DekaBank Deutsche Girozentrale Has $1.41 Million Stock Position in Cameco Co. (NYSE:CCJ)

Posted by on Oct 15th, 2023

DekaBank Deutsche Girozentrale lifted its stake in Cameco Co. (NYSE:CCJ – Free Report) (TSE:CCO) by 50.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 45,217 shares of the basic materials company’s stock after purchasing an additional 15,199 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Cameco were worth $1,405,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC lifted its stake in Cameco by 44.1% in the 1st quarter. FMR LLC now owns 21,302,221 shares of the basic materials company’s stock worth $557,732,000 after acquiring an additional 6,521,454 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Cameco by 37.4% in the 1st 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 acquiring an additional 4,644,453 shares in the last quarter. Vanguard Group Inc. lifted its stake in Cameco by 3.4% in the 3rd quarter. Vanguard Group Inc. now owns 13,470,408 shares of the basic materials company’s stock worth $357,100,000 after acquiring an additional 441,552 shares in the last quarter. Capital World Investors lifted its stake in 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. Finally, Morgan Stanley lifted its stake in Cameco by 0.5% in the 4th quarter. Morgan Stanley now owns 7,554,751 shares of the basic materials company’s stock worth $171,266,000 after acquiring an additional 37,239 shares in the last quarter. Institutional investors and hedge funds own 66.57% of the company’s stock.

Cameco Price Performance

Cameco stock opened at $36.41 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.64 and a quick ratio of 3.00. The company has a market capitalization of $15.80 billion, a PE ratio of 242.73, a price-to-earnings-growth ratio of 1.02 and a beta of 0.96. Cameco Co. has a one year low of $21.02 and a one year high of $42.17. The business has a 50 day simple moving average of $37.18 and a 200 day simple moving average of $31.98.

Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) last posted its earnings results on Wednesday, August 2nd. The basic materials company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.16 by ($0.17). Cameco had a return on equity of 2.74% and a net margin of 4.67%. The company had revenue of $482.00 million for the quarter, compared to the consensus estimate of $636.37 million. During the same quarter last year, the business earned $0.14 EPS. Cameco’s quarterly revenue was down 13.6% compared to the same quarter last year. On average, sell-side analysts forecast that Cameco Co. will post 0.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Canaccord Genuity Group raised their price target on Cameco from $49.50 to $56.00 and gave the stock a “buy” rating in a research note on Tuesday, September 5th. Cantor Fitzgerald downgraded Cameco from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. Scotiabank increased their price objective on Cameco from C$54.00 to C$70.00 in a report on Friday, September 29th. StockNews.com began coverage on Cameco in a report on Thursday, October 5th. They set a “sell” rating on the stock. Finally, TD Securities lifted their price objective on Cameco from C$55.00 to C$70.00 and gave the stock an “action list buy” rating in a report on Tuesday, October 3rd.

Check Out Our Latest Research Report on CCJ

Cameco Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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