16,357 Shares in Cameco Corporation $CCJ Purchased by Leonteq Securities AG

Leonteq Securities AG acquired a new stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,357 shares of the basic materials company’s stock, valued at approximately $1,504,000.

Several other hedge funds have also recently modified their holdings of the stock. Legacy Bridge LLC increased its holdings in shares of Cameco by 0.9% during the fourth quarter. Legacy Bridge LLC now owns 11,508 shares of the basic materials company’s stock valued at $1,053,000 after acquiring an additional 100 shares in the last quarter. S.A. Mason LLC increased its holdings in Cameco by 4.8% in the 4th quarter. S.A. Mason LLC now owns 2,436 shares of the basic materials company’s stock worth $223,000 after buying an additional 111 shares during the period. GAMMA Investing LLC increased its holdings in Cameco by 19.9% in the 4th quarter. GAMMA Investing LLC now owns 676 shares of the basic materials company’s stock worth $62,000 after buying an additional 112 shares during the period. Midwest Trust Co increased its holdings in Cameco by 4.8% in the 4th quarter. Midwest Trust Co now owns 2,522 shares of the basic materials company’s stock worth $231,000 after buying an additional 116 shares during the period. Finally, International Assets Investment Management LLC boosted its position in Cameco by 3.1% in the 3rd quarter. International Assets Investment Management LLC now owns 3,938 shares of the basic materials company’s stock worth $330,000 after purchasing an additional 120 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analysts Set New Price Targets

CCJ has been the topic of several recent research reports. Canadian Imperial Bank of Commerce increased their target price on Cameco to $202.00 in a research report on Monday, March 9th. Sanford C. Bernstein reissued an “outperform” rating and issued a $147.00 price objective on shares of Cameco in a research note on Thursday, February 5th. Glj Research reissued a “buy” rating and issued a $171.20 price objective (up from $100.00) on shares of Cameco in a research note on Wednesday, February 18th. Scotiabank reissued an “outperform” rating and issued a $175.00 price objective on shares of Cameco in a research note on Wednesday, May 6th. Finally, Royal Bank Of Canada increased their price objective on Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Eleven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $148.62.

Cameco Stock Performance

Shares of Cameco stock opened at $105.47 on Friday. The business has a 50-day moving average of $113.41 and a 200 day moving average of $107.20. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.08 and a quick ratio of 2.09. The stock has a market capitalization of $45.94 billion, a price-to-earnings ratio of 97.66, a price-to-earnings-growth ratio of 1.76 and a beta of 1.04. Cameco Corporation has a 12 month low of $51.70 and a 12 month high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results 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. The company had revenue of $607.49 million for the quarter, compared to analyst estimates of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 earnings per share. As a group, sell-side analysts forecast that Cameco Corporation will post 1.32 earnings per share 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.