Ramirez Asset Management Inc. Purchases 74,195 Shares of Cameco Corporation (NYSE:CCJ)

Ramirez Asset Management Inc. boosted its position in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 7,419.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 75,195 shares of the basic materials company's stock after purchasing an additional 74,195 shares during the quarter. Ramirez Asset Management Inc.'s holdings in Cameco were worth $3,095,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Patten & Patten Inc. TN raised its holdings in Cameco by 44.2% during the 1st quarter. Patten & Patten Inc. TN now owns 13,970 shares of the basic materials company's stock worth $575,000 after purchasing an additional 4,285 shares during the last quarter. Mackenzie Financial Corp raised its holdings in Cameco by 2.1% during the 1st quarter. Mackenzie Financial Corp now owns 1,401,679 shares of the basic materials company's stock worth $57,693,000 after purchasing an additional 29,183 shares during the last quarter. Sunpointe LLC raised its holdings in Cameco by 1.8% during the 1st quarter. Sunpointe LLC now owns 16,281 shares of the basic materials company's stock worth $670,000 after purchasing an additional 288 shares during the last quarter. Prosperity Consulting Group LLC raised its holdings in Cameco by 5.9% during the 1st quarter. Prosperity Consulting Group LLC now owns 10,272 shares of the basic materials company's stock worth $423,000 after purchasing an additional 572 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in Cameco by 161.4% during the 1st quarter. LPL Financial LLC now owns 643,011 shares of the basic materials company's stock worth $26,466,000 after purchasing an additional 397,002 shares during the last quarter. 70.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CCJ has been the subject of several recent research reports. Scotiabank reissued an "outperform" rating on shares of Cameco in a report on Tuesday, July 8th. Glj Research reaffirmed a "buy" rating and issued a $75.27 price target on shares of Cameco in a research note on Thursday, June 12th. Wall Street Zen raised Cameco from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. The Goldman Sachs Group upped their price target on Cameco from $65.00 to $78.00 and gave the company a "buy" rating in a research note on Wednesday, June 11th. Finally, Raymond James Financial reaffirmed an "outperform" rating on shares of Cameco in a research note on Wednesday, June 18th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $80.65.

Cameco Trading Down 0.6%

NYSE:CCJ opened at $79.12 on Tuesday. Cameco Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $80.06. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.70 and a quick ratio of 1.26. The stock has a market capitalization of $34.45 billion, a PE ratio of 197.80 and a beta of 1.03. The business's 50-day simple moving average is $68.63 and its 200-day simple moving average is $53.67.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.07). Cameco had a net margin of 7.50% and a return on equity of 4.47%. The business had revenue of $549.58 million for the quarter, compared to the consensus estimate of $890.07 million. During the same quarter last year, the firm earned $0.13 EPS. The company's revenue for the quarter was up 24.4% on a year-over-year basis. Sell-side 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.

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