Cameco Corporation (NYSE:CCJ) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lowered its holdings in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 24.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,863 shares of the basic materials company's stock after selling 3,872 shares during the period. Vontobel Holding Ltd.'s holdings in Cameco were worth $488,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CCJ. Hurley Capital LLC acquired a new position in shares of Cameco in the fourth quarter valued at approximately $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Cameco in the fourth quarter valued at approximately $28,000. Copia Wealth Management acquired a new position in Cameco during the fourth quarter worth approximately $39,000. Ameriflex Group Inc. acquired a new position in Cameco during the fourth quarter worth approximately $40,000. Finally, Larson Financial Group LLC increased its position in Cameco by 37.4% during the fourth quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company's stock worth $43,000 after purchasing an additional 226 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CCJ shares. Desjardins started coverage on shares of Cameco in a research report on Friday, April 4th. They set a "buy" rating for the company. Wall Street Zen raised shares of Cameco from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. The Goldman Sachs Group upped their price target on shares of Cameco from $65.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, June 11th. Stifel Nicolaus began coverage on shares of Cameco in a research note on Wednesday, March 12th. They set a "buy" rating for the company. Finally, Glj Research reissued a "buy" rating and issued a $75.27 target price on shares of Cameco in a research note on Thursday, June 12th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $80.65.

Cameco Price Performance

CCJ opened at $75.16 on Tuesday. The company has a fifty day simple moving average of $60.51 and a 200 day simple moving average of $51.13. The firm has a market cap of $32.72 billion, a price-to-earnings ratio of 187.90 and a beta of 1.03. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $75.42. 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 (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share 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 net margin of 7.50% and a return on equity of 4.47%. Cameco's revenue for the quarter was up 24.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.13 earnings per share. Equities research analysts expect that Cameco Corporation will post 1.27 EPS for the current fiscal year.

About Cameco

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.