Nykredit A S Takes Position in Cameco Corporation $CCJ

Nykredit A S purchased a new position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 198,832 shares of the basic materials company’s stock, valued at approximately $20,259,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CCJ. Mcguire Capital Advisors Inc. purchased a new position in Cameco during the 4th quarter valued at $28,000. Caitong International Asset Management Co. Ltd increased its stake in Cameco by 30,700.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 307 shares during the period. Sterling Capital Management LLC purchased a new stake in Cameco in the first quarter worth $30,000. Sunbelt Securities Inc. lifted its position in shares of 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 purchasing an additional 325 shares during the last quarter. Finally, Brown Lisle Cummings Inc. lifted its position in shares of Cameco by 3,200.0% during the first quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 288 shares during the last quarter. 70.21% of the stock is owned by institutional investors.

Cameco Price Performance

CCJ opened at $100.56 on Friday. Cameco Corporation has a 12-month low of $74.63 and a 12-month high of $135.24. The company has a current ratio of 3.06, a quick ratio of 2.10 and a debt-to-equity ratio of 0.14. The business’s fifty day simple moving average is $95.33 and its 200-day simple moving average is $106.45. The company has a market capitalization of $43.80 billion, a price-to-earnings ratio of 170.44, a PEG ratio of 1.65 and a beta of 1.06.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CCJ shares. Bank of America lowered their target price on shares of Cameco from $143.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Wall Street Zen downgraded shares of Cameco from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Sanford C. Bernstein reiterated an “outperform” rating and set a $135.00 price objective on shares of Cameco in a report on Monday, June 15th. Royal Bank Of Canada boosted their price objective on shares of Cameco from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Finally, Jefferies Financial Group assumed coverage on shares of Cameco in a research note on Thursday. They issued a “buy” rating and a $138.00 target price on the stock. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Cameco has an average rating of “Moderate Buy” and an average price target of $145.09.

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.