270,337 Shares in Cameco Corporation $CCJ Bought by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. purchased a new position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 270,337 shares of the basic materials company’s stock, valued at approximately $24,733,000. Eurizon Capital SGR S.p.A. owned approximately 0.06% of Cameco as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC purchased a new stake in Cameco during the fourth quarter worth $25,000. Founders Capital Management acquired a new position in Cameco during the fourth quarter worth $27,000. Strategic Advocates LLC acquired a new position in Cameco during the third quarter worth $28,000. Sunbelt Securities Inc. raised its position in Cameco by 928.6% during the third quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 325 shares during the period. Finally, Delos Wealth Advisors LLC raised its position in Cameco by 60.0% during the third quarter. Delos Wealth Advisors LLC now owns 400 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 150 shares during the period. 70.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CCJ. Scotiabank restated an “outperform” rating and set a $175.00 price objective on shares of Cameco in a research report on Wednesday, May 6th. Royal Bank Of Canada upped their price objective 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. William Blair began coverage on shares of Cameco in a research report on Monday, April 20th. They set an “outperform” rating for the company. Weiss Ratings cut shares of Cameco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Finally, Glj Research restated 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. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Cameco has a consensus rating of “Moderate Buy” and a consensus price target of $148.62.

Cameco Price Performance

Shares of NYSE CCJ opened at $112.75 on Friday. The firm has a 50-day simple moving average of $113.00 and a 200-day simple moving average of $107.66. The stock has a market capitalization of $49.11 billion, a price-to-earnings ratio of 104.40, a price-to-earnings-growth ratio of 1.90 and a beta of 1.04. 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 52 week low of $57.63 and a 52 week high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The business had revenue of $607.49 million during the quarter, compared to analysts’ expectations of $598.63 million. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.16 earnings per share. On average, equities analysts predict that Cameco Corporation will post 1.32 earnings per share for the current fiscal year.

About Cameco

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.