Banque Cantonale Vaudoise Acquires Shares of 25,930 Cameco Corporation (NYSE:CCJ)

Key Points

• Banque Cantonale Vaudoise has acquired a new stake in Cameco Corporation, purchasing 25,930 shares valued at approximately $1,067,000 during the first quarter.
• Institutional investors collectively own 70.21% of Cameco's stock, with significant increases in holdings from various firms, including a remarkable 7,419.5% growth by Ramirez Asset Management Inc.
• Analysts rate Cameco's stock positively, with a consensus rating of "Buy" and a projected target price of $80.65, despite the company reporting earnings below expectations in its latest quarterly results.

Banque Cantonale Vaudoise purchased a new position in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 25,930 shares of the basic materials company's stock, valued at approximately $1,067,000.

A number of other institutional investors have also made changes to their positions in the business. Country Club Bank increased its stake in shares of Cameco by 0.5% in the first quarter. Country Club Bank now owns 43,553 shares of the basic materials company's stock worth $1,822,000 after purchasing an additional 224 shares during the period. Two Sigma Investments LP increased its stake in shares of Cameco by 0.5% in the fourth quarter. Two Sigma Investments LP now owns 50,438 shares of the basic materials company's stock worth $2,592,000 after purchasing an additional 238 shares during the period. Sunpointe LLC increased its stake in Cameco by 1.8% during the first quarter. Sunpointe LLC now owns 16,281 shares of the basic materials company's stock valued at $670,000 after acquiring an additional 288 shares during the period. Highview Capital Management LLC DE increased its stake in Cameco by 5.0% during the fourth quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company's stock valued at $321,000 after acquiring an additional 300 shares during the period. Finally, MinichMacGregor Wealth Management LLC increased its stake in Cameco by 5.0% during the first quarter. MinichMacGregor Wealth Management LLC now owns 6,372 shares of the basic materials company's stock valued at $262,000 after acquiring an additional 304 shares during the period. 70.21% of the stock is currently owned by institutional investors.

Cameco Stock Down 2.6%

CCJ stock traded down $1.96 during trading hours on Friday, reaching $72.97. 6,058,073 shares of the stock were exchanged, compared to its average volume of 4,773,212. The company has a market cap of $31.77 billion, a price-to-earnings ratio of 83.87 and a beta of 1.03. The firm's 50-day moving average is $70.40 and its 200-day moving average is $54.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.70 and a quick ratio of 1.26. Cameco Corporation has a 12 month low of $35.00 and a 12 month high of $80.32.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.22. The business had revenue of $467.72 million during the quarter, compared to analysts' expectations of $819.79 million. Cameco had a return on equity of 8.34% and a net margin of 14.97%. Cameco's quarterly revenue was up 46.7% on a year-over-year basis. During the same quarter last year, the company posted $0.14 earnings per share. On average, equities research analysts expect that Cameco Corporation will post 1.27 earnings per share for the current year.

Analysts Set New Price Targets

CCJ has been the topic of several research reports. Glj Research restated a "buy" rating and set a $75.27 price target on shares of Cameco in a research note on Thursday, June 12th. The Goldman Sachs Group boosted their price target on Cameco from $65.00 to $78.00 and gave the company a "buy" rating in a research note on Wednesday, June 11th. Wall Street Zen upgraded Cameco from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. UBS Group reiterated a "buy" rating on shares of Cameco in a research note on Tuesday, June 10th. Finally, Sanford C. Bernstein set a $70.00 price objective on Cameco and gave the stock an "outperform" rating in a report on Tuesday, June 10th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Cameco presently has an average rating of "Buy" and a consensus price target of $82.65.

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.