Cameco Corporation $CCJ Shares Sold by Amova Asset Management Americas Inc.

Key Points

• Amova Asset Management Americas cut its stake in Cameco by 12.7% in Q3, selling 66,833 shares and now holds 458,057 shares valued at about $38.41 million, while institutional investors collectively own 70.21% of the stock and several large funds (Vanguard, DZ BANK, TD Asset Management, Norges Bank, Geode) increased positions.
• Analysts are broadly positive on Cameco, with a consensus rating of "Moderate Buy" and an average price target of $143.03, supported by recent upgrades and raised targets from firms including Sanford C. Bernstein, RBC, GLJ Research and Weiss Ratings.
• Cameco recently beat quarterly expectations (EPS $0.36 vs. $0.29, revenue $874.6M vs. $782.1M) and trades near $120.10 with a market cap of $52.31 billion and a 12‑month high of $135.24.

Amova Asset Management Americas Inc. reduced its stake in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 12.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 458,057 shares of the basic materials company's stock after selling 66,833 shares during the period. Amova Asset Management Americas Inc. owned 0.11% of Cameco worth $38,413,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Cameco by 1.3% in the third quarter. Vanguard Group Inc. now owns 17,801,142 shares of the basic materials company's stock worth $1,493,978,000 after buying an additional 235,613 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Cameco by 41.4% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,076,815 shares of the basic materials company's stock worth $524,988,000 after acquiring an additional 2,071,373 shares in the last quarter. TD Asset Management Inc grew its holdings in shares of Cameco by 116.7% in the 3rd quarter. TD Asset Management Inc now owns 4,622,932 shares of the basic materials company's stock worth $388,068,000 after acquiring an additional 2,489,207 shares during the last quarter. Norges Bank acquired a new stake in shares of Cameco during the second quarter worth $341,736,000. Finally, Geode Capital Management LLC lifted its stake in Cameco by 20.7% during the second quarter. Geode Capital Management LLC now owns 3,372,878 shares of the basic materials company's stock valued at $250,797,000 after buying an additional 578,393 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Sanford C. Bernstein reiterated an "outperform" rating and set a $147.00 price target on shares of Cameco in a report on Thursday, February 5th. National Bank Financial reaffirmed an "outperform" rating on shares of Cameco in a research note on Thursday, November 6th. Glj Research restated a "buy" rating and set a $171.20 target price (up from $100.00) on shares of Cameco in a report on Wednesday, February 18th. Royal Bank Of Canada boosted their price objective on shares of Cameco from $150.00 to $160.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 17th. Finally, Weiss Ratings raised Cameco from a "hold (c)" rating to a "buy (b-)" rating in a research report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $143.03.

Cameco Stock Up 2.0%

Shares of NYSE CCJ opened at $120.10 on Thursday. Cameco Corporation has a 12-month low of $35.00 and a 12-month high of $135.24. The company has a quick ratio of 1.68, a current ratio of 2.47 and a debt-to-equity ratio of 0.14. The firm's 50-day simple moving average is $113.61 and its 200 day simple moving average is $95.82. The company has a market cap of $52.31 billion, a price-to-earnings ratio of 123.81 and a beta of 0.98.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings data on Friday, February 13th. The basic materials company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.07. The firm had revenue of $874.57 million during the quarter, compared to analysts' expectations of $782.13 million. Cameco had a net margin of 17.00% and a return on equity of 9.35%. Cameco's revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.36 EPS. On average, research analysts expect that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Cameco Company Profile

Cameco Corporation NYSE: CCJ is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company's operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.

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