Ausbil Investment Management Ltd decreased its holdings in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 50.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,000 shares of the basic materials company's stock after selling 8,000 shares during the period. Ausbil Investment Management Ltd's holdings in Cameco were worth $329,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the stock. Continuum Advisory LLC grew its stake in Cameco by 39.3% during the 1st quarter. Continuum Advisory LLC now owns 43,886 shares of the basic materials company's stock worth $1,806,000 after purchasing an additional 12,384 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Cameco by 4.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 75,031 shares of the basic materials company's stock worth $3,088,000 after buying an additional 2,993 shares during the period. MinichMacGregor Wealth Management LLC raised its holdings in Cameco by 5.0% in the first quarter. MinichMacGregor Wealth Management LLC now owns 6,372 shares of the basic materials company's stock valued at $262,000 after acquiring an additional 304 shares in the last quarter. PFG Investments LLC grew its holdings in Cameco by 8.5% during the 1st quarter. PFG Investments LLC now owns 5,807 shares of the basic materials company's stock worth $239,000 after acquiring an additional 453 shares in the last quarter. Finally, Jamison Private Wealth Management Inc. lifted its position in shares of Cameco by 36.1% during the 1st quarter. Jamison Private Wealth Management Inc. now owns 10,807 shares of the basic materials company's stock worth $445,000 after purchasing an additional 2,866 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company's stock.
Analysts Set New Price Targets
Several research firms recently commented on CCJ. Sanford C. Bernstein set a $70.00 target price on Cameco and gave the company an "outperform" rating in a report on Tuesday, June 10th. Glj Research restated a "buy" rating and issued a $75.27 target price on shares of Cameco in a report on Thursday, June 12th. Desjardins started coverage on Cameco in a research report on Friday, April 4th. They issued a "buy" rating for the company. Scotiabank reaffirmed an "outperform" rating on shares of Cameco in a research report on Wednesday, May 14th. Finally, Wall Street Zen upgraded shares of Cameco from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $77.30.
Check Out Our Latest Stock Report on Cameco
Cameco Stock Performance
CCJ traded up $3.06 during trading on Thursday, hitting $74.49. The stock had a trading volume of 7,819,955 shares, compared to its average volume of 4,465,651. The firm has a market capitalization of $32.43 billion, a P/E ratio of 186.23 and a beta of 0.97. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.26 and a current ratio of 2.70. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $74.99. The company's 50-day moving average price is $56.19 and its 200 day moving average price is $50.27.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly 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). The firm had revenue of $549.58 million for the quarter, compared to analyst estimates of $890.07 million. Cameco had a return on equity of 4.47% and a net margin of 7.50%. The company's revenue was up 24.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.13 earnings per share. On average, equities research analysts forecast that Cameco Corporation will post 1.27 EPS for the current fiscal year.
Cameco Profile
(
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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