Cameco makes up about 1.7% of Formuepleje A S’s portfolio, making the stock its 19th largest holding.
Several other institutional investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC bought a new position in shares of Cameco in the first quarter worth about $30,000. Brown Lisle Cummings Inc. lifted its holdings in Cameco by 3,200.0% during the first quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company’s stock worth $32,000 after buying an additional 288 shares during the period. Western Wealth Management LLC purchased a new stake in shares of Cameco during the 1st quarter worth $39,000. CX Institutional boosted its holdings in shares of Cameco by 2,181.2% in the 3rd quarter. CX Institutional now owns 365 shares of the basic materials company’s stock valued at $32,000 after buying an additional 349 shares in the last quarter. Finally, Copos Capital S.a r.l. acquired a new stake in Cameco in the fourth quarter valued at approximately $35,000. Institutional investors own 70.21% of the company’s stock.
Cameco Stock Performance
NYSE:CCJ traded up $1.30 during mid-day trading on Thursday, hitting $82.77. The company’s stock had a trading volume of 2,968,166 shares, compared to its average volume of 3,521,011. Cameco Corporation has a 1 year low of $77.70 and a 1 year high of $135.24. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.06 and a quick ratio of 2.10. The stock has a market cap of $36.05 billion, a price-to-earnings ratio of 140.10, a PEG ratio of 1.76 and a beta of 1.17. The business’s fifty day moving average is $94.64 and its two-hundred day moving average is $101.77.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on CCJ shares. Barclays dropped their price target on Cameco from $104.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 4th. Weiss Ratings raised Cameco from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Citigroup reiterated a “positive” rating on shares of Cameco in a research report on Wednesday, July 15th. Wall Street Zen downgraded shares of Cameco from a “hold” rating to a “sell” rating in a report on Saturday, September 19th. Finally, Zacks Research cut shares of Cameco from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th. Twelve research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $148.68.
View Our Latest Stock Analysis on Cameco
Cameco Company Profile
Cameco Corporation is a Canadian uranium company headquartered in Saskatoon, Saskatchewan. It is one of the world’s major suppliers of uranium, producing uranium concentrates used to generate nuclear power. The company’s operations span uranium exploration, mining, milling, refining, conversion and fuel manufacturing.
Cameco operates or has interests in uranium assets in Canada, the United States and Kazakhstan. Its Canadian portfolio includes the McArthur River and Cigar Lake mines and the Key Lake and McClean Lake milling operations in northern Saskatchewan.
Further Reading
- Five stocks we like better than Cameco
- Beyond the GPU: Credo Paves the Next AI Data Superhighway
- Fastenal Flashes Bullish Signal as Uptrend Holds Despite Margin Pressure
- Synopsys Signals Confidence With $1B Accelerated Buyback, Analysts Raise Targets
- Domino’s Pizza: As Cheap As It Gets, Nowhere to Go But Up
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.
