Union Bancaire Privee UBP SA Has $5.73 Million Stock Holdings in Cameco Corporation $CCJ

Union Bancaire Privee UBP SA increased its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 106.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,746 shares of the basic materials company’s stock after acquiring an additional 27,155 shares during the period. Union Bancaire Privee UBP SA’s holdings in Cameco were worth $5,729,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Sterling Capital Management LLC purchased a new position in Cameco in the first quarter valued at about $30,000. Venturi Wealth Management LLC raised its stake in shares of Cameco by 80.2% during the 1st quarter. Venturi Wealth Management LLC now owns 4,051 shares of the basic materials company’s stock worth $440,000 after purchasing an additional 1,803 shares in the last quarter. Contravisory Investment Management Inc. purchased a new stake in shares of Cameco during the 1st quarter worth about $335,000. Kestra Private Wealth Services LLC lifted its holdings in shares of Cameco by 7.1% during the 1st quarter. Kestra Private Wealth Services LLC now owns 6,864 shares of the basic materials company’s stock valued at $746,000 after buying an additional 458 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its holdings in shares of Cameco by 73.5% during the 1st quarter. Ritholtz Wealth Management now owns 11,491 shares of the basic materials company’s stock valued at $1,248,000 after buying an additional 4,869 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Performance

Shares of NYSE CCJ opened at $104.54 on Friday. The business’s 50-day simple moving average is $111.50 and its 200-day simple moving average is $110.32. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.09 and a current ratio of 3.08. Cameco Corporation has a 52 week low of $68.96 and a 52 week high of $135.24. The firm has a market cap of $45.53 billion, a price-to-earnings ratio of 96.80, a P/E/G ratio of 1.91 and a beta of 0.99.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.05. The firm had revenue of $607.49 million during the quarter, compared to analyst estimates of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.16 EPS. As a group, equities research analysts expect that Cameco Corporation will post 1.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on CCJ. Scotiabank restated an “outperform” rating and issued a $175.00 price objective on shares of Cameco in a report on Wednesday, May 6th. TD Securities cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. William Blair started coverage on shares of Cameco in a research report on Monday, April 20th. They issued an “outperform” rating for the company. Weiss Ratings lowered shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Finally, Canadian Imperial Bank of Commerce raised their price target on shares of Cameco to $202.00 in a report on Monday, March 9th. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.42.

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.