OMERS ADMINISTRATION Corp purchased a new position in shares of Cameco Corporation (NYSE:CCJ – Free Report) (TSE:CCO) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 162,760 shares of the basic materials company’s stock, valued at approximately $16,584,000.
Several other hedge funds have also recently added to or reduced their stakes in CCJ. Mcguire Capital Advisors Inc. purchased a new position in Cameco in the 4th quarter valued at $28,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Cameco by 30,700.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock worth $28,000 after buying an additional 307 shares in the last quarter. Sterling Capital Management LLC acquired a new stake in shares of Cameco in the first quarter valued at about $30,000. Sunbelt Securities Inc. raised its position in shares of Cameco by 928.6% in the third quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock valued at $30,000 after buying an additional 325 shares during the last quarter. Finally, Brown Lisle Cummings Inc. lifted its stake in shares of Cameco by 3,200.0% in 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 in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.
Cameco Stock Performance
Cameco stock opened at $102.55 on Monday. The firm has a 50 day simple moving average of $96.21 and a 200-day simple moving average of $107.40. Cameco Corporation has a 1-year low of $72.75 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 $44.66 billion, a price-to-earnings ratio of 173.81, a price-to-earnings-growth ratio of 1.75 and a beta of 1.05.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. Barclays cut their price objective on shares of Cameco from $104.00 to $97.00 and set an “equal weight” rating for the company in a report on Tuesday, August 4th. Truist Financial upped their price target on Cameco from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Royal Bank Of Canada increased their price target on Cameco from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Bank of America reduced their price objective on Cameco from $143.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Finally, Wall Street Zen cut Cameco from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Fourteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cameco currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.68.
Read Our Latest Stock Analysis on CCJ
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
- VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You?
- 3 Closed-End Funds to Maximize Dividend Payments
- Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy?
- $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over
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.
