Deutsche Bank AG Invests $106.49 Million in Cameco Corporation $CCJ

Deutsche Bank AG bought a new position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,045,421 shares of the basic materials company’s stock, valued at approximately $106,487,000. Deutsche Bank AG owned about 0.24% of Cameco as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC acquired a new stake in shares of Cameco during the second quarter valued at about $256,000. Trust Co. of Vermont purchased a new position in shares of Cameco during the 2nd quarter worth approximately $39,000. TimesSquare Capital Management LLC acquired a new stake in Cameco in the 2nd quarter valued at approximately $39,823,000. OneDigital Investment Advisors LLC purchased a new stake in Cameco in the second quarter valued at approximately $1,743,000. Finally, Trivium Point Advisory LLC acquired a new position in Cameco during the second quarter worth $8,148,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Price Performance

CCJ stock opened at $97.95 on Thursday. The business has a 50 day moving average price of $96.25 and a 200 day moving average price of $107.72. The company has a quick ratio of 2.10, a current ratio of 3.06 and a debt-to-equity ratio of 0.14. The stock has a market cap of $42.66 billion, a price-to-earnings ratio of 166.01, a PEG ratio of 1.64 and a beta of 1.05. Cameco Corporation has a fifty-two week low of $68.96 and a fifty-two week high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Friday, July 31st. The basic materials company reported $0.13 EPS 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 analyst estimates of $579.60 million. Cameco had a return on equity of 7.59% and a net margin of 10.20%.Cameco’s revenue was down 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 earnings per share. Equities research analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Sanford C. Bernstein reissued an “outperform” rating and set a $135.00 target price on shares of Cameco in a research note on Monday, June 15th. Royal Bank Of Canada boosted their price target on shares of Cameco from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Weiss Ratings lowered shares of Cameco from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, August 12th. Bank of America cut their target price on shares of Cameco from $143.00 to $140.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Finally, Truist Financial raised their price target on shares of Cameco from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Fourteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.