Cameco Corporation $CCJ Stock Holdings Cut by Temasek Holdings Private Ltd

Key Points

• Temasek cut its stake in Cameco by 52.4%, selling 806,052 shares and now owns 731,519 shares (about 0.17% of the company) worth roughly $61.3 million.
• Cameco beat quarterly expectations with $0.36 EPS versus $0.29 estimated and revenue of $874.6 million (up 1.5% year‑over‑year).
• The stock opened down 6.4% at $107.92, trades at a market cap of $47 billion with a P/E of 111.26, and carries a consensus analyst rating of Moderate Buy with an average target of $150.40.

Temasek Holdings Private Ltd cut its position in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 52.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 731,519 shares of the basic materials company's stock after selling 806,052 shares during the quarter. Temasek Holdings Private Ltd owned 0.17% of Cameco worth $61,345,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of CCJ. Bison Wealth LLC lifted its holdings in shares of Cameco by 16.1% in the fourth quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company's stock valued at $1,102,000 after buying an additional 2,975 shares during the period. AQR Capital Management LLC boosted its stake in Cameco by 16.6% during the first quarter. AQR Capital Management LLC now owns 9,547 shares of the basic materials company's stock valued at $393,000 after buying an additional 1,361 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in Cameco by 48.7% during the first quarter. Integrated Wealth Concepts LLC now owns 8,485 shares of the basic materials company's stock worth $349,000 after acquiring an additional 2,780 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Cameco by 11.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 604,841 shares of the basic materials company's stock worth $24,895,000 after acquiring an additional 64,512 shares in the last quarter. Finally, AE Wealth Management LLC bought a new stake in Cameco in the second quarter worth about $406,000. Institutional investors own 70.21% of the company's stock.

Cameco Trading Down 6.4%

NYSE:CCJ opened at $107.92 on Friday. The company has a quick ratio of 1.68, a current ratio of 2.47 and a debt-to-equity ratio of 0.14. Cameco Corporation has a 1-year low of $35.00 and a 1-year high of $135.24. The firm has a market capitalization of $47.00 billion, a price-to-earnings ratio of 111.26 and a beta of 0.98. The stock has a fifty day simple moving average of $116.55 and a 200 day simple moving average of $97.63.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Glj Research reissued a "buy" rating and issued a $171.20 price target (up from $100.00) on shares of Cameco in a report on Wednesday, February 18th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $147.00 price objective on shares of Cameco in a research note on Thursday, February 5th. Royal Bank Of Canada boosted their target price on shares of Cameco from $150.00 to $160.00 and gave the stock an "outperform" rating in a report on Tuesday, February 17th. Raymond James Financial reissued an "outperform" rating on shares of Cameco in a research note on Wednesday, January 14th. Finally, The Goldman Sachs Group restated a "buy" rating and set a $131.00 target price on shares of Cameco in a report on Wednesday, February 4th. Thirteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $150.40.

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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