Itau Unibanco Holding S.A. Purchases 46,541 Shares of Cameco Co. (NYSE:CCJ)

Itau Unibanco Holding S.A. increased its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 465.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,541 shares of the basic materials company’s stock after acquiring an additional 46,541 shares during the quarter. Itau Unibanco Holding S.A.’s holdings in Cameco were worth $2,782,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CCJ. Vanguard Group Inc. lifted its holdings in shares of Cameco by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 15,911,954 shares of the basic materials company’s stock valued at $689,306,000 after purchasing an additional 200,871 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Cameco by 2.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,711,154 shares of the basic materials company’s stock worth $593,967,000 after acquiring an additional 288,400 shares during the last quarter. Capital World Investors raised its position in shares of Cameco by 1.6% in the 1st quarter. Capital World Investors now owns 13,708,235 shares of the basic materials company’s stock valued at $593,524,000 after purchasing an additional 215,741 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Cameco by 3.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,514,500 shares of the basic materials company’s stock worth $282,210,000 after purchasing an additional 202,157 shares in the last quarter. Finally, William Blair Investment Management LLC grew its position in Cameco by 6.8% during the 2nd quarter. William Blair Investment Management LLC now owns 4,160,009 shares of the basic materials company’s stock worth $204,672,000 after purchasing an additional 265,196 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Price Performance

Cameco stock opened at $44.40 on Friday. The company has a fifty day simple moving average of $41.76 and a 200-day simple moving average of $46.51. The company has a quick ratio of 1.48, a current ratio of 3.22 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $19.32 billion, a price-to-earnings ratio of 113.85 and a beta of 0.90. Cameco Co. has a 52-week low of $35.18 and a 52-week high of $56.24.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). The company had revenue of $598.00 million during the quarter, compared to analyst estimates of $756.00 million. Cameco had a return on equity of 5.63% and a net margin of 9.72%. The firm’s revenue was up 24.1% compared to the same quarter last year. During the same period last year, the business earned ($0.01) earnings per share. On average, equities analysts anticipate that Cameco Co. will post 0.96 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on CCJ shares. The Goldman Sachs Group raised their price target on shares of Cameco from $56.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, June 7th. Bank of America lifted their price target on Cameco from $59.00 to $60.50 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. National Bank Financial upgraded Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. Scotiabank decreased their price target on Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Finally, Glj Research reaffirmed a “buy” rating and set a $63.73 price objective on shares of Cameco in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $67.25.

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.