BNP Paribas Financial Markets Acquires 28,624 Shares of Cameco Corporation $CCJ

BNP Paribas Financial Markets lifted its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 21.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 161,878 shares of the basic materials company’s stock after buying an additional 28,624 shares during the quarter. BNP Paribas Financial Markets’ holdings in Cameco were worth $14,810,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Cameco by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 18,059,335 shares of the basic materials company’s stock valued at $1,653,639,000 after buying an additional 258,193 shares during the period. Capital World Investors increased its stake in shares of Cameco by 0.8% during the third quarter. Capital World Investors now owns 13,503,924 shares of the basic materials company’s stock valued at $1,133,147,000 after buying an additional 106,872 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Cameco by 0.7% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,973,799 shares of the basic materials company’s stock valued at $1,089,080,000 after buying an additional 85,762 shares during the period. Van ECK Associates Corp increased its stake in shares of Cameco by 43.3% during the third quarter. Van ECK Associates Corp now owns 5,443,807 shares of the basic materials company’s stock valued at $456,530,000 after buying an additional 1,644,061 shares during the period. Finally, Norges Bank purchased a new position in shares of Cameco during the fourth quarter valued at $443,265,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Trading Down 9.2%

Shares of NYSE CCJ opened at $103.52 on Friday. 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 stock has a market capitalization of $45.09 billion, a P/E ratio of 95.85, a price-to-earnings-growth ratio of 1.75 and a beta of 0.99. Cameco Corporation has a 1-year low of $59.25 and a 1-year high of $135.24. The business has a fifty day moving average price of $113.70 and a 200 day moving average price of $108.47.

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 for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. The firm had revenue of $607.49 million during the quarter, compared to analysts’ expectations of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.16 EPS. Equities research analysts expect that Cameco Corporation will post 1.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CCJ has been the topic of several research reports. Canadian Imperial Bank of Commerce raised their price target on Cameco to $202.00 in a research note on Monday, March 9th. Glj Research restated a “buy” rating and set a $171.20 price target (up from $100.00) on shares of Cameco in a research note on Wednesday, February 18th. Weiss Ratings lowered Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. Royal Bank Of Canada upped their price objective on Cameco from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Finally, TD Securities cut Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $148.62.

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.