15,000 Shares in Cameco Corporation (NYSE:CCJ) Acquired by PKO Investment Management Joint Stock Co

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

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CCJ shares. Desjardins started coverage on shares of Cameco in a report on Friday, April 4th. They set a "buy" rating on the stock. Scotiabank reissued an "outperform" rating on shares of Cameco in a research note on Wednesday, May 14th. The Goldman Sachs Group upped their price objective on Cameco from $65.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, June 11th. UBS Group reiterated a "buy" rating on shares of Cameco in a report on Tuesday, June 10th. Finally, Stifel Nicolaus started coverage on Cameco in a research note on Wednesday, March 12th. They issued a "buy" rating on the stock. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $75.63.

Cameco Stock Performance

CCJ opened at $69.33 on Wednesday. The business's 50-day simple moving average is $51.96 and its 200 day simple moving average is $49.65. Cameco Corporation has a 52-week low of $35.00 and a 52-week high of $71.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.26 and a current ratio of 2.70. The firm has a market capitalization of $30.18 billion, a PE ratio of 173.34 and a beta of 0.97.

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

About Cameco

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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