Oppenheimer & Co. Inc. Purchases 5,168 Shares of Cameco Co. (NYSE:CCJ)

Oppenheimer & Co. Inc. raised its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 21.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,538 shares of the basic materials company’s stock after purchasing an additional 5,168 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Cameco were worth $1,453,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. LRI Investments LLC purchased a new stake in shares of Cameco during the 1st quarter valued at about $26,000. Principal Securities Inc. purchased a new stake in shares of Cameco during the 4th quarter valued at about $29,000. Lindbrook Capital LLC boosted its holdings in shares of Cameco by 26.0% during the 1st quarter. Lindbrook Capital LLC now owns 1,070 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 221 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of Cameco by 99.3% during the 1st quarter. Larson Financial Group LLC now owns 1,204 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 600 shares during the last quarter. Finally, Crewe Advisors LLC purchased a new stake in shares of Cameco during the 1st quarter valued at about $87,000. 70.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CCJ shares. Glj Research reaffirmed a “buy” rating and set a $63.73 price target on shares of Cameco in a report on Wednesday, August 14th. Bank of America raised their price objective on shares of Cameco from $59.00 to $60.50 and gave the stock a “buy” rating in a report on Wednesday, June 26th. The Goldman Sachs Group raised their price objective on shares of Cameco from $56.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, June 7th. Cantor Fitzgerald raised shares of Cameco from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 31st. Finally, Scotiabank dropped their price objective on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. One research analyst has rated the stock with a sell rating, five have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $67.25.

Cameco Price Performance

NYSE CCJ opened at $40.30 on Wednesday. Cameco Co. has a 12 month low of $35.18 and a 12 month high of $56.24. The stock has a market cap of $17.54 billion, a price-to-earnings ratio of 103.33 and a beta of 0.90. The company’s 50 day moving average is $42.45 and its two-hundred day moving average is $46.53. The company has a current ratio of 3.22, a quick ratio of 1.48 and a debt-to-equity ratio of 0.23.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.14). The company had revenue of $598.00 million for the quarter, compared to the consensus estimate of $756.00 million. Cameco had a net margin of 9.72% and a return on equity of 5.63%. The company’s quarterly revenue was up 24.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.01) EPS. As a group, research analysts anticipate that Cameco Co. will post 0.96 earnings per share for the current year.

Cameco Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.