Covea Finance increased its holdings in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 52.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,665,979 shares of the basic materials company's stock after purchasing an additional 575,393 shares during the quarter. Cameco accounts for 3.1% of Covea Finance's holdings, making the stock its 6th biggest position. Covea Finance owned approximately 0.38% of Cameco worth $68,572,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. Norges Bank acquired a new stake in shares of Cameco in the fourth quarter valued at approximately $188,595,000. FMR LLC raised its holdings in shares of Cameco by 8.7% in the fourth quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock valued at $1,163,942,000 after purchasing an additional 1,811,876 shares during the last quarter. Driehaus Capital Management LLC raised its holdings in shares of Cameco by 120.2% in the fourth quarter. Driehaus Capital Management LLC now owns 2,245,539 shares of the basic materials company's stock valued at $115,398,000 after purchasing an additional 1,225,966 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of Cameco by 13.5% in the fourth quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company's stock valued at $518,443,000 after purchasing an additional 1,196,336 shares during the last quarter. Finally, AGF Management Ltd. raised its holdings in shares of Cameco by 54.2% in the fourth quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company's stock valued at $174,433,000 after purchasing an additional 1,193,266 shares during the last quarter. 70.21% of the stock is owned by institutional investors.
Cameco Trading Down 1.9%
CCJ stock opened at $68.33 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.70 and a quick ratio of 1.26. The company has a fifty day moving average price of $53.72 and a two-hundred day moving average price of $49.93. Cameco Corporation has a one year low of $35.00 and a one year high of $71.31. The stock has a market cap of $29.75 billion, a price-to-earnings ratio of 170.83 and a beta of 0.97.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). Cameco had a return on equity of 4.47% and a net margin of 7.50%. The firm had revenue of $549.58 million for the quarter, compared to analyst estimates of $890.07 million. During the same period in the prior year, the business posted $0.13 EPS. The firm's quarterly revenue was up 24.4% compared to the same quarter last year. Equities analysts anticipate that Cameco Corporation will post 1.27 EPS for the current year.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the stock. Stifel Nicolaus assumed coverage on shares of Cameco in a report on Wednesday, March 12th. They issued a "buy" rating on the stock. Royal Bank Of Canada boosted their target price on shares of Cameco from $90.00 to $100.00 and gave the stock an "outperform" rating in a report on Friday. Raymond James Financial restated an "outperform" rating on shares of Cameco in a report on Wednesday. Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. Finally, Sanford C. Bernstein set a $70.00 target price on shares of 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, eleven have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $77.30.
Check Out Our Latest Research Report on Cameco
Cameco Profile
(
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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