OMERS ADMINISTRATION Corp Acquires New Holdings in Cameco Corporation $CCJ

OMERS ADMINISTRATION Corp bought a new stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the second quarter, Holdings Channel.com reports. The institutional investor bought 162,760 shares of the basic materials company’s stock, valued at approximately $16,584,000.

Other hedge funds also recently bought and sold shares of the company. Mcguire Capital Advisors Inc. acquired a new stake in shares of Cameco during the fourth quarter valued at about $28,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Cameco by 30,700.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 307 shares during the last quarter. Sterling Capital Management LLC purchased a new position in shares of Cameco during the 1st quarter worth approximately $30,000. Sunbelt Securities Inc. boosted its position in shares of Cameco by 928.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 325 shares during the period. Finally, Brown Lisle Cummings Inc. increased its holdings in Cameco by 3,200.0% in the 1st quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on CCJ shares. Citigroup restated a “positive” rating on shares of Cameco in a research note on Wednesday, July 15th. Weiss Ratings downgraded Cameco from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. Sanford C. Bernstein reissued an “outperform” rating and set a $135.00 target price on shares of Cameco in a research note on Monday, June 15th. Wall Street Zen cut Cameco from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Finally, Truist Financial lifted their target price on Cameco from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Fourteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Cameco currently has a consensus rating of “Moderate Buy” and an average price target of $145.68.

Cameco Price Performance

Shares of CCJ opened at $102.55 on Monday. The company has a market cap of $44.66 billion, a P/E ratio of 173.81, a PEG ratio of 1.75 and a beta of 1.05. Cameco Corporation has a fifty-two week low of $72.75 and a fifty-two week high of $135.24. The company has a quick ratio of 2.10, a current ratio of 3.06 and a debt-to-equity ratio of 0.14. The firm’s 50 day moving average price is $96.21 and its 200 day moving average price is $107.40.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Friday, July 31st. The basic materials company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.13). The business had revenue of $573.06 million during the quarter, compared to analysts’ expectations of $579.60 million. Cameco had a net margin of 10.20% and a return on equity of 7.59%. The business’s quarterly revenue was down 6.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.71 EPS. On average, research analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

About Cameco

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.