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

Lombard Odier Asset Management Europe Ltd bought a new position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 119,920 shares of the basic materials company’s stock, valued at approximately $10,971,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lombard Odier Asset Management Switzerland SA raised its position in shares of 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 acquiring an additional 3,300 shares during the last quarter. Maryland State Retirement & Pension System bought a new stake in Cameco in the fourth quarter valued at approximately $4,172,000. State of Wisconsin Investment Board acquired a new stake in Cameco during the 4th quarter valued at approximately $17,744,000. Fred Alger Management LLC raised its holdings in Cameco by 259.3% during the 4th quarter. Fred Alger Management LLC now owns 166,025 shares of the basic materials company’s stock worth $15,222,000 after purchasing an additional 119,813 shares during the last quarter. Finally, &PARTNERS lifted its position in shares of Cameco by 36.6% in the 4th quarter. &PARTNERS now owns 15,813 shares of the basic materials company’s stock worth $1,447,000 after purchasing an additional 4,236 shares during the period. 70.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CCJ. Glj Research reiterated a “buy” rating and set a $171.20 price objective (up from $100.00) on shares of Cameco in a research report on Wednesday, February 18th. Sanford C. Bernstein reissued an “outperform” rating and issued a $135.00 price target on shares of Cameco in a research note on Monday. Canadian Imperial Bank of Commerce raised their price objective on shares of Cameco to $202.00 in a research note on Monday, March 9th. Royal Bank Of Canada boosted their target price on shares of Cameco from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. Finally, Weiss Ratings lowered shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Cameco presently has an average rating of “Moderate Buy” and a consensus target price of $147.42.

Cameco Price Performance

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

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $598.63 million. During the same quarter in the prior year, the business posted $0.16 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, analysts predict that Cameco Corporation will post 1.32 earnings per share for the current fiscal year.

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.