Kore Private Wealth LLC lowered its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 4.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,945 shares of the basic materials company’s stock after selling 1,497 shares during the period. Kore Private Wealth LLC’s holdings in Cameco were worth $574,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of CCJ. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Cameco by 79.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,095,190 shares of the basic materials company’s stock worth $117,646,000 after purchasing an additional 3,144,278 shares during the last quarter. Bank of Montreal Can boosted its position in Cameco by 50.8% in the 1st quarter. Bank of Montreal Can now owns 4,531,355 shares of the basic materials company’s stock valued at $79,934,000 after buying an additional 1,527,082 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in Cameco by 86.9% in the 2nd quarter. Exchange Traded Concepts LLC now owns 3,123,700 shares of the basic materials company’s stock valued at $59,913,000 after buying an additional 1,452,267 shares during the last quarter. Morgan Stanley raised its stake in shares of Cameco by 43.8% in the 1st quarter. Morgan Stanley now owns 4,399,943 shares of the basic materials company’s stock valued at $73,083,000 after purchasing an additional 1,340,775 shares in the last quarter. Finally, Masters Capital Management LLC acquired a new stake in Cameco during the first quarter worth about $18,271,000. Institutional investors and hedge funds own 60.11% of the company’s stock.
CCJ has been the subject of several recent analyst reports. Scotiabank increased their price objective on shares of Cameco from C$27.00 to C$35.00 and gave the company an “outperform” rating in a report on Tuesday. Royal Bank of Canada raised shares of Cameco from an “underperform” rating to a “sector perform” rating in a research note on Thursday, September 2nd. Zacks Investment Research upgraded shares of Cameco from a “strong sell” rating to a “hold” rating in a report on Thursday, September 16th. Canaccord Genuity raised their target price on shares of Cameco from C$27.00 to C$34.00 and gave the company a “buy” rating in a research note on Thursday, September 23rd. Finally, TD Securities upgraded shares of Cameco from a “hold” rating to a “buy” rating and set a C$35.00 price target on the stock in a research report on Tuesday, September 28th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $28.43.
Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Tuesday, July 27th. The basic materials company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.12). The firm had revenue of $292.25 million for the quarter. Cameco had a negative return on equity of 1.97% and a negative net margin of 1.50%. As a group, equities research analysts predict that Cameco Co. will post -0.14 EPS for the current fiscal year.
Cameco Company Profile
Cameco Corp. engages in the provision of uranium. The company operates through the following segments: Uranium and Fuel Services. The Uranium segment involves the exploration for, mining, milling, purchase and sale of uranium concentrate. The Fuel Services segment involves the refining, conversion and fabrication of uranium concentrate and the purchase and sale of conversion services.
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