Compagnie Lombard Odier SCmA Acquires Shares of 3,500 Cameco Corporation $CCJ

Key Points

• Compagnie Lombard Odier SCmA acquired 3,500 shares of Cameco Corporation ($CCJ), valued at approximately $259,000, in the 2nd quarter of 2023.
• Analysts have set a consensus target price of $89.55 for Cameco, with majority ratings being "Buy" and "Outperform".
• Cameco reported an earnings per share of $0.51 for the last quarter, exceeding estimates and marking a 46.7% year-over-year revenue increase.

Compagnie Lombard Odier SCmA bought a new stake in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,500 shares of the basic materials company's stock, valued at approximately $259,000.

A number of other hedge funds have also recently bought and sold shares of the business. Focused Wealth Management Inc bought a new stake in Cameco during the second quarter valued at $249,000. Financial Enhancement Group LLC acquired a new position in shares of Cameco during the second quarter valued at $2,638,000. Kapitalo Investimentos Ltda increased its stake in Cameco by 1.4% during the 2nd quarter. Kapitalo Investimentos Ltda now owns 86,553 shares of the basic materials company's stock valued at $6,425,000 after buying an additional 1,186 shares during the period. Acropolis Investment Management LLC bought a new stake in Cameco during the second quarter worth approximately $205,000. Finally, Westend Capital Management LLC lifted its holdings in shares of Cameco by 1.9% in the second quarter. Westend Capital Management LLC now owns 269,623 shares of the basic materials company's stock valued at $20,014,000 after buying an additional 5,091 shares during the period. Institutional investors and hedge funds own 70.21% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Glj Research restated a "buy" rating and issued a $75.27 target price on shares of Cameco in a report on Thursday, June 12th. Raymond James Financial restated an "outperform" rating on shares of Cameco in a report on Tuesday, September 2nd. 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. UBS Group set a $102.00 target price on Cameco in a report on Tuesday, September 9th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Cameco in a report on Tuesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company's stock. Based on data from MarketBeat.com, Cameco presently has an average rating of "Buy" and a consensus target price of $89.55.

Cameco Price Performance

Cameco stock opened at $86.91 on Wednesday. Cameco Corporation has a 12-month low of $35.00 and a 12-month high of $88.45. The business's 50-day simple moving average is $77.75 and its 200 day simple moving average is $62.04. 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 stock has a market cap of $37.84 billion, a price-to-earnings ratio of 99.90 and a beta of 1.04.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.22. The firm had revenue of $467.72 million for the quarter, compared to analyst estimates of $819.79 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The company's quarterly revenue was up 46.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 earnings per share. Cameco has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current year.

Cameco Company Profile

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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