Cameco Co. (NYSE:CCJ) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank cut its holdings in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 16.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 683,959 shares of the basic materials company's stock after selling 133,069 shares during the quarter. Toronto Dominion Bank owned approximately 0.16% of Cameco worth $35,123,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Cameco in the 4th quarter worth approximately $188,595,000. FMR LLC increased its holdings in Cameco by 8.7% during the fourth quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock valued at $1,163,942,000 after buying an additional 1,811,876 shares during the period. Driehaus Capital Management LLC raised its stake in Cameco by 120.2% in the fourth quarter. Driehaus Capital Management LLC now owns 2,245,539 shares of the basic materials company's stock worth $115,398,000 after buying an additional 1,225,966 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Cameco by 13.5% during the fourth quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company's stock worth $518,443,000 after buying an additional 1,196,336 shares during the period. Finally, AGF Management Ltd. boosted its position in 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 acquiring an additional 1,193,266 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CCJ. Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Desjardins initiated coverage on shares of Cameco in a research note on Friday, April 4th. They set a "buy" rating on the stock. Stifel Nicolaus assumed coverage on Cameco in a report on Wednesday, March 12th. They set a "buy" rating for the company. Scotiabank reaffirmed an "outperform" rating on shares of Cameco in a report on Wednesday, May 14th. Finally, The Goldman Sachs Group began coverage on shares of Cameco in a report on Tuesday. They set a "buy" rating and a $65.00 target price for the company. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, Cameco presently has an average rating of "Buy" and an average target price of $70.53.

Cameco Price Performance

Shares of CCJ traded up $0.62 during trading hours on Thursday, hitting $52.79. 3,066,534 shares of the stock were exchanged, compared to its average volume of 4,100,376. The stock's 50-day moving average price is $44.31 and its two-hundred day moving average price is $48.86. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The company has a market cap of $22.98 billion, a price-to-earnings ratio of 188.54 and a beta of 0.89. Cameco Co. has a 12-month low of $35.00 and a 12-month high of $62.55.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted 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 company had revenue of $549.58 million during the quarter, compared to analysts' expectations of $890.07 million. Cameco had a net margin of 5.39% and a return on equity of 4.34%. Cameco's revenue for the quarter was up 24.4% on a year-over-year basis. During the same quarter last year, the company earned $0.13 earnings per share. Research analysts expect that Cameco Co. will post 1.27 earnings per share for the current year.

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.