Capital Group International Inc. CA Boosts Stock Holdings in Cameco Co. (NYSE:CCJ)

Capital Group International Inc. CA grew its position in shares of Cameco Co. (NYSE:CCJGet Rating) (TSE:CCO) by 288.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 810,049 shares of the basic materials company’s stock after acquiring an additional 601,765 shares during the quarter. Capital Group International Inc. CA’s holdings in Cameco were worth $23,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of CCJ. AdvisorNet Financial Inc purchased a new position in Cameco during the 1st quarter worth $29,000. Bank of New Hampshire bought a new stake in shares of Cameco during the 1st quarter worth $34,000. Settian Capital LP bought a new stake in shares of Cameco during the 4th quarter worth $48,000. JFS Wealth Advisors LLC raised its stake in shares of Cameco by 92.9% during the 1st quarter. JFS Wealth Advisors LLC now owns 1,686 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 812 shares during the period. Finally, 1832 Asset Management L.P. raised its stake in shares of Cameco by 61.9% during the 1st quarter. 1832 Asset Management L.P. now owns 1,700 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 650 shares during the period. 58.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Scotiabank lifted their target price on Cameco from C$43.00 to C$44.00 in a research note on Tuesday, August 2nd. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Cameco currently has an average rating of “Moderate Buy” and an average target price of $41.89.

Cameco Trading Up 2.3 %

Shares of Cameco stock opened at $30.47 on Thursday. Cameco Co. has a 52-week low of $18.03 and a 52-week high of $32.49. The stock’s 50-day simple moving average is $25.54 and its 200 day simple moving average is $25.51. The stock has a market capitalization of $12.14 billion, a P/E ratio of 253.94 and a beta of 0.94. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.84 and a current ratio of 6.02.

Cameco (NYSE:CCJGet Rating) (TSE:CCO) last announced its quarterly earnings data on Wednesday, July 27th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.16. Cameco had a return on equity of 1.17% and a net margin of 3.48%. The business had revenue of $437.25 million for the quarter. As a group, research analysts anticipate that Cameco Co. will post 0.2 EPS for the current year.

Cameco Company Profile

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Cameco Corporation produces and sells uranium. It operates through two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as 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.

Further Reading

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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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