EFG International AG Invests $10.85 Million in Cameco Corporation $CCJ

EFG International AG acquired a new stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 106,663 shares of the basic materials company’s stock, valued at approximately $10,845,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CCJ. Mcguire Capital Advisors Inc. acquired a new stake in Cameco during the 4th quarter worth $28,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Cameco by 30,700.0% in 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. Sterling Capital Management LLC bought a new position in shares of Cameco in the 1st quarter worth $30,000. Sunbelt Securities Inc. boosted its position in shares of Cameco by 928.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 325 shares during the last quarter. Finally, Brown Lisle Cummings Inc. grew its stake in shares of Cameco by 3,200.0% during the first quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 288 shares during the period. 70.21% of the stock is owned by institutional investors.

Cameco Price Performance

CCJ opened at $107.03 on Wednesday. The stock has a market cap of $46.61 billion, a P/E ratio of 181.40, a P/E/G ratio of 1.75 and a beta of 1.05. Cameco Corporation has a 12 month low of $73.20 and a 12 month high of $135.24. The company has a quick ratio of 2.10, a current ratio of 3.06 and a debt-to-equity ratio of 0.14. The company has a fifty day simple moving average of $96.10 and a 200 day simple moving average of $107.18.

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

Wall Street Analyst Weigh In

CCJ has been the subject of a number of recent analyst reports. Barclays dropped their price objective on Cameco from $104.00 to $97.00 and set an “equal weight” rating for the company in a report on Tuesday, August 4th. Citigroup restated a “positive” rating on shares of Cameco in a research report on Wednesday, July 15th. Scotiabank reaffirmed an “outperform” rating and issued a $175.00 price target on shares of Cameco in a research note on Wednesday, May 6th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $135.00 price target on shares of Cameco in a research note on Monday, June 15th. Finally, Truist Financial increased their price target on shares of Cameco from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Fourteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $145.68.

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.