Oppenheimer & Co. Inc. lowered its stake in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 84.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 4,921 shares of the basic materials company's stock after selling 27,103 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Cameco were worth $203,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of CCJ. Oppenheimer Asset Management Inc. purchased a new stake in shares of Cameco in the 4th quarter worth $388,000. Proficio Capital Partners LLC purchased a new stake in shares of Cameco in the 4th quarter worth $1,212,000. US Bancorp DE lifted its stake in shares of Cameco by 2.0% during the 4th quarter. US Bancorp DE now owns 28,728 shares of the basic materials company's stock worth $1,476,000 after purchasing an additional 554 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Cameco by 34.8% during the 4th quarter. Jones Financial Companies Lllp now owns 7,091 shares of the basic materials company's stock worth $364,000 after purchasing an additional 1,830 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Cameco by 4.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 21,591 shares of the basic materials company's stock worth $1,110,000 after purchasing an additional 1,009 shares during the last quarter. Institutional investors own 70.21% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on CCJ. Desjardins began coverage on Cameco in a research report on Friday, April 4th. They set a "buy" rating on the stock. Stifel Canada raised Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. Wall Street Zen raised Cameco from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Stifel Nicolaus began coverage on Cameco in a report on Wednesday, March 12th. They issued a "buy" rating on the stock. Finally, The Goldman Sachs Group upped their target price on Cameco from $65.00 to $78.00 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $80.65.
Read Our Latest Stock Analysis on Cameco
Cameco Stock Performance
Cameco stock traded up $1.71 during mid-day trading on Monday, reaching $75.16. 5,684,522 shares of the company were exchanged, compared to its average volume of 4,536,156. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $75.42. The firm's 50-day simple moving average is $60.51 and its two-hundred day simple moving average is $51.13. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.26 and a current ratio of 2.70. The firm has a market cap of $32.72 billion, a PE ratio of 187.90 and a beta of 1.03.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07). The business had revenue of $549.58 million during the quarter, compared to analyst estimates of $890.07 million. Cameco had a net margin of 7.50% and a return on equity of 4.47%. The firm's quarterly revenue was up 24.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.13 earnings per share. Equities analysts predict that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.
Cameco Company Profile
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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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