Cameco Corporation (NYSE:CCJ) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its holdings in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 36.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 388,854 shares of the basic materials company's stock after selling 225,446 shares during the quarter. Principal Financial Group Inc. owned about 0.09% of Cameco worth $16,005,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CCJ. Two Sigma Investments LP increased its holdings in Cameco by 0.5% in the 4th quarter. Two Sigma Investments LP now owns 50,438 shares of the basic materials company's stock valued at $2,592,000 after purchasing an additional 238 shares in the last quarter. Highview Capital Management LLC DE increased its holdings in Cameco by 5.0% in the fourth quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company's stock valued at $321,000 after buying an additional 300 shares during the last quarter. MinichMacGregor Wealth Management LLC increased 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 buying an additional 304 shares during the last quarter. Freedom Investment Management Inc. lifted its position in shares of Cameco by 5.3% in the 4th quarter. Freedom Investment Management Inc. now owns 6,230 shares of the basic materials company's stock worth $320,000 after buying an additional 312 shares during the last quarter. Finally, Beacon Pointe Advisors LLC lifted its position in shares of Cameco by 2.9% in the 4th quarter. Beacon Pointe Advisors LLC now owns 11,811 shares of the basic materials company's stock worth $607,000 after buying an additional 330 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on CCJ. UBS Group reaffirmed a "buy" rating on shares of Cameco in a report on Tuesday, June 10th. Scotiabank restated an "outperform" rating on shares of Cameco in a report on Tuesday. Glj Research reiterated a "buy" rating and issued a $75.27 price objective on shares of Cameco in a research note on Thursday, June 12th. Sanford C. Bernstein set a $70.00 price target on Cameco and gave the company an "outperform" rating in a report on Tuesday, June 10th. Finally, The Goldman Sachs Group boosted their price objective on shares of Cameco from $65.00 to $78.00 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $80.65.

Cameco Stock Up 2.6%

CCJ opened at $72.66 on Friday. Cameco Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $75.42. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.70 and a quick ratio of 1.26. The firm's fifty day moving average price is $62.58 and its two-hundred day moving average price is $51.67. The company has a market capitalization of $31.63 billion, a P/E ratio of 181.65 and a beta of 1.03.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its 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 company had revenue of $549.58 million during 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 quarterly revenue was up 24.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 earnings per share. On average, analysts anticipate that Cameco Corporation will post 1.27 EPS for the current year.

Cameco 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.

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