First Citizens Bank & Trust Co. Takes Position in Cameco Co. (NYSE:CCJ)

First Citizens Bank & Trust Co. purchased a new stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 4,166 shares of the basic materials company’s stock, valued at approximately $205,000.

Several other hedge funds have also modified their holdings of CCJ. Norges Bank acquired a new stake in shares of Cameco in the 4th quarter valued at approximately $99,511,000. National Bank of Canada FI increased its stake in Cameco by 25.6% in the 4th quarter. National Bank of Canada FI now owns 4,180,221 shares of the basic materials company’s stock valued at $175,714,000 after purchasing an additional 850,704 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Cameco in the 1st quarter valued at approximately $31,131,000. Trexquant Investment LP purchased a new position in Cameco in the 4th quarter valued at approximately $19,955,000. Finally, CIBC Asset Management Inc increased its stake in Cameco by 24.3% in the 4th quarter. CIBC Asset Management Inc now owns 2,319,455 shares of the basic materials company’s stock valued at $100,324,000 after purchasing an additional 452,973 shares in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CCJ has been the subject of several research analyst reports. Bank of America raised their price objective on Cameco from $59.00 to $60.50 and gave the company a “buy” rating in a research note on Wednesday, June 26th. Cantor Fitzgerald raised Cameco from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 31st. Glj Research reissued a “buy” rating and set a $63.73 price target on shares of Cameco in a research report on Wednesday, August 14th. Scotiabank dropped their price target on Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday. Finally, The Goldman Sachs Group raised their price target on Cameco from $56.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, June 7th. One investment analyst has rated the stock with a sell rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Cameco currently has an average rating of “Moderate Buy” and a consensus price target of $65.37.

Cameco Trading Down 0.1 %

Shares of NYSE:CCJ traded down $0.03 during midday trading on Tuesday, reaching $41.19. The company’s stock had a trading volume of 1,035,418 shares, compared to its average volume of 4,378,205. The firm has a market cap of $17.93 billion, a price-to-earnings ratio of 105.18 and a beta of 0.92. The company has a quick ratio of 0.69, a current ratio of 3.22 and a debt-to-equity ratio of 0.23. Cameco Co. has a 1 year low of $34.95 and a 1 year high of $56.24. The business has a 50 day moving average price of $47.00 and a 200 day moving average price of $46.99.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). The business had revenue of $598.00 million during the quarter, compared to analysts’ expectations of $756.00 million. Cameco had a net margin of 9.72% and a return on equity of 5.63%. Cameco’s revenue for the quarter was up 24.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.01) EPS. Research analysts forecast that Cameco Co. will post 1.06 EPS for the current year.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. 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.