Banque Cantonale Vaudoise Buys 12,287 Shares of Cameco Co. (NYSE:CCJ)

Banque Cantonale Vaudoise lifted its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 70.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 29,737 shares of the basic materials company’s stock after purchasing an additional 12,287 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Cameco were worth $1,464,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bornite Capital Management LP bought a new position in Cameco in the 4th quarter worth about $6,590,000. Tidal Investments LLC increased its stake in Cameco by 15.5% in the 1st quarter. Tidal Investments LLC now owns 20,036 shares of the basic materials company’s stock worth $868,000 after acquiring an additional 2,683 shares during the last quarter. Eaton Financial Holdings Company LLC bought a new position in Cameco in the 4th quarter worth about $1,327,000. LRI Investments LLC bought a new position in Cameco in the 1st quarter worth about $30,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in Cameco in the 1st quarter worth about $295,000. 70.21% of the stock is currently owned by institutional investors.

Cameco Stock Up 1.5 %

Shares of CCJ stock traded up $0.59 during mid-day trading on Friday, hitting $40.84. The company’s stock had a trading volume of 2,646,938 shares, compared to its average volume of 4,469,495. Cameco Co. has a 52-week low of $35.18 and a 52-week high of $56.24. The business has a 50-day moving average price of $45.08 and a 200 day moving average price of $46.69. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.48 and a current ratio of 3.22. The stock has a market cap of $17.77 billion, a price-to-earnings ratio of 104.72 and a beta of 0.92.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CCJ. Scotiabank cut their price objective on Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a report on Monday, August 19th. The Goldman Sachs Group upped their price objective on Cameco from $56.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, June 7th. Bank of America upped their price objective on Cameco from $59.00 to $60.50 and gave the stock a “buy” rating in a report on Wednesday, June 26th. Glj Research reiterated a “buy” rating and issued a $63.73 price objective on shares of Cameco in a report on Wednesday, August 14th. Finally, Cantor Fitzgerald upgraded Cameco from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 31st. 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $65.37.

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.