Corient Private Wealth LP bought a new position in shares of Cameco Corporation (NYSE:CCJ – Free Report) (TSE:CCO) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 52,378 shares of the basic materials company’s stock, valued at approximately $5,344,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Clearstead Advisors LLC increased its position in shares of Cameco by 0.8% during the fourth quarter. Clearstead Advisors LLC now owns 10,158 shares of the basic materials company’s stock valued at $929,000 after acquiring an additional 85 shares during the last quarter. HB Wealth Management LLC boosted its position in Cameco by 3.1% in the first quarter. HB Wealth Management LLC now owns 3,560 shares of the basic materials company’s stock worth $387,000 after purchasing an additional 107 shares during the last quarter. Groupama Asset Managment grew its stake in Cameco by 5.9% in the 4th quarter. Groupama Asset Managment now owns 1,928 shares of the basic materials company’s stock valued at $176,000 after purchasing an additional 108 shares during the period. Kingsview Wealth Management LLC grew its stake in Cameco by 3.4% in the 4th quarter. Kingsview Wealth Management LLC now owns 3,435 shares of the basic materials company’s stock valued at $314,000 after purchasing an additional 114 shares during the period. Finally, Midwest Trust Co increased its position in shares of Cameco by 4.8% during the 4th quarter. Midwest Trust Co now owns 2,522 shares of the basic materials company’s stock valued at $231,000 after purchasing an additional 116 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.
Analyst Ratings Changes
CCJ has been the topic of a number of recent analyst reports. Bank of America lowered their target price on Cameco from $143.00 to $140.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Scotiabank restated an “outperform” rating and set a $175.00 price target on shares of Cameco in a research report on Wednesday, May 6th. Wall Street Zen downgraded shares of Cameco from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Weiss Ratings lowered shares of Cameco from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, August 12th. Finally, Barclays dropped their target price on shares of Cameco from $104.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 4th. Thirteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $145.68.
Cameco Stock Performance
NYSE:CCJ opened at $98.75 on Tuesday. 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 business has a fifty day simple moving average of $95.84 and a two-hundred day simple moving average of $106.84. Cameco Corporation has a 1 year low of $73.20 and a 1 year high of $135.24. The company has a market capitalization of $43.01 billion, a P/E ratio of 167.37, a P/E/G ratio of 1.71 and a beta of 1.05.
Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) last issued its quarterly earnings results on Friday, July 31st. The basic materials company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.13). The firm had revenue of $573.06 million for the quarter, compared to analysts’ expectations of $579.60 million. Cameco had a net margin of 10.20% and a return on equity of 7.59%. The firm’s quarterly revenue was down 6.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.71 EPS. On average, analysts expect that Cameco Corporation will post 1.27 earnings per share for the current year.
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.
Further Reading
- Five stocks we like better than Cameco
- Securing AI: 5 Most-Upgraded Stocks From the Q2 Reporting Season
- Insiders Are Betting Big on These 3 Healthcare Stocks
- 3 Stocks for Investors Who Still Believe Cash Is King
- Dollar General and Dollar Tree Are Recovering, But Not for the Same Reason
Want to see what other hedge funds are holding CCJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cameco Corporation (NYSE:CCJ – Free Report) (TSE:CCO).
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.
