Bank Julius Baer & Co. Ltd Zurich Buys Shares of 548 Cameco Co. (NYSE:CCJ)

Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 548 shares of the basic materials company’s stock, valued at approximately $28,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sierra Ocean LLC acquired a new stake in Cameco during the 4th quarter worth approximately $25,000. Whipplewood Advisors LLC acquired a new stake in shares of Cameco in the fourth quarter valued at $33,000. Pingora Partners LLC purchased a new position in Cameco in the third quarter valued at $33,000. Compass Planning Associates Inc acquired a new position in Cameco during the 4th quarter worth $36,000. Finally, First Horizon Advisors Inc. increased its holdings in Cameco by 84.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 351 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Price Performance

CCJ stock opened at $41.70 on Wednesday. The stock has a market cap of $18.15 billion, a price-to-earnings ratio of 148.91 and a beta of 1.04. Cameco Co. has a fifty-two week low of $35.43 and a fifty-two week high of $62.55. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average price of $48.40 and a 200 day moving average price of $50.01.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The business had revenue of $845.54 million during the quarter, compared to analysts’ expectations of $1.09 billion. Equities research analysts anticipate that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CCJ shares. StockNews.com cut Cameco from a “hold” rating to a “sell” rating in a research note on Tuesday. Royal Bank of Canada reiterated an “outperform” rating and issued a $90.00 price target on shares of Cameco in a research note on Tuesday, March 4th. One analyst has rated the stock with a sell rating, six have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Cameco presently has a consensus rating of “Buy” and a consensus target price of $71.25.

Cameco Company 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.