9,176 Shares in Cameco Corporation $CCJ Bought by Vise Technologies Inc.

by · The Markets Daily

Vise Technologies Inc. bought a new position in Cameco Corporation (NYSE:CCJ – Free Report) (TSE:CCO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 9,176 shares of the basic materials company’s stock, valued at approximately $935,000.

A number of other hedge funds also recently added to or reduced their stakes in CCJ. Norges Bank acquired a new position in shares of Cameco during the fourth quarter valued at $443,265,000. BlackRock Inc. acquired a new stake in shares of Cameco in the 2nd quarter worth about $381,091,000. Marshall Wace LLP increased its holdings in shares of Cameco by 7,481.3% in the 4th quarter. Marshall Wace LLP now owns 1,752,571 shares of the basic materials company’s stock worth $160,343,000 after acquiring an additional 1,729,454 shares during the period. Bank of New York Mellon Corp bought a new stake in Cameco in the 2nd quarter valued at about $163,449,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Cameco by 14,338.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,112,080 shares of the basic materials company’s stock valued at $101,744,000 after purchasing an additional 1,104,378 shares during the period. 70.21% of the stock is currently owned by institutional investors.

Cameco Stock Performance

Shares of CCJ opened at $102.55 on Friday. The firm has a market capitalization of $44.66 billion, a PE ratio of 173.81, a P/E/G ratio of 1.75 and a beta of 1.05. The company has a quick ratio of 2.10, a current ratio of 3.06 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average price of $96.21 and a 200 day moving average price of $107.49. Cameco Corporation has a 52-week low of $72.75 and a 52-week high of $135.24.

Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) last released its quarterly earnings results on Friday, July 31st. The basic materials company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.13). Cameco had a return on equity of 7.59% and a net margin of 10.20%.The company had revenue of $573.06 million for the quarter, compared to the consensus estimate of $579.60 million. During the same quarter last year, the firm posted $0.71 earnings per share. The firm’s quarterly revenue was down 6.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on CCJ. Royal Bank Of Canada upped their target price on shares of Cameco from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Monday, June 29th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $135.00 price target on shares of Cameco in a report on Monday, June 15th. Scotiabank reiterated an “outperform” rating and set a $175.00 price objective on shares of Cameco in a research report on Wednesday, May 6th. Citigroup reissued a “positive” rating on shares of Cameco in a report on Wednesday, July 15th. Finally, Bank of America lowered their target price on Cameco from $143.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Fourteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $145.68.

Check Out Our Latest Report on Cameco

About Cameco

(Free Report)

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.

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