143,269 Shares in Cameco Corporation $CCJ Bought by Freestone Grove Partners LP

Freestone Grove Partners LP acquired a new position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the second quarter, HoldingsChannel reports. The institutional investor acquired 143,269 shares of the basic materials company’s stock, valued at approximately $14,593,000.

A number of other institutional investors and hedge funds also recently modified their holdings of CCJ. Caisse de depot et placement du Quebec acquired a new stake in Cameco during the second quarter worth about $75,573,000. Man Group plc acquired a new position in shares of Cameco during the second quarter valued at $82,117,000. Councilmark Asset Management LLC acquired a new position in Cameco during the 2nd quarter valued at about $2,496,000. Jupiter Topco LLC acquired a new position in Cameco during the 2nd quarter valued at about $18,205,000. Finally, Wedbush Fund Advisers LLC acquired a new stake in shares of Cameco in the second quarter valued at approximately $516,000. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Trading Down 0.9%

Cameco stock opened at $106.40 on Friday. Cameco Corporation has a 1 year low of $73.20 and a 1 year high of $135.24. The firm’s 50 day moving average price is $96.13 and its two-hundred day moving average price is $107.12. The firm has a market cap of $46.34 billion, a price-to-earnings ratio of 180.34, a price-to-earnings-growth ratio of 1.84 and a beta of 1.05. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.10 and a current ratio of 3.06.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Friday, July 31st. The basic materials company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.13). The company had revenue of $573.06 million for the quarter, compared to the consensus estimate of $579.60 million. Cameco had a return on equity of 7.59% and a net margin of 10.20%.The business’s revenue was down 6.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 earnings per share. On average, research analysts predict that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on CCJ shares. Weiss Ratings cut Cameco from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, August 12th. Wall Street Zen downgraded shares of Cameco from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Citigroup reiterated a “positive” rating on shares of Cameco in a report on Wednesday, July 15th. Royal Bank Of Canada boosted their target price on Cameco from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. Finally, Truist Financial lifted their price target on Cameco from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $145.68.

About Cameco

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.