Cameco Co. (NYSE:CCJ) Shares Sold by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. reduced its stake in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 9.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 924,363 shares of the basic materials company's stock after selling 93,492 shares during the quarter. Cameco makes up approximately 3.3% of Triasima Portfolio Management inc.'s investment portfolio, making the stock its 6th biggest position. Triasima Portfolio Management inc. owned approximately 0.21% of Cameco worth $39,928,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Allworth Financial LP raised its holdings in Cameco by 1,049.2% in the 3rd quarter. Allworth Financial LP now owns 747 shares of the basic materials company's stock worth $30,000 after purchasing an additional 682 shares during the period. Janiczek Wealth Management LLC raised its holdings in Cameco by 210.4% during the third quarter. Janiczek Wealth Management LLC now owns 773 shares of the basic materials company's stock valued at $31,000 after acquiring an additional 524 shares during the period. Tyler Stone Wealth Management bought a new stake in Cameco during the second quarter valued at about $32,000. Versant Capital Management Inc bought a new stake in Cameco during the fourth quarter valued at about $34,000. Finally, Sandy Spring Bank bought a new stake in Cameco during the fourth quarter valued at about $43,000. 70.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Cantor Fitzgerald cut Cameco from a "buy" rating to a "neutral" rating in a report on Tuesday, December 19th. StockNews.com cut Cameco from a "hold" rating to a "sell" rating in a report on Thursday, April 4th. Finally, The Goldman Sachs Group assumed coverage on Cameco in a report on Monday, April 1st. They set a "buy" rating and a $55.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $62.75.

Cameco Price Performance

Shares of Cameco stock traded down $0.88 during trading on Friday, reaching $49.59. 8,956,420 shares of the stock traded hands, compared to its average volume of 4,096,088. The company has a market capitalization of $21.53 billion, a price-to-earnings ratio of 82.62 and a beta of 0.92. The business has a fifty day simple moving average of $43.64 and a two-hundred day simple moving average of $43.24. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.55 and a quick ratio of 0.97. Cameco Co. has a 52-week low of $25.11 and a 52-week high of $52.64.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.06). The firm had revenue of $620.00 million for the quarter. Cameco had a net margin of 13.97% and a return on equity of 5.61%. Sell-side analysts expect that Cameco Co. will post 1.55 EPS for the current year.

About Cameco

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.