Sava Infond d.o.o. Reduces Stock Holdings in Cameco Corporation $CCJ

Key Points

• Reduced stake by 17.8% — Sava Infond d.o.o. sold 9,200 Cameco shares in Q4 and now holds 42,530 shares valued at $3.891 million.
• Cameco beat quarterly expectations with $0.36 EPS (vs. $0.29 est.) and $874.6M revenue, reporting a 17% net margin and 9.35% return on equity.
• Analysts show a Moderate Buy consensus (12 Buys, 3 Holds) with an average price target of $150.40, and several firms have recently raised targets (e.g., CIBC to $202, RBC to $160).

Sava Infond d.o.o. lessened its stake in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 17.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,530 shares of the basic materials company's stock after selling 9,200 shares during the quarter. Sava Infond d.o.o.'s holdings in Cameco were worth $3,891,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Financial Consulate Inc. purchased a new position in Cameco during the third quarter worth about $25,000. Nisa Investment Advisors LLC acquired a new position in Cameco during the 4th quarter worth about $25,000. Founders Capital Management acquired a new position in Cameco during the 4th quarter worth about $27,000. Strategic Advocates LLC acquired a new position in Cameco during the 3rd quarter worth about $28,000. Finally, Sunbelt Securities Inc. lifted its stake in Cameco by 928.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company's stock worth $30,000 after acquiring an additional 325 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company's stock.

Analysts Set New Price Targets

CCJ has been the topic of several research reports. Zacks Research lowered Cameco from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 18th. Raymond James Financial reissued an "outperform" rating on shares of Cameco in a research note on Wednesday, January 14th. Sanford C. Bernstein reissued an "outperform" rating and issued a $147.00 price objective on shares of Cameco in a research note on Thursday, February 5th. Canadian Imperial Bank of Commerce raised their price objective on shares of Cameco to $202.00 in a research note on Monday, March 9th. Finally, Royal Bank Of Canada raised their price objective on shares of Cameco from $150.00 to $160.00 and gave the company an "outperform" rating in a research note on Tuesday, February 17th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $150.40.

Cameco Trading Down 1.3%

NYSE CCJ opened at $122.26 on Friday. The firm has a 50 day simple moving average of $114.65 and a 200-day simple moving average of $104.29. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.68 and a current ratio of 2.47. Cameco Corporation has a one year low of $43.21 and a one year high of $135.24. The firm has a market cap of $53.25 billion, a price-to-earnings ratio of 126.05 and a beta of 1.02.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings data on Friday, February 13th. The basic materials company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.29 by $0.07. The business had revenue of $874.57 million during the quarter, compared to analyst estimates of $782.13 million. Cameco had a net margin of 17.00% and a return on equity of 9.35%. The business's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.36 earnings per share. Equities research analysts anticipate that Cameco Corporation will post 1.48 EPS for the current fiscal year.

About Cameco

Cameco Corporation NYSE: CCJ is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company's operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.

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