Mediolanum International Funds Ltd Sells 3,610 Shares of Cameco Corporation (NYSE:CCJ)

Mediolanum International Funds Ltd lowered its stake in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 30.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 8,326 shares of the basic materials company's stock after selling 3,610 shares during the period. Mediolanum International Funds Ltd's holdings in Cameco were worth $349,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Country Club Bank lifted its stake in Cameco by 0.5% during the 1st quarter. Country Club Bank now owns 43,553 shares of the basic materials company's stock valued at $1,822,000 after acquiring an additional 224 shares during the period. Two Sigma Investments LP lifted its stake in shares of Cameco by 0.5% in the 4th quarter. Two Sigma Investments LP now owns 50,438 shares of the basic materials company's stock worth $2,592,000 after purchasing an additional 238 shares during the period. Highview Capital Management LLC DE lifted its stake in shares of Cameco by 5.0% in the 4th quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company's stock worth $321,000 after purchasing an additional 300 shares during the period. MinichMacGregor Wealth Management LLC lifted its stake in shares of Cameco by 5.0% in the 1st quarter. MinichMacGregor Wealth Management LLC now owns 6,372 shares of the basic materials company's stock worth $262,000 after purchasing an additional 304 shares during the period. Finally, Freedom Investment Management Inc. lifted its stake 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 purchasing an additional 312 shares during the period. Institutional investors own 70.21% of the company's stock.

Cameco Trading Down 0.6%

Cameco stock opened at $79.12 on Tuesday. The firm has a 50 day moving average of $68.63 and a 200 day moving average of $53.67. The firm has a market capitalization of $34.45 billion, a price-to-earnings ratio of 197.80 and a beta of 1.03. Cameco Corporation has a 12-month low of $35.00 and a 12-month high of $80.06. 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 announced its quarterly earnings data 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). Cameco had a net margin of 7.50% and a return on equity of 4.47%. The company had revenue of $549.58 million for the quarter, compared to analysts' expectations of $890.07 million. During the same period last year, the business earned $0.13 earnings per share. The company's quarterly revenue was up 24.4% compared to the same quarter last year. As a group, research analysts predict that Cameco Corporation will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CCJ shares. 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. Scotiabank reiterated an "outperform" rating on shares of Cameco in a research note on Tuesday, July 8th. Raymond James Financial reiterated an "outperform" rating on shares of Cameco in a research note on Wednesday, June 18th. The Goldman Sachs Group increased their target price on shares of Cameco from $65.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. Finally, Royal Bank Of Canada increased their target price on shares of Cameco from $90.00 to $100.00 and gave the stock an "outperform" rating in a report on Friday, June 20th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $80.65.

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.

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