Leonteq Securities AG bought a new position in shares of Cameco Corporation (NYSE:CCJ – Free Report) (TSE:CCO) during the fourth quarter, HoldingsChannel.com reports. The firm bought 16,357 shares of the basic materials company’s stock, valued at approximately $1,504,000.
Other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC purchased a new stake in Cameco during the fourth quarter worth $25,000. Founders Capital Management purchased a new stake in Cameco during the fourth quarter worth $27,000. Strategic Advocates LLC purchased a new stake in Cameco during the third quarter worth $28,000. Sunbelt Securities Inc. boosted its position in Cameco by 928.6% during the third quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 325 shares in the last quarter. Finally, Delos Wealth Advisors LLC boosted its position in Cameco by 60.0% during the third quarter. Delos Wealth Advisors LLC now owns 400 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 150 shares in the last quarter. 70.21% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts have commented on CCJ shares. The Goldman Sachs Group reiterated a “buy” rating and set a $131.00 target price on shares of Cameco in a research report on Wednesday, February 4th. Zacks Research downgraded Cameco from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Scotiabank restated an “outperform” rating and issued a $175.00 price objective on shares of Cameco in a research report on Wednesday, May 6th. Glj Research restated a “buy” rating and issued a $171.20 price objective (up from $100.00) on shares of Cameco in a research report on Wednesday, February 18th. Finally, TD Securities downgraded Cameco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Cameco currently has an average rating of “Moderate Buy” and an average price target of $148.62.
Cameco Stock Performance
Shares of NYSE:CCJ opened at $105.47 on Friday. The firm has a market capitalization of $45.94 billion, a PE ratio of 97.66, a P/E/G ratio of 1.76 and a beta of 1.04. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.08 and a quick ratio of 2.09. The business has a 50-day moving average of $113.41 and a two-hundred day moving average of $107.20. Cameco Corporation has a 12 month low of $51.70 and a 12 month high of $135.24.
Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) last announced its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. The company had revenue of $607.49 million during the quarter, compared to analyst estimates of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The firm’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.16 earnings per share. As a group, research analysts forecast that Cameco Corporation will post 1.32 earnings per share for the current year.
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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