Vanguard Group Inc raised its position in shares of Cameco Corp (NYSE:CCJ) (TSE:CCO) by 4.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,893,975 shares of the basic materials company’s stock after acquiring an additional 429,872 shares during the quarter. Vanguard Group Inc owned approximately 2.75% of Cameco worth $124,191,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the business. MML Investors Services LLC acquired a new stake in shares of Cameco in the third quarter valued at approximately $120,000. DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in shares of Cameco in the third quarter valued at approximately $125,000. Natixis acquired a new stake in shares of Cameco in the second quarter valued at approximately $130,000. Banco de Sabadell S.A increased its holdings in shares of Cameco by 100.0% in the third quarter. Banco de Sabadell S.A now owns 10,000 shares of the basic materials company’s stock valued at $131,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Ayalon Holdings Ltd. acquired a new stake in shares of Cameco in the third quarter valued at approximately $149,000. 48.45% of the stock is owned by institutional investors and hedge funds.
CCJ has been the subject of several recent research reports. Bank of America raised Cameco from a “neutral” rating to a “buy” rating in a report on Monday, November 19th. Zacks Investment Research raised Cameco from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a report on Monday, November 12th. TheStreet raised Cameco from a “d+” rating to a “c” rating in a report on Monday, November 5th. Rosenblatt Securities cut Cameco to a “hold” rating in a report on Monday, November 5th. Finally, BMO Capital Markets raised Cameco from a “market perform” rating to an “outperform” rating and set a $16.00 price target for the company in a report on Thursday, September 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $15.00.
Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Friday, November 2nd. The basic materials company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.12. The company had revenue of $488.00 million during the quarter, compared to analyst estimates of $576.92 million. Cameco had a positive return on equity of 3.99% and a negative net margin of 2.65%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.13) earnings per share. Equities research analysts predict that Cameco Corp will post 0.2 EPS for the current year.
Cameco Corporation produces and sells uranium worldwide. The company operates through three segments: Uranium, Fuel Services, and NUKEM. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrates. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; the Inkai property situated in Kazakhstan; the Smith Ranch-Highland property located in Wyoming, the United States; and the Crow Butte property situated in Nebraska, the United States.
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