Deuterium Capital Management LLC Invests $492,000 in Cameco Co. (NYSE:CCJ)

Deuterium Capital Management LLC acquired a new position in Cameco Co. (NYSE:CCJ) (TSE:CCO) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 10,000 shares of the basic materials company’s stock, valued at approximately $492,000. Cameco accounts for about 0.8% of Deuterium Capital Management LLC’s investment portfolio, making the stock its 19th biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Venturi Wealth Management LLC lifted its stake in Cameco by 235.3% during the first quarter. Venturi Wealth Management LLC now owns 570 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 400 shares during the last quarter. LRI Investments LLC purchased a new position in shares of Cameco during the 1st quarter valued at about $26,000. Principal Securities Inc. bought a new stake in Cameco in the 4th quarter worth approximately $29,000. Lindbrook Capital LLC raised its position in 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 purchasing an additional 221 shares during the last quarter. Finally, Larson Financial Group LLC lifted its holdings in Cameco by 99.3% in the 1st quarter. Larson Financial Group LLC now owns 1,204 shares of the basic materials company’s stock worth $52,000 after buying an additional 600 shares during the period. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Stock Up 1.4 %

Shares of Cameco stock traded up $0.58 during trading on Friday, hitting $40.83. The company’s stock had a trading volume of 2,646,787 shares, compared to its average volume of 4,344,940. The company has a market capitalization of $17.77 billion, a PE ratio of 104.69 and a beta of 0.92. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.69 and a current ratio of 3.22. Cameco Co. has a 52 week low of $35.18 and a 52 week high of $56.24. The company has a fifty day simple moving average of $45.08 and a two-hundred day simple moving average of $46.66.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.14 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 the consensus estimate of $756.00 million. Cameco had a return on equity of 5.63% and a net margin of 9.72%. The business’s revenue for the quarter was up 24.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.01) earnings per share. Equities research analysts predict that Cameco Co. will post 1.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CCJ. Scotiabank reduced their target price on Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. The Goldman Sachs Group boosted their price objective on shares of Cameco from $56.00 to $62.00 and gave the company a “buy” rating in a research report on Friday, June 7th. Bank of America raised their target price on shares of Cameco from $59.00 to $60.50 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Glj Research reiterated a “buy” rating and set a $63.73 price target on shares of Cameco in a research report on Wednesday, August 14th. Finally, Cantor Fitzgerald upgraded shares of Cameco from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Cameco currently has an average rating of “Moderate Buy” and a consensus target price of $65.37.

About Cameco

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.