Artemis Investment Management LLP lessened its holdings in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 57.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 177,063 shares of the basic materials company's stock after selling 243,468 shares during the period. Artemis Investment Management LLP's holdings in Cameco were worth $7,288,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the business. FMR LLC grew its position in shares of Cameco by 8.7% during the 4th quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock valued at $1,163,942,000 after buying an additional 1,811,876 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Cameco by 1.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,846,044 shares of the basic materials company's stock valued at $865,729,000 after buying an additional 190,337 shares during the last quarter. Vanguard Group Inc. grew its position in Cameco by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 16,784,270 shares of the basic materials company's stock worth $862,997,000 after purchasing an additional 270,102 shares during the last quarter. Alliancebernstein L.P. grew its position in Cameco by 13.5% in the 4th quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company's stock worth $518,443,000 after purchasing an additional 1,196,336 shares during the last quarter. Finally, Norges Bank bought a new position in Cameco in the 4th quarter worth about $188,595,000. Institutional investors own 70.21% of the company's stock.
Cameco Stock Down 1.6%
Shares of CCJ traded down $1.22 during mid-day trading on Friday, hitting $73.25. 8,005,182 shares of the company's stock were exchanged, compared to its average volume of 4,489,434. The firm has a fifty day moving average of $56.83 and a two-hundred day moving average of $50.33. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $75.42. The stock has a market cap of $31.89 billion, a price-to-earnings ratio of 183.12 and a beta of 0.97. The company has a quick ratio of 1.26, a current ratio of 2.70 and a debt-to-equity ratio of 0.15.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). Cameco had a net margin of 7.50% and a return on equity of 4.47%. The firm had revenue of $549.58 million during the quarter, compared to analyst estimates of $890.07 million. During the same quarter in the previous year, the business posted $0.13 earnings per share. The business's quarterly revenue was up 24.4% compared to the same quarter last year. On average, sell-side analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current year.
Wall Street Analyst Weigh In
CCJ has been the subject of a number of research analyst reports. UBS Group reaffirmed a "buy" rating on shares of Cameco in a research note on Tuesday, June 10th. Sanford C. Bernstein set a $70.00 price target on shares of Cameco and gave the stock an "outperform" rating in a research note on Tuesday, June 10th. The Goldman Sachs Group increased their target price on shares of Cameco from $65.00 to $78.00 and gave the company a "buy" rating in a research note on Wednesday, June 11th. Scotiabank reissued an "outperform" rating on shares of Cameco in a research note on Wednesday, May 14th. Finally, Raymond James Financial reissued an "outperform" rating on shares of Cameco in a research note on Wednesday, June 18th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Cameco currently has a consensus rating of "Buy" and a consensus price target of $80.65.
Get Our Latest Stock Analysis on CCJ
About Cameco
(
Free Report)
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.
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