Natixis Advisors LLC lessened its stake in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 26.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 84,192 shares of the basic materials company's stock after selling 29,573 shares during the period. Natixis Advisors LLC's holdings in Cameco were worth $3,465,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in CCJ. Copia Wealth Management bought a new stake in shares of Cameco in the fourth quarter worth $39,000. Ameriflex Group Inc. purchased a new position in Cameco in the fourth quarter worth about $40,000. CoreCap Advisors LLC grew its stake in shares of Cameco by 8,363.6% during the 4th quarter. CoreCap Advisors LLC now owns 931 shares of the basic materials company's stock valued at $48,000 after purchasing an additional 920 shares during the period. Private Trust Co. NA increased its position in shares of Cameco by 315.2% during the 1st quarter. Private Trust Co. NA now owns 1,229 shares of the basic materials company's stock valued at $51,000 after purchasing an additional 933 shares during the last quarter. Finally, Bayforest Capital Ltd bought a new position in shares of Cameco in the 1st quarter worth approximately $57,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.
Cameco Stock Up 2.7%
CCJ opened at $76.61 on Thursday. The stock has a market cap of $33.35 billion, a price-to-earnings ratio of 88.05 and a beta of 1.06. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.00 and a current ratio of 2.96. The firm's fifty day moving average is $71.01 and its 200 day moving average is $54.72. Cameco Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $80.32.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.29 by $0.22. The business had revenue of $467.72 million for the quarter, compared to the consensus estimate of $819.79 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%. The business's revenue was up 46.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.14 earnings per share. On average, sell-side analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several analysts recently issued reports on the stock. Royal Bank Of Canada boosted their target price on shares of Cameco from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Scotiabank reiterated an "outperform" rating on shares of Cameco in a research report on Tuesday, July 8th. Glj Research reiterated a "buy" rating and set a $75.27 price target on shares of Cameco in a research note on Thursday, June 12th. Raymond James Financial reissued an "outperform" rating on shares of Cameco in a research report on Wednesday, June 18th. Finally, Sanford C. Bernstein set a $70.00 target price on Cameco and gave the company an "outperform" rating in a research report on Tuesday, June 10th. Twelve equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, Cameco currently has an average rating of "Buy" and a consensus price target of $82.65.
Get Our Latest Analysis on CCJ
About Cameco
(
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.
Further Reading
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