Natixis Advisors L.P. grew its position in shares of Cameco Co. (NYSE:CCJ – Free Report) (TSE:CCO) by 12.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 136,485 shares of the basic materials company’s stock after acquiring an additional 14,605 shares during the period. Natixis Advisors L.P.’s holdings in Cameco were worth $3,572,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the company. Capital World Investors raised its position in shares of Cameco by 402.0% in the 1st quarter. Capital World Investors now owns 10,131,797 shares of the basic materials company’s stock worth $295,084,000 after acquiring an additional 8,113,385 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Cameco by 37.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,068,688 shares of the basic materials company’s stock worth $497,555,000 after purchasing an additional 4,644,453 shares in the last quarter. Perpetual Ltd purchased a new position in Cameco during the first quarter valued at $117,233,000. Norges Bank bought a new stake in shares of Cameco during the 4th quarter valued at $72,843,000. Finally, Herr Investment Group LLC purchased a new stake in shares of Cameco in the 4th quarter worth about $32,644,000. 66.57% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the stock. TD Securities boosted their price objective on shares of Cameco from C$51.00 to C$55.00 and gave the stock an “action list buy” rating in a research note on Thursday, August 3rd. StockNews.com assumed coverage on Cameco in a research report on Thursday, August 17th. They set a “sell” rating for the company. Scotiabank dropped their target price on Cameco from C$50.00 to C$49.00 in a report on Wednesday, June 28th. Finally, Raymond James raised their price target on Cameco from C$50.00 to C$52.00 and gave the company an “outperform” rating in a report on Thursday, August 3rd.
Cameco Price Performance
Shares of NYSE:CCJ opened at $37.35 on Friday. The business has a 50-day simple moving average of $33.34 and a two-hundred day simple moving average of $29.47. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.00 and a current ratio of 3.64. The firm has a market cap of $16.18 billion, a price-to-earnings ratio of 249.00, a price-to-earnings-growth ratio of 0.81 and a beta of 0.99. Cameco Co. has a fifty-two week low of $21.02 and a fifty-two week high of $37.88.
Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) last released its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.17). Cameco had a net margin of 4.67% and a return on equity of 2.74%. The company had revenue of $482.00 million for the quarter, compared to analysts’ expectations of $636.37 million. During the same period in the previous year, the firm earned $0.14 earnings per share. The firm’s revenue for the quarter was down 13.6% on a year-over-year basis. On average, analysts expect that Cameco Co. will post 0.79 earnings per share for the current year.
Cameco Profile
Cameco Corporation provides uranium for the generation of electricity. It operates through two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.
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