Principal Financial Group Inc. Sells 192,961 Shares of Cameco Corporation $CCJ

Principal Financial Group Inc. cut its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 29.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 458,092 shares of the basic materials company’s stock after selling 192,961 shares during the quarter. Principal Financial Group Inc. owned approximately 0.11% of Cameco worth $38,419,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CCJ. Financial Consulate Inc. purchased a new position in shares of Cameco during the third quarter valued at approximately $25,000. Armstrong Advisory Group Inc. boosted its holdings in shares of Cameco by 110.3% in the third quarter. Armstrong Advisory Group Inc. now owns 347 shares of the basic materials company’s stock worth $29,000 after buying an additional 182 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in Cameco during the third quarter valued at $37,000. VSM Wealth Advisory LLC purchased a new stake in Cameco in the 2nd quarter worth about $35,000. Finally, Creative Financial Designs Inc. ADV raised its stake in Cameco by 936.2% in the second quarter. Creative Financial Designs Inc. ADV now owns 487 shares of the basic materials company’s stock valued at $36,000 after buying an additional 440 shares during the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Trading Down 5.0%

NYSE:CCJ opened at $109.12 on Friday. The stock has a market cap of $47.52 billion, a price-to-earnings ratio of 126.88 and a beta of 0.99. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.85 and a current ratio of 2.99. Cameco Corporation has a 1 year low of $35.00 and a 1 year high of $135.24. The business has a fifty day moving average of $103.20 and a 200-day moving average of $90.27.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Wednesday, November 5th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.17). Cameco had a net margin of 15.24% and a return on equity of 8.58%. The company had revenue of $313.74 million during the quarter, compared to the consensus estimate of $531.72 million. During the same quarter in the prior year, the company earned ($0.01) EPS. The business’s quarterly revenue was down 14.7% on a year-over-year basis. Equities analysts predict that Cameco Corporation will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CCJ shares. National Bankshares reiterated an “outperform” rating on shares of Cameco in a report on Thursday, November 6th. Wall Street Zen lowered Cameco from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Raymond James Financial reiterated an “outperform” rating on shares of Cameco in a research note on Wednesday, January 14th. UBS Group initiated coverage on shares of Cameco in a research report on Monday, November 10th. They set a “neutral” rating and a $140.00 price objective for the company. Finally, Royal Bank Of Canada decreased their target price on Cameco from $160.00 to $150.00 and set an “outperform” rating for the company in a research note on Thursday, November 13th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $131.39.

Cameco Company Profile

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.