Intact Investment Management Inc. Lowers Position in Cameco Corporation (NYSE:CCJ)

Intact Investment Management Inc. lessened its holdings in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 37.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 153,640 shares of the basic materials company's stock after selling 93,240 shares during the period. Intact Investment Management Inc.'s holdings in Cameco were worth $6,326,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. PFG Investments LLC boosted its position in Cameco by 8.5% in the 1st quarter. PFG Investments LLC now owns 5,807 shares of the basic materials company's stock valued at $239,000 after buying an additional 453 shares during the period. Jamison Private Wealth Management Inc. boosted its position in Cameco by 36.1% in the 1st quarter. Jamison Private Wealth Management Inc. now owns 10,807 shares of the basic materials company's stock valued at $445,000 after buying an additional 2,866 shares during the period. Covea Finance boosted its position in Cameco by 52.8% in the 1st quarter. Covea Finance now owns 1,665,979 shares of the basic materials company's stock valued at $68,572,000 after buying an additional 575,393 shares during the period. Private Wealth Partners LLC purchased a new stake in shares of Cameco during the 1st quarter worth $830,000. Finally, Segment Wealth Management LLC purchased a new stake in shares of Cameco during the 1st quarter worth $253,000. Hedge funds and other institutional investors own 70.21% of the company's stock.

Cameco Stock Performance

NYSE CCJ traded down $1.34 during trading on Friday, reaching $68.33. The company's stock had a trading volume of 5,505,542 shares, compared to its average volume of 4,422,160. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.26 and a current ratio of 2.70. The firm has a market cap of $29.75 billion, a price-to-earnings ratio of 170.83 and a beta of 0.97. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $71.31. The business's fifty day moving average price is $53.72 and its 200-day moving average price is $49.78.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted 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 company's revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 earnings per share. As a group, analysts anticipate that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CCJ. Royal Bank Of Canada lifted their price objective on shares of Cameco from $90.00 to $100.00 and gave the stock an "outperform" rating in a research report on Friday. Glj Research reaffirmed a "buy" rating and set a $75.27 price objective on shares of Cameco in a research report on Thursday, June 12th. Wall Street Zen upgraded shares of Cameco from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Desjardins started coverage on shares of Cameco in a research note on Friday, April 4th. They set a "buy" rating on the stock. Finally, Raymond James Financial reiterated an "outperform" rating on shares of Cameco in a research note on Wednesday. One analyst has rated the stock with a hold rating, eleven have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $77.30.

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.