Sava Infond d.o.o. cut its position in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 20.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Cameco during the 4th quarter valued at approximately $188,595,000. FMR LLC grew its holdings in shares of Cameco by 8.7% during the 4th quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock valued at $1,163,942,000 after purchasing an additional 1,811,876 shares during the last quarter. Driehaus Capital Management LLC grew its holdings in shares of Cameco by 120.2% during the 4th quarter. Driehaus Capital Management LLC now owns 2,245,539 shares of the basic materials company's stock valued at $115,398,000 after purchasing an additional 1,225,966 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Cameco by 13.5% during the 4th 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, AGF Management Ltd. grew its holdings in shares of Cameco by 54.2% during the 4th quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company's stock valued at $174,433,000 after purchasing an additional 1,193,266 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
CCJ has been the topic of several research reports. The Goldman Sachs Group lifted their price target on shares of Cameco from $65.00 to $78.00 and gave the company a "buy" rating in a report on Wednesday, June 11th. Raymond James Financial reaffirmed an "outperform" rating on shares of Cameco in a report on Wednesday, June 18th. Scotiabank reaffirmed an "outperform" rating on shares of Cameco in a report on Wednesday, May 14th. Royal Bank Of Canada lifted 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. Finally, Stifel Canada raised shares of Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, Cameco presently has a consensus rating of "Buy" and an average target price of $77.30.
View Our Latest Stock Report on Cameco
Cameco Trading Up 2.3%
CCJ opened at $69.83 on Tuesday. The firm has a market capitalization of $30.40 billion, a price-to-earnings ratio of 174.58 and a beta of 0.97. Cameco Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $71.31. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.70 and a quick ratio of 1.26. The company's 50 day moving average price is $54.29 and its two-hundred day moving average price is $49.84.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings results 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). The firm had revenue of $549.58 million during the quarter, compared to analyst estimates of $890.07 million. Cameco had a return on equity of 4.47% and a net margin of 7.50%. The firm's revenue for the quarter was up 24.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 EPS. As a group, research analysts predict that Cameco Corporation will post 1.27 earnings per share for the current year.
Cameco Company Profile
(
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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