Tocqueville Asset Management L.P. Has $35.99 Million Stock Holdings in Cameco Corporation $CCJ

Key Points

• Tocqueville Asset Management L.P. has decreased its stake in Cameco Corporation (NYSE:CCJ) by 10.7%, reducing its ownership to 874,411 shares valued at approximately $35.99 million.
• Cameco's stock recently reported earnings of $0.51 per share, exceeding analyst expectations, with a revenue increase of 46.7% year-over-year despite reporting lower than anticipated quarterly revenues.
• The company's stock has received positive ratings from several research firms, with twelve analysts rating it as a "buy" and a consensus target price of $82.65.

Tocqueville Asset Management L.P. cut its stake in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 10.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 874,411 shares of the basic materials company's stock after selling 104,835 shares during the period. Tocqueville Asset Management L.P. owned about 0.20% of Cameco worth $35,991,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Capital Wealth Advisors acquired a new stake in Cameco in the fourth quarter valued at $839,000. Kayne Anderson Capital Advisors LP increased its holdings in Cameco by 41.6% in the first quarter. Kayne Anderson Capital Advisors LP now owns 40,407 shares of the basic materials company's stock valued at $1,663,000 after purchasing an additional 11,879 shares during the period. Nicholson Meyer Capital Management Inc. acquired a new stake in Cameco in the first quarter valued at $350,000. Balefire LLC increased its holdings in Cameco by 42.9% in the first quarter. Balefire LLC now owns 33,601 shares of the basic materials company's stock valued at $1,383,000 after purchasing an additional 10,081 shares during the period. Finally, Galibier Capital Management Ltd. acquired a new stake in Cameco in the first quarter valued at $11,655,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Trading Down 0.1%

Cameco stock traded down $0.04 during trading hours on Friday, reaching $75.51. 2,661,785 shares of the company's stock were exchanged, compared to its average volume of 4,244,133. The firm has a market capitalization of $32.88 billion, a PE ratio of 86.79 and a beta of 1.06. The firm's 50 day simple moving average is $73.74 and its 200 day simple moving average is $56.09. The company has a quick ratio of 2.00, a current ratio of 2.96 and a debt-to-equity ratio of 0.15. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $80.32.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its earnings results on Thursday, July 31st. The basic materials company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.29 by $0.22. The company had revenue of $467.72 million during the quarter, compared to the consensus estimate of $819.79 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%. The firm's revenue for the quarter was up 46.7% compared to the same quarter last year. During the same period last year, the business posted $0.14 EPS. Research analysts predict that Cameco Corporation will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

CCJ has been the subject of a number of recent research reports. Scotiabank restated an "outperform" rating on shares of Cameco in a report on Tuesday, July 8th. Glj Research restated a "buy" rating and issued a $75.27 price objective on shares of Cameco in a report on Thursday, June 12th. Raymond James Financial restated an "outperform" rating on shares of Cameco in a report on Wednesday, June 18th. BMO Capital Markets reiterated an "outperform" rating on shares of Cameco in a report on Tuesday, August 5th. Finally, The Goldman Sachs Group increased their price target on Cameco from $65.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. Twelve research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $82.65.

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.