119,920 Shares in Cameco Corporation $CCJ Bought by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd acquired a new stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 119,920 shares of the basic materials company’s stock, valued at approximately $10,971,000.

Several other institutional investors have also recently made changes to their positions in CCJ. Lombard Odier Asset Management Switzerland SA boosted its holdings in Cameco by 33.0% during the fourth quarter. Lombard Odier Asset Management Switzerland SA now owns 13,313 shares of the basic materials company’s stock worth $1,219,000 after buying an additional 3,300 shares in the last quarter. Maryland State Retirement & Pension System purchased a new stake in shares of Cameco during the 4th quarter worth about $4,172,000. State of Wisconsin Investment Board purchased a new stake in shares of Cameco during the 4th quarter worth about $17,744,000. Fred Alger Management LLC grew its position in shares of Cameco by 259.3% during the 4th quarter. Fred Alger Management LLC now owns 166,025 shares of the basic materials company’s stock valued at $15,222,000 after acquiring an additional 119,813 shares during the period. Finally, &PARTNERS increased its stake in shares of Cameco by 36.6% in the 4th quarter. &PARTNERS now owns 15,813 shares of the basic materials company’s stock valued at $1,447,000 after purchasing an additional 4,236 shares in the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. William Blair assumed coverage on Cameco in a report on Monday, April 20th. They issued an “outperform” rating for the company. Sanford C. Bernstein restated an “outperform” rating and issued a $135.00 price objective on shares of Cameco in a research report on Monday. Scotiabank reaffirmed an “outperform” rating and set a $175.00 target price on shares of Cameco in a research note on Wednesday, May 6th. Glj Research reiterated a “buy” rating and set a $171.20 target price (up from $100.00) on shares of Cameco in a research report on Wednesday, February 18th. Finally, Barclays started coverage on shares of Cameco in a research note on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 price target on the stock. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cameco currently has an average rating of “Moderate Buy” and a consensus target price of $147.42.

Cameco Price Performance

NYSE:CCJ opened at $107.86 on Wednesday. The stock has a 50 day moving average of $112.92 and a two-hundred day moving average of $109.54. Cameco Corporation has a 12 month low of $67.60 and a 12 month high of $135.24. The firm has a market cap of $46.97 billion, a P/E ratio of 99.87, a price-to-earnings-growth ratio of 1.81 and a beta of 0.99. The company has a current ratio of 3.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14.

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

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.