Bristol Gate Capital Partners Inc. Takes Position in Cameco Corporation $CCJ

Bristol Gate Capital Partners Inc. purchased a new stake in Cameco Corporation (NYSE:CCJ – Free Report) (TSE:CCO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,750 shares of the basic materials company’s stock, valued at approximately $484,000.

Several other large investors have also recently bought and sold shares of the company. Hsbc Holdings PLC bought a new position in Cameco in the 2nd quarter valued at $2,427,000. EFG International AG bought a new stake in shares of Cameco during the second quarter worth $10,845,000. Dayah Capital LLC bought a new stake in shares of Cameco during the second quarter worth $2,498,000. Ancora Advisors LLC bought a new stake in shares of Cameco during the second quarter worth $2,861,000. Finally, Primecap Management Co. CA acquired a new position in shares of Cameco during the second quarter valued at $94,238,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

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Cameco Trading Up 4.7%

NYSE:CCJ opened at $107.03 on Wednesday. The company has a current ratio of 3.06, a quick ratio of 2.10 and a debt-to-equity ratio of 0.14. Cameco Corporation has a 1-year low of $73.20 and a 1-year high of $135.24. The firm has a market capitalization of $46.61 billion, a price-to-earnings ratio of 181.40, a PEG ratio of 1.75 and a beta of 1.05. The business’s 50-day moving average price is $96.10 and its two-hundred day moving average price is $107.18.

Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) last posted its earnings results on Friday, July 31st. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.13). The company had revenue of $573.06 million for the quarter, compared to analyst estimates of $579.60 million. Cameco had a return on equity of 7.59% and a net margin of 10.20%.Cameco’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.71 earnings per share. On average, equities analysts expect that Cameco Corporation will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CCJ. Citigroup reiterated a “positive” rating on shares of Cameco in a report on Wednesday, July 15th. Royal Bank Of Canada upped their target price on shares of Cameco from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Truist Financial raised their target price on shares of Cameco from $129.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Sanford C. Bernstein reiterated an “outperform” rating and set a $135.00 price target on shares of Cameco in a research report on Monday, June 15th. Finally, Weiss Ratings downgraded shares of Cameco from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, August 12th. Fourteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $145.68.

Check Out Our Latest Stock Analysis on Cameco

Cameco Company Profile

(Free Report)

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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