Oppenheimer & Co. Inc. Has $203,000 Stake in Cameco Corporation (NYSE:CCJ)

Oppenheimer & Co. Inc. trimmed its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 84.6% during the first quarter, Holdings Channel.com reports. The institutional investor owned 4,921 shares of the basic materials company’s stock after selling 27,103 shares during the period. Oppenheimer & Co. Inc.’s holdings in Cameco were worth $203,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Hurley Capital LLC acquired a new position in Cameco during the fourth quarter worth $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Cameco during the fourth quarter worth $28,000. Copia Wealth Management acquired a new position in Cameco during the fourth quarter worth $39,000. Ameriflex Group Inc. acquired a new position in shares of Cameco in the fourth quarter valued at $40,000. Finally, Larson Financial Group LLC raised its position in shares of Cameco by 37.4% in the fourth quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 226 shares during the period. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CCJ has been the subject of a number of research reports. The Goldman Sachs Group raised their target price on shares of Cameco from $65.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, June 11th. Stifel Nicolaus began coverage on shares of Cameco in a research report on Wednesday, March 12th. They set a “buy” rating for the company. Scotiabank restated an “outperform” rating on shares of Cameco in a report on Wednesday, May 14th. Stifel Canada upgraded Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. Finally, Glj Research reissued a “buy” rating and set a $75.27 price target on shares of Cameco in a report on Thursday, June 12th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $80.65.

Cameco Stock Performance

NYSE:CCJ opened at $73.02 on Friday. The stock has a market cap of $31.79 billion, a P/E ratio of 182.55 and a beta of 1.03. The stock has a 50 day simple moving average of $59.33 and a 200 day simple moving average of $50.85. The company has a current ratio of 2.70, a quick ratio of 1.26 and a debt-to-equity ratio of 0.15. Cameco Corporation has a 1-year low of $35.00 and a 1-year high of $75.42.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.07). The firm had revenue of $549.58 million for the quarter, compared to analyst estimates of $890.07 million. Cameco had a return on equity of 4.47% and a net margin of 7.50%. The business’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.13 earnings per share. Research analysts anticipate that Cameco Corporation will post 1.27 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.