Tacita Capital Inc Buys Shares of 5,857 Cameco Corporation $CCJ

Tacita Capital Inc bought a new stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,857 shares of the basic materials company’s stock, valued at approximately $596,000.

Several other large investors also recently modified their holdings of CCJ. Mcguire Capital Advisors Inc. purchased a new position in Cameco in the fourth quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd increased its position in Cameco by 30,700.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock worth $28,000 after buying an additional 307 shares during the last quarter. Sterling Capital Management LLC purchased a new stake in Cameco in the first quarter worth $30,000. Sunbelt Securities Inc. raised its stake in shares of Cameco by 928.6% in the third quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock valued at $30,000 after buying an additional 325 shares during the period. Finally, Brown Lisle Cummings Inc. raised its stake in shares of Cameco by 3,200.0% in the first quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company’s stock valued at $32,000 after buying an additional 288 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Sanford C. Bernstein reiterated an “outperform” rating and set a $135.00 price target on shares of Cameco in a research note on Monday, June 15th. Citigroup restated a “positive” rating on shares of Cameco in a research note on Wednesday, July 15th. Royal Bank Of Canada upped their price objective on shares of Cameco from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Wall Street Zen lowered shares of Cameco from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, Bank of America reduced their target price on shares of Cameco from $143.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Fourteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Cameco currently has a consensus rating of “Moderate Buy” and an average target price of $145.68.

Cameco Price Performance

Cameco stock opened at $97.95 on Thursday. The firm has a market capitalization of $42.66 billion, a P/E ratio of 166.01, a PEG ratio of 1.64 and a beta of 1.05. Cameco Corporation has a one year low of $68.96 and a one year high of $135.24. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.06 and a quick ratio of 2.10. The business has a fifty day moving average price of $96.25 and a 200-day moving average price of $107.72.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Friday, July 31st. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.13). The company had revenue of $573.06 million for the quarter, compared to the consensus estimate of $579.60 million. Cameco had a net margin of 10.20% and a return on equity of 7.59%. The business’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.71 earnings per share. As a group, equities research analysts forecast that Cameco Corporation will post 1.27 EPS for the current year.

Cameco 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.