AGF Management Ltd. raised its position in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 19.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,037,646 shares of the basic materials company's stock after purchasing an additional 644,413 shares during the quarter. Cameco comprises 0.9% of AGF Management Ltd.'s investment portfolio, making the stock its 28th biggest position. AGF Management Ltd. owned 0.93% of Cameco worth $166,206,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Manchester Capital Management LLC boosted its holdings in Cameco by 100.0% in the 1st quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 300 shares during the last quarter. Copia Wealth Management acquired a new position in Cameco in the 4th quarter valued at about $39,000. Ameriflex Group Inc. acquired a new position in Cameco in the 4th quarter valued at about $40,000. CoreCap Advisors LLC boosted its holdings in Cameco by 8,363.6% in the 4th quarter. CoreCap Advisors LLC now owns 931 shares of the basic materials company's stock valued at $48,000 after purchasing an additional 920 shares during the last quarter. Finally, Private Trust Co. NA boosted its holdings in Cameco by 315.2% in the 1st quarter. Private Trust Co. NA now owns 1,229 shares of the basic materials company's stock valued at $51,000 after purchasing an additional 933 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.
Cameco Stock Performance
NYSE:CCJ traded down $0.01 during trading hours on Thursday, reaching $75.59. 3,001,003 shares of the company's stock were exchanged, compared to its average volume of 4,461,748. The company has a quick ratio of 2.00, a current ratio of 2.96 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $32.91 billion, a price-to-earnings ratio of 86.88 and a beta of 1.06. Cameco Corporation has a 1-year low of $35.00 and a 1-year high of $80.32. The company has a 50-day moving average of $73.44 and a 200 day moving average of $55.82.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.22. Cameco had a net margin of 14.97% and a return on equity of 8.21%. The business had revenue of $467.72 million during the quarter, compared to the consensus estimate of $819.79 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The business's quarterly revenue was up 46.7% compared to the same quarter last year. Research analysts anticipate that Cameco Corporation will post 1.27 EPS for the current year.
Analysts Set New Price Targets
CCJ has been the topic of a number of research analyst reports. Raymond James Financial reissued an "outperform" rating on shares of Cameco in a research note on Wednesday, June 18th. The Goldman Sachs Group boosted 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. Glj Research reaffirmed a "buy" rating and set a $75.27 target price on shares of Cameco in a research note on Thursday, June 12th. BMO Capital Markets reissued an "outperform" rating on shares of Cameco in a research report on Tuesday, August 5th. Finally, TD Securities reissued a "buy" rating on shares of Cameco in a research report on Tuesday, August 5th. Twelve investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $82.65.
Read Our Latest Analysis on Cameco
About Cameco
(
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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