Canton Hathaway LLC Sells 6,050 Shares of Cameco Corporation (NYSE:CCJ)

Canton Hathaway LLC reduced its stake in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 60.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,000 shares of the basic materials company's stock after selling 6,050 shares during the quarter. Canton Hathaway LLC's holdings in Cameco were worth $165,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CCJ. FMR LLC boosted its stake in Cameco by 8.7% in the fourth 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Cameco by 1.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,846,044 shares of the basic materials company's stock worth $865,729,000 after acquiring an additional 190,337 shares during the last quarter. Vanguard Group Inc. increased its holdings in Cameco by 1.6% in the fourth 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 in the last quarter. Alliancebernstein L.P. increased its holdings in Cameco by 13.5% in the fourth 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 in the last quarter. Finally, Norges Bank bought a new stake in Cameco in the fourth quarter worth approximately $188,595,000. 70.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Sanford C. Bernstein set a $70.00 price objective on Cameco and gave the company an "outperform" rating in a research note on Tuesday, June 10th. Glj Research reissued a "buy" rating and issued a $75.27 price objective on shares of Cameco in a research note on Thursday, June 12th. Desjardins assumed coverage on Cameco in a research note on Friday, April 4th. They issued a "buy" rating for the company. Stifel Canada raised Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Finally, Royal Bank Of Canada raised their price objective on Cameco from $90.00 to $100.00 and gave the company an "outperform" rating in a research note on Friday. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $77.30.

Cameco Stock Down 1.9%

Shares of NYSE:CCJ traded down $1.34 during mid-day trading on Friday, hitting $68.33. 5,505,542 shares of the company traded hands, compared to its average volume of 4,422,160. The stock has a market cap of $29.75 billion, a P/E ratio of 170.83 and a beta of 0.97. The company has a current ratio of 2.70, a quick ratio of 1.26 and a debt-to-equity ratio of 0.15. Cameco Corporation has a 12-month low of $35.00 and a 12-month high of $71.31. The stock has a 50-day moving average price of $53.72 and a two-hundred day moving average price of $49.86.

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 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). The business had revenue of $549.58 million for the quarter, compared to the consensus estimate of $890.07 million. Cameco had a return on equity of 4.47% and a net margin of 7.50%. The business's revenue was up 24.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 earnings per share. On average, equities research analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current year.

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.