Desjardins Global Asset Management Inc. Has $4.31 Million Position in Cameco Co. (NYSE:CCJ)

Desjardins Global Asset Management Inc. lowered its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 30.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 100,075 shares of the basic materials company’s stock after selling 43,978 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Cameco were worth $4,313,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CCJ. Capital World Investors lifted its stake in shares of Cameco by 402.0% in the 1st quarter. Capital World Investors now owns 10,131,797 shares of the basic materials company’s stock valued at $295,084,000 after purchasing an additional 8,113,385 shares during the last quarter. FMR LLC lifted its stake in shares of Cameco by 21.6% in the 3rd quarter. FMR LLC now owns 27,418,564 shares of the basic materials company’s stock valued at $1,087,629,000 after purchasing an additional 4,865,085 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Cameco by 37.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,068,688 shares of the basic materials company’s stock valued at $497,555,000 after purchasing an additional 4,644,453 shares during the last quarter. Norges Bank acquired a new stake in shares of Cameco in the 4th quarter valued at $72,843,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Cameco by 74.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,730,858 shares of the basic materials company’s stock valued at $227,365,000 after purchasing an additional 2,442,190 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Performance

Shares of NYSE:CCJ traded up $0.20 on Tuesday, hitting $48.52. 3,988,297 shares of the company were exchanged, compared to its average volume of 5,271,053. The company’s 50 day moving average price is $43.64 and its two-hundred day moving average price is $43.33. Cameco Co. has a one year low of $25.11 and a one year high of $52.64. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 1.55. The firm has a market capitalization of $21.07 billion, a price-to-earnings ratio of 79.12 and a beta of 0.92.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CCJ shares. StockNews.com lowered shares of Cameco from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. Cantor Fitzgerald lowered shares of Cameco from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 19th. Finally, The Goldman Sachs Group started coverage on shares of Cameco in a research report on Monday, April 1st. They set a “buy” rating and a $55.00 target price for the company. One analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.75.

Cameco 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.