Banque Cantonale Vaudoise Raises Stock Holdings in Cameco Corporation $CCJ

Banque Cantonale Vaudoise lifted its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 82.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 65,625 shares of the basic materials company’s stock after buying an additional 29,751 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Cameco were worth $6,007,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Cameco by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 18,059,335 shares of the basic materials company’s stock worth $1,653,639,000 after purchasing an additional 258,193 shares during the period. Capital World Investors increased its holdings in Cameco by 0.8% during the 3rd quarter. Capital World Investors now owns 13,503,924 shares of the basic materials company’s stock worth $1,133,147,000 after purchasing an additional 106,872 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Cameco by 0.7% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,973,799 shares of the basic materials company’s stock worth $1,089,080,000 after purchasing an additional 85,762 shares during the period. Van ECK Associates Corp increased its holdings in Cameco by 43.3% during the 3rd quarter. Van ECK Associates Corp now owns 5,443,807 shares of the basic materials company’s stock worth $456,530,000 after purchasing an additional 1,644,061 shares during the period. Finally, TD Asset Management Inc increased its holdings in Cameco by 116.7% during the 3rd quarter. TD Asset Management Inc now owns 4,622,932 shares of the basic materials company’s stock worth $388,068,000 after purchasing an additional 2,489,207 shares during the period. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Stock Down 1.5%

Cameco stock opened at $103.53 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.08 and a quick ratio of 2.09. The stock has a market capitalization of $45.09 billion, a price-to-earnings ratio of 95.86, a PEG ratio of 1.77 and a beta of 1.04. Cameco Corporation has a 1-year low of $51.46 and a 1-year high of $135.24. The business has a fifty day moving average price of $113.95 and a 200-day moving average price of $107.18.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. The firm had revenue of $607.49 million during the quarter, compared to analysts’ expectations of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 EPS. Equities research analysts forecast that Cameco Corporation will post 1.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Glj Research restated a “buy” rating and set a $171.20 price objective (up from $100.00) on shares of Cameco in a report on Wednesday, February 18th. The Goldman Sachs Group restated a “buy” rating and set a $131.00 price objective on shares of Cameco in a report on Wednesday, February 4th. TD Securities cut Cameco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Weiss Ratings cut Cameco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Finally, William Blair assumed coverage on Cameco in a research report on Monday, April 20th. They set an “outperform” rating on the stock. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $153.13.

Cameco 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.