1,604,643 Shares in Cameco Corporation $CCJ Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp bought a new position in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,604,643 shares of the basic materials company's stock, valued at approximately $163,449,000. Bank of New York Mellon Corp owned about 0.37% of Cameco at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Mcguire Capital Advisors Inc. purchased a new position in shares of Cameco in the fourth quarter worth about $28,000. Caitong International Asset Management Co. Ltd grew its stake in Cameco by 30,700.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company's stock valued at $28,000 after buying an additional 307 shares in the last quarter. Sterling Capital Management LLC bought a new stake in Cameco during the 1st quarter valued at $30,000. Sunbelt Securities Inc. raised its holdings in Cameco by 928.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company's stock valued at $30,000 after acquiring an additional 325 shares during the period. Finally, Brown Lisle Cummings Inc. lifted its position in shares of Cameco by 3,200.0% during the first quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company's stock worth $32,000 after acquiring an additional 288 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CCJ has been the subject of a number of analyst reports. Royal Bank Of Canada raised their price target on Cameco from $160.00 to $175.00 and gave the stock an "outperform" rating in a report on Monday, June 29th. Bank of America decreased their price objective on Cameco from $143.00 to $140.00 and set a "buy" rating on the stock in a research note on Thursday, July 9th. Sanford C. Bernstein reissued an "outperform" rating and set a $135.00 price objective on shares of Cameco in a report on Monday, June 15th. Citigroup restated a "positive" rating on shares of Cameco in a research note on Wednesday, July 15th. Finally, Wall Street Zen lowered Cameco from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. Fourteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $145.68.

Cameco Stock Up 0.0%

Shares of NYSE CCJ opened at $102.55 on Monday. Cameco Corporation has a 12 month low of $72.75 and a 12 month high of $135.24. The company has a current ratio of 3.06, a quick ratio of 2.10 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $44.66 billion, a price-to-earnings ratio of 173.81, a PEG ratio of 1.75 and a beta of 1.05. The business has a 50-day moving average of $96.21 and a 200-day moving average of $107.40.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its earnings results on Friday, July 31st. The basic materials company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.13). The company had revenue of $573.06 million during 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 company's revenue for the quarter was down 6.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 earnings per share. Sell-side analysts expect that Cameco Corporation will post 1.27 earnings per share for the current fiscal 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.

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