Lombard Odier Asset Management Europe Ltd Purchases Shares of 116,273 Cameco Corporation $CCJ

Lombard Odier Asset Management Europe Ltd purchased a new position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 116,273 shares of the basic materials company’s stock, valued at approximately $11,844,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CCJ. Sterling Capital Management LLC acquired a new position in Cameco in the 1st quarter valued at about $30,000. Brown Lisle Cummings Inc. increased its stake in Cameco by 3,200.0% during the 1st quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 288 shares during the period. Mcguire Capital Advisors Inc. bought a new position in shares of Cameco in the fourth quarter worth $28,000. Caitong International Asset Management Co. Ltd grew its stake in Cameco by 30,700.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock worth $28,000 after buying an additional 307 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its stake in Cameco by 928.6% during the third quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock worth $30,000 after buying an additional 325 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CCJ shares. Truist Financial lifted their price objective on shares of Cameco from $129.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $135.00 price objective on shares of Cameco in a report on Monday, June 15th. Wall Street Zen lowered Cameco from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Royal Bank Of Canada raised their price target on shares of Cameco from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. Finally, Citigroup restated a “positive” rating on shares of Cameco in a research report on Wednesday, July 15th. Thirteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Cameco currently has an average rating of “Moderate Buy” and a consensus target price of $145.68.

Cameco Stock Down 5.9%

Shares of NYSE CCJ opened at $100.07 on Friday. 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 company’s fifty day simple moving average is $96.00 and its 200 day simple moving average is $107.07. The firm has a market cap of $43.58 billion, a PE ratio of 169.61, a P/E/G ratio of 1.82 and a beta of 1.05. Cameco Corporation has a 12-month low of $73.20 and a 12-month high of $135.24.

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

Cameco Company Profile

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.