Sava Infond d.o.o. reduced its position in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 20.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,930 shares of the basic materials company's stock after selling 13,700 shares during the quarter. Sava Infond d.o.o.'s holdings in Cameco were worth $2,261,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of CCJ. Principal Securities Inc. raised its stake in shares of Cameco by 132.9% during the fourth quarter. Principal Securities Inc. now owns 1,742 shares of the basic materials company's stock worth $90,000 after purchasing an additional 994 shares during the last quarter. Sanctuary Advisors LLC raised its position in Cameco by 11.6% in the fourth quarter. Sanctuary Advisors LLC now owns 15,587 shares of the basic materials company's stock worth $784,000 after acquiring an additional 1,618 shares in the last quarter. Truist Financial Corp raised its position in Cameco by 8.3% in the fourth quarter. Truist Financial Corp now owns 28,111 shares of the basic materials company's stock worth $1,445,000 after acquiring an additional 2,153 shares in the last quarter. Global Retirement Partners LLC grew its holdings in Cameco by 92.7% in the fourth quarter. Global Retirement Partners LLC now owns 1,931 shares of the basic materials company's stock valued at $99,000 after purchasing an additional 929 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in Cameco in the fourth quarter valued at $1,420,000. Hedge funds and other institutional investors own 70.21% of the company's stock.
Analyst Ratings Changes
CCJ has been the topic of several research reports. Stifel Canada raised Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. Glj Research reissued a "buy" rating and issued a $75.27 price target on shares of Cameco in a research note on Thursday, June 12th. Desjardins assumed coverage on Cameco in a research note on Friday, April 4th. They issued a "buy" rating on the stock. UBS Group reissued a "buy" rating on shares of Cameco in a research note on Tuesday, June 10th. Finally, Stifel Nicolaus assumed coverage on Cameco in a research note on Wednesday, March 12th. They issued a "buy" rating on the stock. One equities research 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 company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $80.65.
Check Out Our Latest Analysis on CCJ
Cameco Trading Down 1.6%
Shares of Cameco stock traded down $1.22 during trading hours on Friday, reaching $73.25. The stock had a trading volume of 8,005,182 shares, compared to its average volume of 4,486,564. The firm has a 50 day simple moving average of $56.83 and a two-hundred day simple moving average of $50.38. The firm has a market capitalization of $31.89 billion, a price-to-earnings ratio of 183.12 and a beta of 0.97. 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 Corporation has a 1 year low of $35.00 and a 1 year high of $75.42.
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 firm had revenue of $549.58 million during the quarter, compared to analysts' expectations of $890.07 million. Cameco had a return on equity of 4.47% and a net margin of 7.50%. The business's revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.13 earnings per share. As a group, equities research analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current year.
Cameco Profile
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Free Report)
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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