Cantor Fitzgerald L. P. Buys 5,140 Shares of Cameco Corporation $CCJ

Cantor Fitzgerald L. P. raised its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 69.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 12,503 shares of the basic materials company’s stock after purchasing an additional 5,140 shares during the quarter. Cantor Fitzgerald L. P.’s holdings in Cameco were worth $1,049,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Norges Bank bought a new stake in shares of Cameco in the second quarter valued at about $341,736,000. TD Asset Management Inc increased its stake in Cameco by 116.7% during the third quarter. TD Asset Management Inc now owns 4,622,932 shares of the basic materials company’s stock valued at $388,068,000 after acquiring an additional 2,489,207 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Cameco by 41.4% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,076,815 shares of the basic materials company’s stock valued at $524,988,000 after acquiring an additional 2,071,373 shares during the period. Van ECK Associates Corp raised its holdings in Cameco by 43.3% in the 3rd quarter. Van ECK Associates Corp now owns 5,443,807 shares of the basic materials company’s stock valued at $456,530,000 after acquiring an additional 1,644,061 shares in the last quarter. Finally, Mizuho Markets Cayman LP bought a new stake in shares of Cameco in the 3rd quarter worth approximately $128,370,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Trading Down 1.9%

CCJ stock opened at $109.40 on Thursday. Cameco Corporation has a 1-year low of $35.00 and a 1-year high of $135.24. The company has a current ratio of 2.47, a quick ratio of 1.68 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is $117.05 and its 200-day moving average is $98.48. The firm has a market cap of $47.65 billion, a P/E ratio of 112.79 and a beta of 0.98.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Friday, February 13th. The basic materials company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.29 by $0.07. Cameco had a return on equity of 9.35% and a net margin of 17.00%.The business had revenue of $874.57 million for the quarter, compared to analyst estimates of $782.13 million. During the same quarter in the previous year, the firm earned $0.36 EPS. Cameco’s quarterly revenue was up 1.5% on a year-over-year basis. Equities analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Canadian Imperial Bank of Commerce lifted their price objective on Cameco to $202.00 in a report on Monday, March 9th. Weiss Ratings upgraded Cameco from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. The Goldman Sachs Group reiterated a “buy” rating and set a $131.00 price target on shares of Cameco in a research note on Wednesday, February 4th. Raymond James Financial reissued an “outperform” rating on shares of Cameco in a report on Wednesday, January 14th. Finally, Zacks Research cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Thirteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $150.40.

Cameco Company Profile

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.