Osmosis Investment Management UK Ltd Acquires New Position in Cameco Corporation $CCJ

Osmosis Investment Management UK Ltd acquired a new stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 9,137 shares of the basic materials company’s stock, valued at approximately $931,000.

Several other large investors have also bought and sold shares of the company. Bison Wealth LLC lifted its stake in shares of Cameco by 16.1% in the fourth quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company’s stock worth $1,102,000 after buying an additional 2,975 shares in the last quarter. AQR Capital Management LLC raised its holdings in Cameco by 16.6% in the 1st quarter. AQR Capital Management LLC now owns 9,547 shares of the basic materials company’s stock worth $393,000 after acquiring an additional 1,361 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in Cameco by 48.7% in the 1st quarter. Integrated Wealth Concepts LLC now owns 8,485 shares of the basic materials company’s stock worth $349,000 after acquiring an additional 2,780 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Cameco by 11.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 604,841 shares of the basic materials company’s stock valued at $24,895,000 after acquiring an additional 64,512 shares in the last quarter. Finally, NewGen Equity Long Short Fund bought a new position in Cameco in the 2nd quarter valued at approximately $14,252,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Stock Down 0.2%

CCJ stock opened at $102.26 on Tuesday. The company has a market cap of $44.54 billion, a price-to-earnings ratio of 173.32, a P/E/G ratio of 1.75 and a beta of 1.05. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.10 and a current ratio of 3.06. The business’s 50-day moving average is $96.12 and its two-hundred day moving average is $107.24. Cameco Corporation has a fifty-two week low of $73.20 and a fifty-two week high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Friday, July 31st. The basic materials company reported $0.13 earnings per share (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 for the quarter, compared to the consensus estimate of $579.60 million. During the same quarter in the prior year, the firm earned $0.71 earnings per share. The company’s revenue for the quarter was down 6.8% compared to the same quarter last year. As a group, analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

CCJ has been the topic of several recent analyst reports. Royal Bank Of Canada increased their target price on Cameco from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Wall Street Zen cut Cameco from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Scotiabank reaffirmed an “outperform” rating and set a $175.00 price target on shares of Cameco in a report on Wednesday, May 6th. Bank of America dropped their price objective on Cameco from $143.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Finally, Citigroup reiterated a “positive” rating on shares of Cameco in a report on Wednesday, July 15th. Fourteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $145.68.

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.