Public Sector Pension Investment Board Acquires 3,332 Shares of Cameco Co. (NYSE:CCJ)

Public Sector Pension Investment Board raised its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 6.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 58,870 shares of the basic materials company’s stock after purchasing an additional 3,332 shares during the quarter. Public Sector Pension Investment Board’s holdings in Cameco were worth $2,896,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Bornite Capital Management LP bought a new position in shares of Cameco in the fourth quarter valued at about $6,590,000. Tidal Investments LLC increased its position in Cameco by 15.5% in the 1st quarter. Tidal Investments LLC now owns 20,036 shares of the basic materials company’s stock valued at $868,000 after acquiring an additional 2,683 shares in the last quarter. LRI Investments LLC bought a new position in shares of Cameco in the first quarter worth about $30,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Cameco during the first quarter worth approximately $295,000. Finally, Councilmark Asset Management LLC bought a new stake in shares of Cameco during the first quarter valued at approximately $1,760,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

CCJ has been the subject of several research analyst reports. The Goldman Sachs Group boosted their price objective on shares of Cameco from $56.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, June 7th. Bank of America upped their price target on Cameco from $59.00 to $60.50 and gave the company a “buy” rating in a research note on Wednesday, June 26th. National Bank Financial upgraded Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. Scotiabank dropped their price objective on Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Finally, Glj Research reaffirmed a “buy” rating and issued a $63.73 target price on shares of Cameco in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $67.25.

Cameco Trading Down 0.2 %

NYSE:CCJ opened at $47.98 on Friday. The company has a current ratio of 3.22, a quick ratio of 1.48 and a debt-to-equity ratio of 0.23. Cameco Co. has a 1-year low of $35.18 and a 1-year high of $56.24. The firm has a market capitalization of $20.88 billion, a price-to-earnings ratio of 123.03 and a beta of 0.90. The business’s 50-day moving average price is $41.61 and its two-hundred day moving average price is $46.66.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). The firm had revenue of $598.00 million during the quarter, compared to analyst estimates of $756.00 million. Cameco had a net margin of 9.72% and a return on equity of 5.63%. The business’s revenue was up 24.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.01) earnings per share. On average, equities analysts expect that Cameco Co. will post 0.91 earnings per share for the current year.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.