Public Employees Retirement System of Ohio Invests $3.81 Million in Cameco Corporation $CCJ

Public Employees Retirement System of Ohio acquired a new stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 37,383 shares of the basic materials company’s stock, valued at approximately $3,809,000.

Several other institutional investors have also added to or reduced their stakes in CCJ. Mcguire Capital Advisors Inc. purchased a new position in shares of Cameco in the fourth quarter worth about $28,000. Caitong International Asset Management Co. Ltd boosted its holdings in 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 worth $28,000 after buying an additional 307 shares during the period. Sterling Capital Management LLC bought a new position in Cameco in the 1st quarter worth approximately $30,000. Sunbelt Securities Inc. grew its stake in Cameco by 928.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock valued at $30,000 after buying an additional 325 shares in the last quarter. Finally, Brown Lisle Cummings Inc. grew its stake in Cameco by 3,200.0% in the 1st quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company’s stock valued at $32,000 after buying an additional 288 shares in the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Trading Up 4.3%

Cameco stock opened at $100.56 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.10 and a current ratio of 3.06. Cameco Corporation has a fifty-two week low of $74.63 and a fifty-two week high of $135.24. The stock has a market cap of $43.80 billion, a P/E ratio of 170.44, a PEG ratio of 1.65 and a beta of 1.06. The firm’s fifty day moving average price is $95.33 and its 200-day moving average price is $106.45.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CCJ shares. Truist Financial increased their target price on Cameco from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Citigroup reissued a “positive” rating on shares of Cameco in a report on Wednesday, July 15th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $135.00 target price on shares of Cameco in a report on Monday, June 15th. Bank of America lowered their price target on shares of Cameco from $143.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Finally, Weiss Ratings lowered shares of Cameco from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, August 12th. Fourteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.09.

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.