Lee Danner & Bass Inc. acquired a new stake in shares of Cameco Corporation (NYSE:CCJ – Free Report) (TSE:CCO) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 85,000 shares of the basic materials company’s stock, valued at approximately $9,232,000.
Several other large investors also recently bought and sold shares of CCJ. Vanguard Group Inc. lifted its stake in Cameco by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 18,059,335 shares of the basic materials company’s stock valued at $1,653,639,000 after acquiring an additional 258,193 shares during the period. Capital World Investors grew its stake in shares of Cameco by 0.3% in the fourth quarter. Capital World Investors now owns 13,545,354 shares of the basic materials company’s stock worth $1,240,047,000 after acquiring an additional 41,430 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Cameco by 0.7% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,973,799 shares of the basic materials company’s stock valued at $1,089,080,000 after purchasing an additional 85,762 shares during the last quarter. Van ECK Associates Corp lifted its position in Cameco by 15.6% during the fourth quarter. Van ECK Associates Corp now owns 6,292,995 shares of the basic materials company’s stock valued at $575,771,000 after purchasing an additional 849,188 shares during the period. Finally, Morgan Stanley lifted its position in Cameco by 7.0% during the fourth quarter. Morgan Stanley now owns 4,978,333 shares of the basic materials company’s stock valued at $455,468,000 after purchasing an additional 323,693 shares during the period. 70.21% of the stock is currently owned by institutional investors.
Cameco Stock Down 0.2%
CCJ opened at $96.36 on Friday. The company has a current ratio of 3.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14. Cameco Corporation has a 1-year low of $68.96 and a 1-year high of $135.24. The company has a market capitalization of $41.97 billion, a PE ratio of 89.22, a PEG ratio of 1.76 and a beta of 1.02. The firm’s 50 day simple moving average is $109.26 and its two-hundred day simple moving average is $110.53.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the company. Barclays initiated coverage on Cameco in a research note on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 price target on the stock. Weiss Ratings cut Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Scotiabank reissued an “outperform” rating and issued a $175.00 target price on shares of Cameco in a report on Wednesday, May 6th. William Blair started coverage on Cameco in a research report on Monday, April 20th. They issued an “outperform” rating on the stock. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $135.00 price target on shares of Cameco in a research note on Monday, June 15th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $148.92.
Get Our Latest Stock Report on Cameco
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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