Cameco Co. (NYSE:CCJ) Shares Acquired by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd increased its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 17.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 143,423 shares of the basic materials company’s stock after acquiring an additional 21,542 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Cameco were worth $7,371,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Dantai Capital Ltd increased its stake in Cameco by 44.2% in the 3rd quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock valued at $2,735,000 after buying an additional 17,560 shares during the period. Roberts Wealth Advisors LLC acquired a new position in Cameco in the 4th quarter valued at $895,000. Whalen Wealth Management Inc. acquired a new position in Cameco in the 4th quarter valued at $445,000. Sprott Inc. increased its stake in Cameco by 44.5% in the 4th quarter. Sprott Inc. now owns 111,896 shares of the basic materials company’s stock valued at $5,750,000 after buying an additional 34,483 shares during the period. Finally, iA Global Asset Management Inc. acquired a new position in Cameco in the 3rd quarter valued at $5,305,000. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Price Performance

Cameco stock opened at $43.09 on Wednesday. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $62.55. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The firm’s 50-day simple moving average is $47.40 and its 200 day simple moving average is $50.07. The firm has a market capitalization of $18.76 billion, a PE ratio of 153.90 and a beta of 1.04.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The business had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. On average, equities research analysts predict that Cameco Co. will post 1.27 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on CCJ shares. Stifel Nicolaus started coverage on shares of Cameco in a research note on Wednesday, March 12th. They issued a “buy” rating on the stock. StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a research note on Wednesday. Stifel Canada raised shares of Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. Glj Research upped their price target on shares of Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research note on Wednesday, March 12th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $90.00 price target on shares of Cameco in a research note on Tuesday, March 4th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $73.64.

About Cameco

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.