123,024 Shares in Cameco Corporation $CCJ Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 123,024 shares of the basic materials company’s stock, valued at approximately $13,362,000.

Other hedge funds also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC acquired a new position in shares of Cameco during the fourth quarter valued at $25,000. Founders Capital Management bought a new stake in Cameco in the 4th quarter valued at about $27,000. Strategic Advocates LLC acquired a new position in Cameco during the 3rd quarter valued at about $28,000. Mcguire Capital Advisors Inc. acquired a new position in Cameco during the 4th quarter valued at about $28,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Cameco by 30,700.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 307 shares during the period. 70.21% of the stock is currently owned by institutional investors.

Cameco Stock Performance

CCJ stock opened at $96.36 on Friday. The company has a 50-day simple moving average of $109.86 and a 200 day simple moving average of $110.63. The company has a market capitalization of $41.97 billion, a P/E ratio of 89.22, a PEG ratio of 1.78 and a beta of 1.02. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14. Cameco Corporation has a fifty-two week low of $68.96 and a fifty-two week high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.29 by $0.05. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The firm had revenue of $607.49 million for the quarter, compared to analysts’ expectations of $598.63 million. During the same quarter last year, the company earned $0.16 EPS. Cameco’s quarterly revenue was up 7.1% on a year-over-year basis. Sell-side analysts predict that Cameco Corporation will post 1.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CCJ has been the topic of several analyst reports. Weiss Ratings lowered shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. William Blair assumed coverage on Cameco in a research report on Monday, April 20th. They set an “outperform” rating for the company. Royal Bank Of Canada increased their price objective on Cameco from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Monday. Sanford C. Bernstein restated an “outperform” rating and issued a $135.00 target price on shares of Cameco in a research report on Monday, June 15th. Finally, Canadian Imperial Bank of Commerce lifted their target price on Cameco to $202.00 in a research note on Monday, March 9th. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $148.92.

Key Cameco News

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Cameco closed its acquisition of TEPCO Resources’ 5% interest in the Cigar Lake Joint Venture, lifting its ownership in the high-grade uranium mine to 57.418%. The larger stake could strengthen Cameco’s long-term control over production and cash flow from one of its most important assets. Cameco Closes Deal to Increase Ownership in Cigar Lake Mine
• Positive Sentiment: RBC Capital raised its price target on Cameco to C$175 from C$160 and kept an Outperform rating, citing improving uranium fundamentals. That signals continued analyst confidence in the stock’s medium-term outlook. RBC Capital Increased its Price Target on Cameco Corporation (CCJ)
• Neutral Sentiment: Investor-letter coverage highlighted Cameco as a uranium supplier held by TimesSquare Capital’s mid-cap growth strategy, which may support interest in the stock but does not represent a direct company catalyst. TimesSquare Mid Cap Growth Strategy Bets on Cameco Corp. (CCJ), a Uranium Supplier
• Negative Sentiment: Cameco temporarily suspended operations at its Cigar Lake mine after problems at Orano’s McClean Lake mill disrupted ore processing. That creates a near-term production headwind and is likely the most important reason the stock is trading lower today. Cigar Lake Operation Update

About Cameco

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.