Zurcher Kantonalbank Zurich Cantonalbank Has $625,000 Position in Cameco Corp (NYSE:CCJ)

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Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Cameco Corp (NYSE:CCJ) (TSE:CCO) by 2.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 82,882 shares of the basic materials company’s stock after purchasing an additional 1,883 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Cameco were worth $625,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CCJ. JFS Wealth Advisors LLC acquired a new position in shares of Cameco in the first quarter valued at $35,000. Creative Financial Designs Inc. ADV increased its holdings in shares of Cameco by 118.5% in the first quarter. Creative Financial Designs Inc. ADV now owns 7,021 shares of the basic materials company’s stock valued at $54,000 after purchasing an additional 3,808 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Cameco by 318.8% in the fourth quarter. Quadrant Capital Group LLC now owns 6,851 shares of the basic materials company’s stock valued at $59,000 after purchasing an additional 5,215 shares during the last quarter. Exane Derivatives increased its holdings in shares of Cameco by 10,895.5% in the fourth quarter. Exane Derivatives now owns 7,367 shares of the basic materials company’s stock valued at $65,000 after purchasing an additional 7,300 shares during the last quarter. Finally, HNP Capital LLC acquired a new position in shares of Cameco in the first quarter valued at $108,000. Hedge funds and other institutional investors own 59.34% of the company’s stock.

NYSE CCJ opened at $9.95 on Friday. The company has a fifty day simple moving average of $9.76 and a 200 day simple moving average of $8.93. Cameco Corp has a 12-month low of $5.30 and a 12-month high of $11.26. The company has a current ratio of 5.58, a quick ratio of 4.56 and a debt-to-equity ratio of 0.20. The company has a market cap of $3.91 billion, a P/E ratio of 51.95 and a beta of 0.88.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Friday, May 1st. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.07. Cameco had a net margin of 3.86% and a return on equity of 2.10%. The business had revenue of $346.00 million during the quarter, compared to the consensus estimate of $283.00 million. During the same quarter last year, the firm posted ($0.08) EPS. Cameco’s revenue was up 16.1% compared to the same quarter last year. Sell-side analysts predict that Cameco Corp will post -0.04 EPS for the current year.

CCJ has been the topic of several research reports. Royal Bank of Canada upped their price objective on shares of Cameco from $14.00 to $15.00 and gave the company a “sector perform” rating in a report on Tuesday, May 5th. Scotiabank upgraded shares of Cameco to a “buy” rating and set a $13.00 price target on the stock in a research note on Friday, March 20th. Zacks Investment Research upgraded shares of Cameco from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Thursday, May 7th. ValuEngine cut shares of Cameco from a “buy” rating to a “hold” rating in a report on Friday, May 1st. Finally, TD Securities upgraded shares of Cameco from a “hold” rating to a “buy” rating in a report on Monday, May 4th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $13.92.

Cameco Company Profile

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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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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