Fideuram Intesa Sanpaolo Private Banking S.P.A. Acquires Shares of 89,009 Cameco Corporation $CCJ

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the 4th quarter, Holdings Channel.com reports. The fund acquired 89,009 shares of the basic materials company’s stock, valued at approximately $8,143,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its position in Cameco by 0.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 161,694 shares of the basic materials company’s stock valued at $14,793,000 after buying an additional 457 shares during the period. Larson Financial Group LLC lifted its position in Cameco by 116.8% during the fourth quarter. Larson Financial Group LLC now owns 1,886 shares of the basic materials company’s stock valued at $173,000 after buying an additional 1,016 shares during the period. Gables Capital Management Inc. purchased a new position in Cameco during the fourth quarter valued at $178,000. HighTower Advisors LLC lifted its position in Cameco by 20.8% during the fourth quarter. HighTower Advisors LLC now owns 358,084 shares of the basic materials company’s stock valued at $32,761,000 after buying an additional 61,619 shares during the period. Finally, Stronghold Wealth Management L.L.C. purchased a new position in Cameco during the fourth quarter valued at $252,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on CCJ. Glj Research reissued a “buy” rating and set a $171.20 price objective (up from $100.00) on shares of Cameco in a research report on Wednesday, February 18th. Weiss Ratings lowered Cameco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. William Blair initiated coverage on Cameco in a research report on Monday, April 20th. They issued an “outperform” rating for the company. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $131.00 price target on shares of Cameco in a research report on Wednesday, February 4th. Finally, Scotiabank reaffirmed an “outperform” rating and issued a $175.00 price target on shares of Cameco in a research report on Wednesday, May 6th. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $153.13.

Cameco Price Performance

NYSE CCJ opened at $103.53 on Wednesday. Cameco Corporation has a one year low of $51.46 and a one year high of $135.24. The stock has a 50-day moving average of $113.95 and a 200 day moving average of $107.18. The company has a market capitalization of $45.09 billion, a price-to-earnings ratio of 95.86, a PEG ratio of 1.77 and a beta of 1.04. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.09 and a current ratio of 3.08.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The company had revenue of $607.49 million during the quarter, compared to the consensus estimate of $598.63 million. During the same period last year, the company earned $0.16 EPS. Cameco’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, sell-side analysts forecast that Cameco Corporation will post 1.32 EPS for the current year.

Cameco Company 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.