Alberta Investment Management Corp bought a new position in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO during the second quarter, according to its most recent filing with the SEC. The firm bought 117,570 shares of the basic materials company's stock, valued at approximately $11,972,000.
Other hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in Cameco during the 4th quarter worth approximately $443,265,000. Marshall Wace LLP boosted its position in shares of Cameco by 7,481.3% during the fourth quarter. Marshall Wace LLP now owns 1,752,571 shares of the basic materials company's stock valued at $160,343,000 after buying an additional 1,729,454 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Cameco during the second quarter worth $163,449,000. Northwestern Mutual Wealth Management Co. grew its holdings in Cameco by 14,338.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,112,080 shares of the basic materials company's stock worth $101,744,000 after buying an additional 1,104,378 shares in the last quarter. Finally, Man Group plc raised its position in Cameco by 126.3% in the 3rd quarter. Man Group plc now owns 1,698,728 shares of the basic materials company's stock valued at $142,455,000 after buying an additional 948,068 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company's stock.
Cameco Price Performance
Shares of NYSE CCJ opened at $97.74 on Monday. The stock has a fifty day simple moving average of $96.44 and a two-hundred day simple moving average of $108.43. Cameco Corporation has a 1-year low of $68.96 and a 1-year high of $135.24. The firm has a market cap of $42.57 billion, a price-to-earnings ratio of 165.66, a price-to-earnings-growth ratio of 1.67 and a beta of 1.05. The company has a current ratio of 3.06, a quick ratio of 2.10 and a debt-to-equity ratio of 0.14.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its earnings results on Friday, July 31st. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.13). The firm had revenue of $573.06 million during the quarter, compared to the consensus estimate of $579.60 million. Cameco had a net margin of 10.20% and a return on equity of 7.59%. The business's quarterly revenue was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 earnings per share. Analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current year.
Analyst Ratings Changes
CCJ has been the topic of several recent analyst reports. Wall Street Zen cut Cameco from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Truist Financial upped their target price on shares of Cameco from $129.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday. Weiss Ratings lowered shares of Cameco from a "hold (c)" rating to a "hold (c-)" rating in a research report on Wednesday. Sanford C. Bernstein restated an "outperform" rating and issued a $135.00 target price on shares of Cameco in a research note on Monday, June 15th. Finally, Bank of America decreased their price target on Cameco from $143.00 to $140.00 and set a "buy" rating for the company in a research report on Thursday, July 9th. Fourteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $145.68.
Check Out Our Latest Report on Cameco
About Cameco
(
Free Report)
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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