Deutsche Bank AG Buys 14,992 Shares of Cameco Corporation (NYSE:CCJ)

Key Points

• Deutsche Bank AG increased its stake in Cameco Corporation by 2.3%, acquiring an additional 14,992 shares, bringing its total holdings to 653,602 shares valued at approximately $26.9 million.
• Several hedge funds, including Manchester Capital Management and CoreCap Advisors, significantly boosted their holdings in Cameco, contributing to a total institutional ownership of 70.21%.
• Cameco's stock has received positive ratings from analysts, including a price target increase from Goldman Sachs to $78, with a consensus rating of "Buy" and a target price of $82.65.

Deutsche Bank AG boosted its stake in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 2.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 653,602 shares of the basic materials company's stock after acquiring an additional 14,992 shares during the period. Deutsche Bank AG owned 0.15% of Cameco worth $26,902,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Cameco by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 17,084,358 shares of the basic materials company's stock valued at $703,295,000 after acquiring an additional 300,088 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Cameco by 1.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,846,044 shares of the basic materials company's stock valued at $865,729,000 after purchasing an additional 190,337 shares during the period. Driehaus Capital Management LLC raised its position 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 period. Massachusetts Financial Services Co. MA raised its position in shares of Cameco by 2.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,215,853 shares of the basic materials company's stock valued at $91,205,000 after purchasing an additional 56,583 shares during the period. Finally, TD Asset Management Inc raised its position in shares of Cameco by 1.1% in the first quarter. TD Asset Management Inc now owns 2,056,644 shares of the basic materials company's stock valued at $84,652,000 after purchasing an additional 23,321 shares during the period. Institutional investors own 70.21% of the company's stock.

Cameco Price Performance

Shares of Cameco stock traded down $2.79 during trading on Wednesday, hitting $75.64. The stock had a trading volume of 5,339,788 shares, compared to its average volume of 4,414,115. The firm has a market cap of $32.93 billion, a price-to-earnings ratio of 86.94 and a beta of 1.06. The company has a current ratio of 2.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.15. The business's 50-day moving average is $73.13 and its 200 day moving average is $55.63. 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 announced its earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.22. The business 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% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 EPS. As a group, sell-side analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

CCJ has been the topic of a number of analyst reports. BMO Capital Markets reissued an "outperform" rating on shares of Cameco in a report on Tuesday, August 5th. UBS Group reiterated a "buy" rating on shares of Cameco in a research note on Tuesday, June 10th. Royal Bank Of Canada boosted their price objective on Cameco from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Scotiabank reiterated an "outperform" rating on shares of Cameco in a research note on Tuesday, July 8th. Finally, Glj Research reiterated a "buy" rating and set a $75.27 price target on shares of Cameco in a research report on Thursday, June 12th. Twelve analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price 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.