10,627 Shares in Cameco Corporation $CCJ Bought by Signaturefd LLC

Signaturefd LLC purchased a new stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 10,627 shares of the basic materials company’s stock, valued at approximately $921,000.

Several other institutional investors have also recently added to or reduced their stakes in CCJ. Sterling Capital Management LLC bought a new position in Cameco during the 1st quarter valued at $30,000. CX Institutional increased its position in shares of Cameco by 2,181.2% in the 3rd quarter. CX Institutional now owns 365 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 349 shares during the last quarter. Western Wealth Management LLC bought a new stake in shares of Cameco in the 1st quarter worth about $39,000. Dunhill Financial LLC bought a new stake in shares of Cameco in the 2nd quarter worth about $39,000. Finally, Trust Co. of Vermont acquired a new stake in shares of Cameco in the 2nd quarter valued at about $39,000. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Price Performance

Cameco stock opened at $82.33 on Wednesday. The company has a market cap of $35.86 billion, a PE ratio of 139.55 and a beta of 1.17. The company has a fifty day moving average price of $91.54 and a two-hundred day moving average price of $104.58. Cameco Corporation has a 12 month low of $76.92 and a 12 month high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Friday, July 31st. The basic materials company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.13). The business had revenue of $573.06 million for the quarter, compared to analysts’ expectations of $579.60 million. Cameco’s revenue was down 6.8% compared to the same quarter last year. During the same period last year, the firm posted $0.71 EPS. Equities research analysts anticipate that Cameco Corporation will post 1.09 earnings per share for the current year.

Analyst Ratings Changes

CCJ has been the topic of several research analyst reports. Bank of America reduced their price target on shares of Cameco from $143.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Jefferies Financial Group began coverage on Cameco in a report on Thursday, September 3rd. They issued a “buy” rating and a $138.00 price objective for the company. Zacks Research lowered Cameco from a “hold” rating to a “strong sell” rating in a report on Monday, October 5th. Weiss Ratings upgraded Cameco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Finally, Truist Financial reduced their target price on Cameco from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, October 22nd. Twelve investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.10.

Cameco Profile

Cameco Corporation is a Canadian uranium company that explores for, mines, processes and supplies uranium used to generate nuclear power. The company produces uranium concentrates, commonly known as yellowcake, which are sold to nuclear utilities and other customers for conversion into nuclear fuel.

Cameco’s principal mining operations are located in northern Saskatchewan, including the McArthur River and Cigar Lake mines. It also operates the Key Lake uranium mill and has interests in uranium assets in Kazakhstan through the Inkai joint venture.