XTX Topco Ltd Has $1.33 Million Stock Position in Cameco Corporation (NYSE:CCJ)

Key Points

• XTX Topco Ltd increased its stake in Cameco Corporation by 82.4%, acquiring an additional 14,598 shares, bringing its total holdings to 32,312 shares valued at approximately $1.33 million.
• Several institutional investors, including Hurley Capital LLC and Copia Wealth Management, have recently made new investments in Cameco, contributing to a significant institutional ownership of 70.21%.
• Analysts have a consensus rating of "Buy" for Cameco, with a target price of $80.65, reflecting positive sentiment despite the company missing earnings expectations in its last report.

XTX Topco Ltd boosted its holdings in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 82.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,312 shares of the basic materials company's stock after buying an additional 14,598 shares during the quarter. XTX Topco Ltd's holdings in Cameco were worth $1,330,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Hurley Capital LLC acquired a new position in shares of Cameco in the fourth quarter worth about $27,000. Copia Wealth Management acquired a new stake in Cameco during the 4th quarter worth approximately $39,000. Ameriflex Group Inc. acquired a new stake in shares of Cameco in the 4th quarter valued at $40,000. CoreCap Advisors LLC raised its stake in Cameco by 8,363.6% during the 4th quarter. CoreCap Advisors LLC now owns 931 shares of the basic materials company's stock worth $48,000 after acquiring an additional 920 shares in the last quarter. Finally, Private Trust Co. NA boosted its stake in Cameco by 315.2% in the first quarter. Private Trust Co. NA now owns 1,229 shares of the basic materials company's stock valued at $51,000 after acquiring an additional 933 shares in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Royal Bank Of Canada increased their price target on shares of Cameco from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday. UBS Group reaffirmed a "buy" rating on shares of Cameco in a research note on Tuesday, June 10th. Sanford C. Bernstein set a $70.00 price target on shares of Cameco and gave the company an "outperform" rating in a report on Tuesday, June 10th. Wall Street Zen upgraded shares of Cameco from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Finally, Glj Research reiterated a "buy" rating and issued a $75.27 target price on shares of Cameco in a report on Thursday, June 12th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $82.65.

Cameco Stock Down 2.6%

Shares of CCJ traded down $1.96 during mid-day trading on Friday, hitting $72.97. 6,058,073 shares of the company's stock were exchanged, compared to its average volume of 4,773,212. The firm has a fifty day moving average of $70.40 and a two-hundred day moving average of $54.35. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $80.32. The stock has a market cap of $31.77 billion, a price-to-earnings ratio of 83.87 and a beta of 1.03. The company has a quick ratio of 1.26, a current ratio of 2.70 and a debt-to-equity ratio of 0.15.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its earnings results 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 firm had revenue of $467.72 million during the quarter, compared to analysts' expectations of $819.79 million. Cameco had a net margin of 14.97% and a return on equity of 8.34%. The business's quarterly revenue was up 46.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 EPS. On average, sell-side analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current year.

Cameco 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.