OVERSEA CHINESE BANKING Corp Ltd lessened its stake in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 29.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 101,762 shares of the basic materials company's stock after selling 41,661 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in Cameco were worth $4,189,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Hurley Capital LLC bought a new stake in shares of Cameco during the 4th quarter valued at about $27,000. Copia Wealth Management bought a new stake in shares of Cameco during the fourth quarter valued at approximately $39,000. Ameriflex Group Inc. bought a new stake in Cameco in the fourth quarter worth $40,000. CoreCap Advisors LLC increased its position in Cameco by 8,363.6% during the fourth quarter. CoreCap Advisors LLC now owns 931 shares of the basic materials company's stock valued at $48,000 after acquiring an additional 920 shares during the last quarter. Finally, Private Trust Co. NA boosted its stake in shares of Cameco by 315.2% during the first 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 period. Hedge funds and other institutional investors own 70.21% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on CCJ shares. Glj Research reiterated a "buy" rating and issued a $75.27 target price on shares of Cameco in a report on Thursday, June 12th. Raymond James Financial restated an "outperform" rating on shares of Cameco in a report on Wednesday, June 18th. Royal Bank Of Canada upped their target price on shares of Cameco from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday. Scotiabank reaffirmed an "outperform" rating on shares of Cameco in a report on Tuesday, July 8th. Finally, Sanford C. Bernstein set a $70.00 price objective on Cameco and gave the stock an "outperform" rating in a research report on Tuesday, June 10th. Ten 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, the stock presently has a consensus rating of "Buy" and a consensus price target of $82.65.
View Our Latest Research Report on Cameco
Cameco Stock Up 3.1%
CCJ stock traded up $2.28 during midday trading on Monday, hitting $75.21. 3,434,160 shares of the company's stock were exchanged, compared to its average volume of 5,076,301. The company has a current ratio of 2.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.15. Cameco Corporation has a 12-month low of $35.00 and a 12-month high of $80.32. The firm has a 50 day moving average price of $70.40 and a 200-day moving average price of $54.41. The stock has a market capitalization of $32.75 billion, a price-to-earnings ratio of 86.45 and a beta of 1.06.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.22. The company 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%. Cameco's revenue for the quarter was up 46.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.14 EPS. On average, analysts anticipate that Cameco Corporation will post 1.27 EPS for the current year.
Cameco Company Profile
(
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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