Vise Technologies Inc. Purchases Shares of 9,176 Cameco Corporation $CCJ

Vise Technologies Inc. purchased a new stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the 2nd quarter, HoldingsChannel reports. The fund purchased 9,176 shares of the basic materials company’s stock, valued at approximately $935,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Temasek Holdings Private Ltd bought a new position in shares of Cameco during the 1st quarter valued at about $70,851,000. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Cameco by 35.2% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 535,743 shares of the basic materials company’s stock worth $58,187,000 after purchasing an additional 139,592 shares during the last quarter. WCM Investment Management LLC bought a new stake in shares of Cameco in the 1st quarter worth approximately $35,342,000. Amova Asset Management Americas Inc. raised its holdings in shares of Cameco by 37.7% in the 1st quarter. Amova Asset Management Americas Inc. now owns 522,864 shares of the basic materials company’s stock worth $56,788,000 after purchasing an additional 143,113 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in Cameco by 102.3% during the first quarter. Janus Henderson Group PLC now owns 155,427 shares of the basic materials company’s stock valued at $16,883,000 after purchasing an additional 78,609 shares during the last quarter. Institutional investors own 70.21% of the company’s stock.

Cameco Price Performance

NYSE CCJ opened at $102.55 on Friday. The company has a current ratio of 3.06, a quick ratio of 2.10 and a debt-to-equity ratio of 0.14. Cameco Corporation has a 1 year low of $72.75 and a 1 year high of $135.24. The company has a market cap of $44.66 billion, a PE ratio of 173.81, a PEG ratio of 1.75 and a beta of 1.05. The stock’s 50-day moving average price is $96.21 and its two-hundred day moving average price is $107.49.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Friday, July 31st. The basic materials company reported $0.13 EPS 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 firm had revenue of $573.06 million during the quarter, compared to analyst estimates of $579.60 million. During the same quarter in the previous year, the business earned $0.71 earnings per share. The business’s quarterly revenue was down 6.8% compared to the same quarter last year. On average, analysts predict that Cameco Corporation will post 1.27 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CCJ. Barclays reduced their target price on shares of Cameco from $104.00 to $97.00 and set an “equal weight” rating for the company in a report on Tuesday, August 4th. Weiss Ratings cut Cameco from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. Wall Street Zen downgraded Cameco from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Bank of America cut their price objective on Cameco from $143.00 to $140.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Finally, Truist Financial raised their price objective on Cameco from $129.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Fourteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $145.68.

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.