Bank of New York Mellon Corp Sells 391,205 Shares of Cameco Corporation (NYSE:CCJ)

Bank of New York Mellon Corp reduced its stake in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 20.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,515,642 shares of the basic materials company's stock after selling 391,205 shares during the period. Bank of New York Mellon Corp owned approximately 0.35% of Cameco worth $62,384,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Hurley Capital LLC bought a new stake in Cameco during the 4th quarter worth approximately $27,000. Copia Wealth Management bought a new stake in Cameco during the 4th quarter worth approximately $39,000. Ameriflex Group Inc. bought a new stake in Cameco during the 4th quarter worth approximately $40,000. CoreCap Advisors LLC grew its position in Cameco by 8,363.6% during the 4th quarter. CoreCap Advisors LLC now owns 931 shares of the basic materials company's stock worth $48,000 after acquiring an additional 920 shares during the last quarter. Finally, Private Trust Co. NA grew its position in Cameco by 315.2% during the 1st quarter. Private Trust Co. NA now owns 1,229 shares of the basic materials company's stock worth $51,000 after acquiring an additional 933 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors.

Cameco Trading Up 2.6%

Shares of NYSE:CCJ traded up $1.84 during midday trading on Friday, hitting $72.66. The company had a trading volume of 4,030,292 shares, compared to its average volume of 4,562,466. Cameco Corporation has a 12 month low of $35.00 and a 12 month high of $75.42. The company has a current ratio of 2.70, a quick ratio of 1.26 and a debt-to-equity ratio of 0.15. The stock has a market cap of $31.63 billion, a price-to-earnings ratio of 181.65 and a beta of 1.03. The firm has a fifty day simple moving average of $62.58 and a 200 day simple moving average of $51.67.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.07). Cameco had a return on equity of 4.47% and a net margin of 7.50%. The company had revenue of $549.58 million during the quarter, compared to the consensus estimate of $890.07 million. During the same quarter in the prior year, the business earned $0.13 earnings per share. The firm's revenue for the quarter was up 24.4% on a year-over-year basis. On average, analysts predict that Cameco Corporation will post 1.27 EPS for the current year.

Analysts Set New Price Targets

CCJ has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their price target on Cameco from $65.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, June 11th. UBS Group reaffirmed a "buy" rating on shares of Cameco in a report on Tuesday, June 10th. Raymond James Financial reaffirmed an "outperform" rating on shares of Cameco in a report on Wednesday, June 18th. Sanford C. Bernstein set a $70.00 price objective on Cameco and gave the stock an "outperform" rating in a report on Tuesday, June 10th. Finally, Glj Research reaffirmed a "buy" rating and set a $75.27 price objective on shares of Cameco in a report on Thursday, June 12th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $80.65.

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.