PKO Investment Management Joint Stock Co Takes $619,000 Position in Cameco Corporation (NYSE:CCJ)

PKO Investment Management Joint Stock Co purchased a new stake in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,000 shares of the basic materials company's stock, valued at approximately $619,000.

Several other hedge funds have also modified their holdings of CCJ. Allspring Global Investments Holdings LLC purchased a new stake in shares of Cameco during the fourth quarter valued at about $4,647,000. Vontobel Holding Ltd. raised its position in shares of Cameco by 10.4% in the 4th quarter. Vontobel Holding Ltd. now owns 15,735 shares of the basic materials company's stock valued at $808,000 after purchasing an additional 1,485 shares during the last quarter. Principal Securities Inc. raised its position in shares of Cameco by 132.9% in the 4th quarter. Principal Securities Inc. now owns 1,742 shares of the basic materials company's stock valued at $90,000 after purchasing an additional 994 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of Cameco in the 4th quarter valued at approximately $2,358,000. Finally, Allworth Financial LP raised its position in shares of Cameco by 192.7% in the 4th quarter. Allworth Financial LP now owns 3,480 shares of the basic materials company's stock valued at $196,000 after purchasing an additional 2,291 shares during the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Trading Down 1.9%

CCJ traded down $1.34 on Friday, hitting $68.33. The company had a trading volume of 5,505,542 shares, compared to its average volume of 4,422,160. The firm has a market cap of $29.75 billion, a P/E ratio of 170.83 and a beta of 0.97. Cameco Corporation has a 1 year low of $35.00 and a 1 year high of $71.31. The company's fifty day moving average price is $53.72 and its 200 day moving average price is $49.86. The company has a current ratio of 2.70, a quick ratio of 1.26 and a debt-to-equity ratio of 0.15.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.07). The firm had revenue of $549.58 million during the quarter, compared to analyst estimates of $890.07 million. Cameco had a net margin of 7.50% and a return on equity of 4.47%. The business's revenue was up 24.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 earnings per share. As a group, equities analysts expect that Cameco Corporation will post 1.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Royal Bank Of Canada raised their price target on shares of Cameco from $90.00 to $100.00 and gave the stock an "outperform" rating in a research report on Friday. Desjardins assumed coverage on shares of Cameco in a research note on Friday, April 4th. They set a "buy" rating on the stock. The Goldman Sachs Group lifted their price target on shares of Cameco from $65.00 to $78.00 and gave the company a "buy" rating in a research note on Wednesday, June 11th. Stifel Nicolaus assumed coverage on shares of Cameco in a research note on Wednesday, March 12th. They issued a "buy" rating on the stock. Finally, Glj Research reissued a "buy" rating and issued a $75.27 price target on shares of Cameco in a research note on Thursday, June 12th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Cameco currently has an average rating of "Buy" and an average target price of $77.30.

Cameco Profile

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.