Eurizon Capital SGR S.p.A. Takes Position in Cameco Corporation $CCJ

Eurizon Capital SGR S.p.A. bought a new stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the fourth quarter, Holdings Channel.com reports. The firm bought 270,337 shares of the basic materials company’s stock, valued at approximately $24,733,000.

A number of other hedge funds have also modified their holdings of the business. Bison Wealth LLC increased its position in Cameco by 16.1% during the fourth quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company’s stock worth $1,102,000 after purchasing an additional 2,975 shares during the last quarter. AQR Capital Management LLC increased its position in Cameco by 16.6% during the first quarter. AQR Capital Management LLC now owns 9,547 shares of the basic materials company’s stock worth $393,000 after purchasing an additional 1,361 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in Cameco by 48.7% during the first quarter. Integrated Wealth Concepts LLC now owns 8,485 shares of the basic materials company’s stock worth $349,000 after purchasing an additional 2,780 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Cameco by 11.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 604,841 shares of the basic materials company’s stock worth $24,895,000 after purchasing an additional 64,512 shares during the last quarter. Finally, NewGen Equity Long Short Fund acquired a new stake in Cameco during the second quarter worth about $14,252,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Trading Up 1.9%

Shares of CCJ stock opened at $112.75 on Friday. 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 firm has a market cap of $49.11 billion, a PE ratio of 104.40, a price-to-earnings-growth ratio of 1.90 and a beta of 1.04. The company has a 50-day moving average of $113.00 and a two-hundred day moving average of $107.66. Cameco Corporation has a 1-year low of $57.63 and a 1-year high of $135.24.

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

Wall Street Analyst Weigh In

CCJ has been the subject of several recent analyst reports. Barclays initiated coverage on shares of Cameco in a research report on Thursday, May 21st. They set an “equal weight” rating and a $108.00 price objective for the company. The Goldman Sachs Group restated a “buy” rating and set a $131.00 price objective on shares of Cameco in a research report on Wednesday, February 4th. Canadian Imperial Bank of Commerce raised their price objective on shares of Cameco to $202.00 in a research report on Monday, March 9th. Weiss Ratings cut shares of 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 shares of Cameco in a research report on Monday, April 20th. They set an “outperform” rating for the company. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $148.62.

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.