Cameco Corporation (NYSE:CCJ) Shares Sold by Formidable Asset Management LLC

Formidable Asset Management LLC lessened its holdings in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 30.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,127 shares of the basic materials company's stock after selling 5,629 shares during the period. Formidable Asset Management LLC's holdings in Cameco were worth $540,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CCJ. FMR LLC increased its position in shares of Cameco by 8.7% during the fourth quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock worth $1,163,942,000 after purchasing an additional 1,811,876 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Cameco by 1.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,846,044 shares of the basic materials company's stock valued at $865,729,000 after purchasing an additional 190,337 shares during the last quarter. Vanguard Group Inc. boosted 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 valued at $862,997,000 after purchasing an additional 270,102 shares during the last quarter. Alliancebernstein L.P. boosted 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 valued at $518,443,000 after purchasing an additional 1,196,336 shares during the last quarter. Finally, Norges Bank purchased a new stake in Cameco in the fourth quarter valued at $188,595,000. Hedge funds and other institutional investors own 70.21% of the company's stock.

Analyst Upgrades and Downgrades

CCJ has been the topic of several recent research reports. Royal Bank Of Canada upped their price target on shares of Cameco from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Friday, June 20th. UBS Group reaffirmed a "buy" rating on shares of Cameco in a report on Tuesday, June 10th. Desjardins started coverage on shares of Cameco in a research note on Friday, April 4th. They set a "buy" rating on the stock. Scotiabank reissued an "outperform" rating on shares of Cameco in a research note on Tuesday, July 8th. Finally, Raymond James Financial reissued an "outperform" rating on shares of Cameco in a research note on Wednesday, June 18th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $80.65.

Cameco Price Performance

Cameco stock traded up $0.86 during midday trading on Wednesday, reaching $78.76. The company had a trading volume of 1,875,842 shares, compared to its average volume of 4,839,039. The company has a market capitalization of $34.29 billion, a P/E ratio of 197.01 and a beta of 1.03. Cameco Corporation has a 12-month low of $35.00 and a 12-month high of $80.05. The firm's fifty day simple moving average is $65.38 and its 200-day simple moving average is $52.54. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.70 and a quick ratio of 1.26.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings data 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 during 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%. The firm's revenue was up 24.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.13 EPS. As a group, equities analysts anticipate that Cameco Corporation will post 1.27 EPS 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.