Towarzystwo Funduszy Inwestycyjnych PZU SA lessened its position in shares of Cameco Corporation (NYSE:CCJ – Free Report) (TSE:CCO) by 27.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 50,732 shares of the basic materials company’s stock after selling 19,257 shares during the quarter. Cameco makes up approximately 1.2% of Towarzystwo Funduszy Inwestycyjnych PZU SA’s investment portfolio, making the stock its 14th largest holding. Towarzystwo Funduszy Inwestycyjnych PZU SA’s holdings in Cameco were worth $4,654,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC increased its position in Cameco by 9.3% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 35,974 shares of the basic materials company’s stock valued at $3,291,000 after purchasing an additional 3,058 shares during the period. Panagora Asset Management Inc. acquired a new stake in Cameco during the 4th quarter valued at approximately $1,471,000. MML Investors Services LLC increased its position in Cameco by 8.5% during the 4th quarter. MML Investors Services LLC now owns 45,713 shares of the basic materials company’s stock valued at $4,182,000 after purchasing an additional 3,598 shares during the period. Mariner LLC increased its position in Cameco by 7.7% during the 4th quarter. Mariner LLC now owns 56,666 shares of the basic materials company’s stock valued at $5,184,000 after purchasing an additional 4,060 shares during the period. Finally, Mountaineer Partners Management LLC acquired a new stake in Cameco during the 4th quarter valued at approximately $3,881,000. Institutional investors and hedge funds own 70.21% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have weighed in on CCJ shares. TD Securities downgraded shares of Cameco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Glj Research reaffirmed a “buy” rating and set a $171.20 price objective (up from $100.00) on shares of Cameco in a research report on Wednesday, February 18th. William Blair began coverage on shares of Cameco in a research note on Monday, April 20th. They set an “outperform” rating on the stock. Weiss Ratings lowered shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Finally, Scotiabank restated an “outperform” rating and issued a $175.00 price target on shares of Cameco in a report on Wednesday, May 6th. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Cameco presently has a consensus rating of “Moderate Buy” and an average price target of $148.62.
Cameco Trading Down 0.0%
NYSE:CCJ opened at $100.94 on Monday. The company has a current ratio of 3.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $43.96 billion, a price-to-earnings ratio of 93.47, a PEG ratio of 1.71 and a beta of 0.99. The firm has a fifty day simple moving average of $113.12 and a two-hundred day simple moving average of $109.27. Cameco Corporation has a 12 month low of $64.84 and a 12 month high of $135.24.
Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) last posted its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. The business had revenue of $607.49 million during the quarter, compared to analysts’ expectations of $598.63 million. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the company posted $0.16 earnings per share. Analysts expect that Cameco Corporation will post 1.31 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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