EP Wealth Advisors LLC bought a new position in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,151 shares of the basic materials company's stock, valued at approximately $1,543,000.
A number of other hedge funds have also modified their holdings of the business. Ieq Capital LLC acquired a new stake in Cameco during the 2nd quarter worth $1,573,000. Callan Family Office LLC acquired a new position in Cameco in the second quarter valued at $732,000. Manhattan West Asset Management LLC acquired a new position in Cameco in the second quarter valued at $1,983,000. Allworth Financial LP purchased a new stake in shares of Cameco in the second quarter valued at about $481,000. Finally, Kayne Anderson Capital Advisors LP purchased a new stake in shares of Cameco in the second quarter valued at about $3,791,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.
Cameco Stock Up 7.3%
Shares of Cameco stock opened at $102.55 on Friday. The company has a market cap of $44.66 billion, a P/E ratio of 173.81, a PEG ratio of 1.75 and a beta of 1.05. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.10 and a current ratio of 3.06. Cameco Corporation has a one year low of $72.75 and a one year high of $135.24. The firm has a fifty day moving average of $96.21 and a two-hundred day moving average of $107.49.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its earnings results on Friday, July 31st. The basic materials company reported $0.13 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 analyst estimates of $579.60 million. Cameco had a return on equity of 7.59% and a net margin of 10.20%.The firm's revenue was down 6.8% on a year-over-year basis. During the same quarter last year, the business posted $0.71 EPS. On average, analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current year.
Analyst Ratings Changes
Several brokerages have recently weighed in on CCJ. Sanford C. Bernstein reiterated an "outperform" rating and set a $135.00 target price on shares of Cameco in a research note on Monday, June 15th. Royal Bank Of Canada boosted their price target on Cameco from $160.00 to $175.00 and gave the company an "outperform" rating in a research report on Monday, June 29th. Truist Financial upped their price objective on Cameco from $129.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, August 12th. Barclays decreased their price objective on Cameco from $104.00 to $97.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 4th. Finally, Scotiabank reiterated an "outperform" rating and issued a $175.00 target price on shares of Cameco in a research note on Wednesday, May 6th. Fourteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $145.68.
Check Out Our Latest Analysis 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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