Cameco Corporation (NYSE:CCJ) Shares Bought by Keybank National Association OH

Keybank National Association OH raised its position in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 0.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,069,431 shares of the basic materials company's stock after purchasing an additional 6,401 shares during the quarter. Cameco accounts for 1.0% of Keybank National Association OH's portfolio, making the stock its 19th largest position. Keybank National Association OH owned approximately 1.39% of Cameco worth $249,818,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Hurley Capital LLC acquired a new position in Cameco in the 4th quarter worth approximately $27,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Cameco in the 4th quarter valued at $28,000. Copia Wealth Management acquired a new stake in shares of Cameco in the fourth quarter worth $39,000. Ameriflex Group Inc. purchased a new position in shares of Cameco during the fourth quarter worth $40,000. Finally, Larson Financial Group LLC raised its holdings in shares of Cameco by 37.4% during the fourth quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company's stock worth $43,000 after purchasing an additional 226 shares during the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CCJ shares. Stifel Nicolaus began coverage on shares of Cameco in a report on Wednesday, March 12th. They issued a "buy" rating on the stock. Stifel Canada upgraded Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Scotiabank reaffirmed an "outperform" rating on shares of Cameco in a report on Wednesday, May 14th. Desjardins assumed coverage on Cameco in a report on Friday, April 4th. They issued a "buy" rating for the company. Finally, Raymond James Financial restated an "outperform" rating on shares of Cameco in a research report on Wednesday, June 18th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $80.65.

Cameco Trading Down 0.0%

Cameco stock traded down $0.01 during trading on Wednesday, reaching $71.66. 4,884,153 shares of the company were exchanged, compared to its average volume of 4,505,721. The stock's 50 day simple moving average is $58.16 and its two-hundred day simple moving average is $50.58. The company has a market capitalization of $31.20 billion, a P/E ratio of 179.15 and a beta of 1.03. 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 52-week low of $35.00 and a 52-week high of $75.42.

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 (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.07). The business had revenue of $549.58 million for the quarter, compared to analyst estimates of $890.07 million. Cameco had a return on equity of 4.47% and a net margin of 7.50%. Cameco's revenue was up 24.4% compared to the same quarter last year. During the same period last year, the business earned $0.13 EPS. On average, equities research analysts expect that Cameco Corporation will post 1.27 earnings per share for the current fiscal 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.