Cameco Corporation (NYSE:CCJ) Holdings Raised by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 182.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 404,568 shares of the basic materials company's stock after purchasing an additional 261,145 shares during the period. OVERSEA CHINESE BANKING Corp Ltd owned about 0.09% of Cameco worth $16,652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in CCJ. Hurley Capital LLC purchased a new position in Cameco in the fourth quarter valued at $27,000. Copia Wealth Management purchased a new position in shares of Cameco in the 4th quarter valued at about $39,000. Ameriflex Group Inc. acquired a new position in Cameco in the 4th quarter worth about $40,000. CoreCap Advisors LLC boosted 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 worth $48,000 after purchasing an additional 920 shares in the last quarter. Finally, Private Trust Co. NA boosted its position in Cameco by 315.2% during the first quarter. Private Trust Co. NA now owns 1,229 shares of the basic materials company's stock worth $51,000 after purchasing an additional 933 shares in the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Trading Up 3.5%

CCJ traded up $2.54 during midday trading on Monday, hitting $75.24. The company's stock had a trading volume of 6,262,749 shares, compared to its average volume of 4,849,214. The firm has a market cap of $32.75 billion, a P/E ratio of 188.10 and a beta of 1.03. Cameco Corporation has a 52-week low of $35.00 and a 52-week high of $75.42. The company has a current ratio of 2.70, a quick ratio of 1.26 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $62.58 and a two-hundred day moving average price of $51.66.

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CCJ shares. Wall Street Zen raised shares of Cameco from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Raymond James Financial restated an "outperform" rating on shares of Cameco in a research report on Wednesday, June 18th. Scotiabank reiterated an "outperform" rating on shares of Cameco in a research report on Tuesday, July 8th. Desjardins assumed coverage on Cameco in a research note on Friday, April 4th. They issued a "buy" rating for the company. Finally, Glj Research reaffirmed a "buy" rating and set a $75.27 target price on shares of Cameco in a research note on Thursday, June 12th. 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. Based on data from MarketBeat.com, Cameco presently has an average rating of "Buy" and a consensus target price of $80.65.

About Cameco

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.