ExodusPoint Capital Management LP Acquires Shares of 23,205 Cameco Co. (NYSE:CCJ)

ExodusPoint Capital Management LP purchased a new stake in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 23,205 shares of the basic materials company's stock, valued at approximately $1,193,000.

Several other large investors have also recently modified their holdings of the stock. Sierra Ocean LLC bought a new position in shares of Cameco during the fourth quarter valued at $25,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Cameco during the 4th quarter valued at about $28,000. Whipplewood Advisors LLC bought a new stake in shares of Cameco in the fourth quarter worth approximately $33,000. Compass Planning Associates Inc purchased a new position in shares of Cameco during the fourth quarter valued at approximately $36,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Cameco in the third quarter worth approximately $38,000. Hedge funds and other institutional investors own 70.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CCJ shares. Sanford C. Bernstein started coverage on Cameco in a research note on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 price target on the stock. Desjardins began coverage on shares of Cameco in a report on Friday, April 4th. They issued a "buy" rating on the stock. Glj Research upped their target price on shares of Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a report on Wednesday, March 12th. Stifel Nicolaus began coverage on Cameco in a research note on Wednesday, March 12th. They issued a "buy" rating for the company. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $90.00 target price on shares of Cameco in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $70.03.

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Cameco Price Performance

Shares of Cameco stock traded up $0.68 during trading hours on Monday, hitting $41.52. The company's stock had a trading volume of 411,666 shares, compared to its average volume of 4,095,221. Cameco Co. has a 12-month low of $35.00 and a 12-month high of $62.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The company has a market cap of $18.07 billion, a PE ratio of 148.29 and a beta of 1.04. The business has a 50 day moving average price of $43.54 and a two-hundred day moving average price of $50.01.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 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 the consensus estimate of $1.09 billion. Analysts expect that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

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.