Brevan Howard Capital Management LP bought a new position in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 19,473 shares of the basic materials company's stock, valued at approximately $1,003,000.
Other large investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in Cameco in the 3rd quarter worth $38,000. Tidal Investments LLC grew its holdings in Cameco by 9.2% in the 3rd quarter. Tidal Investments LLC now owns 25,396 shares of the basic materials company's stock worth $1,213,000 after acquiring an additional 2,142 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Cameco by 1,138.1% in the 3rd quarter. Principal Financial Group Inc. now owns 267,431 shares of the basic materials company's stock worth $12,774,000 after acquiring an additional 245,831 shares during the last quarter. Canandaigua National Bank & Trust Co. bought a new stake in Cameco in the 4th quarter worth $206,000. Finally, Miracle Mile Advisors LLC grew its holdings in Cameco by 5.9% in the 4th quarter. Miracle Mile Advisors LLC now owns 8,845 shares of the basic materials company's stock worth $455,000 after acquiring an additional 495 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. Sanford C. Bernstein started coverage on shares of Cameco in a report on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 price target on the stock. Desjardins started coverage on shares of Cameco in a research report on Friday, April 4th. They set a "buy" rating on the stock. Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. StockNews.com cut shares of Cameco from a "hold" rating to a "sell" rating in a research report on Monday, May 5th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $90.00 price objective on shares of Cameco in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, nine have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $70.03.
Read Our Latest Research Report on CCJ
Cameco Price Performance
Shares of NYSE CCJ traded up $0.11 during midday trading on Monday, reaching $50.84. The stock had a trading volume of 3,990,629 shares, compared to its average volume of 4,085,003. The stock has a 50-day moving average of $42.74 and a 200-day moving average of $48.90. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The company has a market capitalization of $22.13 billion, a price-to-earnings ratio of 181.48 and a beta of 0.89. Cameco Co. has a 12-month low of $35.00 and a 12-month high of $62.55.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). Cameco had a return on equity of 4.34% and a net margin of 5.39%. The business had revenue of $549.58 million during the quarter, compared to analysts' expectations of $890.07 million. During the same period in the previous year, the business earned $0.13 earnings per share. The business's quarterly revenue was up 24.4% on a year-over-year basis. As a group, research analysts anticipate that Cameco Co. will post 1.27 EPS for the current fiscal year.
Cameco Profile
(
Free Report)
Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.
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