Truvestments Capital LLC acquired a new position in shares of Cameco Corp (NYSE:CCJ) (TSE:CCO) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,300 shares of the basic materials company’s stock, valued at approximately $39,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quadrant Capital Group LLC increased its holdings in shares of Cameco by 284.6% during the fourth quarter. Quadrant Capital Group LLC now owns 6,850 shares of the basic materials company’s stock worth $74,000 after buying an additional 5,069 shares in the last quarter. NumerixS Investment Technologies Inc increased its holdings in shares of Cameco by 9,400.0% during the fourth quarter. NumerixS Investment Technologies Inc now owns 9,500 shares of the basic materials company’s stock worth $106,000 after buying an additional 9,400 shares in the last quarter. AlphaCrest Capital Management LLC acquired a new stake in shares of Cameco during the fourth quarter worth approximately $129,000. Banco de Sabadell S.A increased its holdings in shares of Cameco by 100.0% during the third quarter. Banco de Sabadell S.A now owns 10,000 shares of the basic materials company’s stock worth $131,000 after buying an additional 5,000 shares in the last quarter. Finally, Water Island Capital LLC acquired a new stake in shares of Cameco during the fourth quarter worth approximately $227,000. 53.33% of the stock is owned by institutional investors.
Shares of Cameco stock opened at $11.62 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.38 and a quick ratio of 1.84. The company has a market capitalization of $4.62 billion, a P/E ratio of 29.05 and a beta of 0.88. Cameco Corp has a fifty-two week low of $9.39 and a fifty-two week high of $13.04.
Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Friday, February 8th. The basic materials company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.20. The business had revenue of $628.85 million during the quarter. Cameco had a net margin of 7.91% and a return on equity of 4.23%. Equities analysts predict that Cameco Corp will post 0.06 earnings per share for the current fiscal year.
Several research firms have recently weighed in on CCJ. Zacks Investment Research raised shares of Cameco from a “sell” rating to a “hold” rating in a report on Tuesday. Bank of America lowered shares of Cameco to a “sell” rating in a report on Thursday, December 20th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $15.33.
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Cameco Corporation produces and sells uranium worldwide. The company operates in two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrate. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; and the Inkai property located in Kazakhstan.
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