DJE Kapital AG Buys New Stake in Cameco Corporation $CCJ

DJE Kapital AG bought a new stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the first quarter, HoldingsChannel reports. The institutional investor bought 198,701 shares of the basic materials company’s stock, valued at approximately $20,968,000.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Cameco by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 18,059,335 shares of the basic materials company’s stock worth $1,653,639,000 after purchasing an additional 258,193 shares during the period. Capital World Investors increased its position in shares of Cameco by 0.3% during the fourth quarter. Capital World Investors now owns 13,545,354 shares of the basic materials company’s stock worth $1,240,047,000 after acquiring an additional 41,430 shares during the period. Van ECK Associates Corp raised its stake in shares of Cameco by 15.6% in the fourth quarter. Van ECK Associates Corp now owns 6,292,995 shares of the basic materials company’s stock valued at $575,771,000 after acquiring an additional 849,188 shares in the last quarter. Morgan Stanley raised its stake in shares of Cameco by 7.0% in the fourth quarter. Morgan Stanley now owns 4,978,333 shares of the basic materials company’s stock valued at $455,468,000 after acquiring an additional 323,693 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Cameco in the fourth quarter valued at $443,265,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Price Performance

Shares of NYSE:CCJ opened at $84.84 on Tuesday. The company’s fifty day moving average price is $103.12 and its 200 day moving average price is $110.75. Cameco Corporation has a 12 month low of $68.96 and a 12 month high of $135.24. 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 capitalization of $36.95 billion, a P/E ratio of 78.55, a P/E/G ratio of 1.40 and a beta of 1.02.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.05. The company had revenue of $607.49 million for the quarter, compared to analyst estimates of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.16 earnings per share. As a group, sell-side analysts predict that Cameco Corporation will post 1.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented 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. Scotiabank reaffirmed an “outperform” rating and issued a $175.00 price target on shares of Cameco in a research report on Wednesday, May 6th. Weiss Ratings cut Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Citigroup reissued a “positive” rating on shares of Cameco in a research report on Wednesday, July 15th. Finally, Truist Financial initiated coverage on shares of Cameco in a research note on Monday, July 13th. They set a “buy” rating and a $129.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $146.18.

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.