Natixis Advisors LLC Cuts Stock Holdings in Cameco Corporation $CCJ

Natixis Advisors LLC trimmed its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 26.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,817 shares of the basic materials company’s stock after selling 20,893 shares during the quarter. Natixis Advisors LLC’s holdings in Cameco were worth $5,198,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Allianz Asset Management GmbH increased its holdings in shares of Cameco by 278.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 145,429 shares of the basic materials company’s stock valued at $12,208,000 after purchasing an additional 106,987 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Cameco by 4.6% during the 3rd quarter. Legal & General Group Plc now owns 2,483,216 shares of the basic materials company’s stock valued at $208,450,000 after purchasing an additional 108,841 shares in the last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new position in shares of Cameco during the 4th quarter valued at approximately $1,974,000. Caprock Group LLC purchased a new position in shares of Cameco during the 3rd quarter valued at approximately $1,066,000. Finally, Vanguard Group Inc. increased its holdings in shares of Cameco by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 18,059,335 shares of the basic materials company’s stock valued at $1,653,639,000 after purchasing an additional 258,193 shares in the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Price Performance

Cameco stock opened at $105.35 on Tuesday. The company’s fifty day moving average price is $113.71 and its 200 day moving average price is $108.81. Cameco Corporation has a 1 year low of $62.59 and a 1 year high of $135.24. The stock has a market capitalization of $45.88 billion, a P/E ratio of 97.54, a P/E/G ratio of 1.75 and a beta of 0.99. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.09 and a current ratio of 3.08.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The firm had revenue of $607.49 million for the quarter, compared to analysts’ expectations of $598.63 million. During the same quarter last year, the company earned $0.16 EPS. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Cameco Corporation will post 1.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CCJ has been the topic of a number of research analyst reports. Canadian Imperial Bank of Commerce lifted their price target on shares of Cameco to $202.00 in a research note on Monday, March 9th. Royal Bank Of Canada lifted their price target on shares of Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. William Blair initiated coverage on shares of Cameco in a research note on Monday, April 20th. They issued an “outperform” rating on the stock. Zacks Research cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Finally, Scotiabank reissued an “outperform” rating and issued a $175.00 price target on shares of Cameco in a research note on Wednesday, May 6th. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.62.

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.