Trivium Point Advisory LLC purchased a new position in Cameco Corporation (NYSE:CCJ – Free Report) (TSE:CCO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 79,990 shares of the basic materials company’s stock, valued at approximately $8,148,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Norges Bank purchased a new position in shares of Cameco in the 4th quarter valued at $443,265,000. Marshall Wace LLP boosted its position in Cameco by 7,481.3% during the fourth quarter. Marshall Wace LLP now owns 1,752,571 shares of the basic materials company’s stock valued at $160,343,000 after purchasing an additional 1,729,454 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Cameco during the second quarter valued at about $163,449,000. Northwestern Mutual Wealth Management Co. grew its stake in Cameco by 14,338.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,112,080 shares of the basic materials company’s stock valued at $101,744,000 after purchasing an additional 1,104,378 shares during the last quarter. Finally, Man Group plc raised its holdings in Cameco by 126.3% in the third quarter. Man Group plc now owns 1,698,728 shares of the basic materials company’s stock worth $142,455,000 after purchasing an additional 948,068 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors.
Cameco Price Performance
Shares of CCJ opened at $97.74 on Monday. The business’s 50-day moving average is $96.44 and its two-hundred day moving average is $108.43. The company has a market capitalization of $42.57 billion, a P/E ratio of 165.66, a P/E/G ratio of 1.67 and a beta of 1.05. Cameco Corporation has a fifty-two week low of $68.96 and a fifty-two week high of $135.24. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.10 and a current ratio of 3.06.
Analysts Set New Price Targets
A number of equities research analysts recently commented on CCJ shares. Weiss Ratings cut shares of Cameco from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday. Royal Bank Of Canada upped their price target on Cameco from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Monday, June 29th. Barclays lowered their price objective on Cameco from $104.00 to $97.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 4th. Citigroup restated a “positive” rating on shares of Cameco in a research note on Wednesday, July 15th. Finally, Scotiabank reaffirmed an “outperform” rating and set a $175.00 target price on shares of Cameco in a research report on Wednesday, May 6th. Fourteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $145.68.
View Our Latest Research 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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