Oppenheimer & Co. Inc. Has $1.65 Million Holdings in Cameco Co. (NYSE:CCJ)

Oppenheimer & Co. Inc. cut its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,024 shares of the basic materials company’s stock after selling 373 shares during the period. Oppenheimer & Co. Inc.’s holdings in Cameco were worth $1,646,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Dantai Capital Ltd increased its stake in shares of Cameco by 44.2% in the 3rd quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock valued at $2,735,000 after acquiring an additional 17,560 shares during the last quarter. Roberts Wealth Advisors LLC bought a new stake in shares of Cameco in the 4th quarter valued at about $895,000. Whalen Wealth Management Inc. bought a new stake in shares of Cameco in the 4th quarter valued at about $445,000. Sprott Inc. increased its stake in shares of Cameco by 44.5% in the 4th quarter. Sprott Inc. now owns 111,896 shares of the basic materials company’s stock valued at $5,750,000 after acquiring an additional 34,483 shares during the last quarter. Finally, iA Global Asset Management Inc. bought a new stake in shares of Cameco in the 3rd quarter valued at about $5,305,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Price Performance

NYSE CCJ opened at $41.05 on Tuesday. The business has a 50 day simple moving average of $49.63 and a 200 day simple moving average of $49.99. Cameco Co. has a 52-week low of $35.43 and a 52-week high of $62.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The stock has a market cap of $17.87 billion, a price-to-earnings ratio of 146.61 and a beta of 0.94.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The business had revenue of $845.54 million during the quarter, compared to analysts’ expectations of $1.09 billion. Analysts anticipate that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Cameco from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $66.56.

Cameco 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.