Cameco Corporation $CCJ Shares Sold by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft trimmed its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 10.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,355 shares of the basic materials company’s stock after selling 4,342 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Cameco were worth $3,498,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in CCJ. TD Asset Management Inc increased its position in Cameco by 116.7% in the 3rd quarter. TD Asset Management Inc now owns 4,622,932 shares of the basic materials company’s stock valued at $388,068,000 after acquiring an additional 2,489,207 shares during the period. Van ECK Associates Corp boosted its stake in Cameco by 43.3% during the 3rd quarter. Van ECK Associates Corp now owns 5,443,807 shares of the basic materials company’s stock valued at $456,530,000 after purchasing an additional 1,644,061 shares in the last quarter. Mizuho Markets Cayman LP bought a new position in Cameco during the 3rd quarter valued at $128,370,000. Victory Capital Management Inc. boosted its stake in shares of Cameco by 75.8% during the 3rd quarter. Victory Capital Management Inc. now owns 2,489,424 shares of the basic materials company’s stock worth $208,490,000 after acquiring an additional 1,073,111 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Cameco by 32.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,291,202 shares of the basic materials company’s stock worth $360,063,000 after acquiring an additional 1,060,842 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CCJ shares. Canadian Imperial Bank of Commerce raised their target price on Cameco to $202.00 in a research report on Monday, March 9th. William Blair started coverage on Cameco in a report on Monday, April 20th. They set an “outperform” rating for the company. Sanford C. Bernstein restated an “outperform” rating and set a $147.00 target price on shares of Cameco in a report on Thursday, February 5th. Royal Bank Of Canada raised their target price on Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. Finally, TD Securities lowered Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Eleven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Cameco currently has an average rating of “Moderate Buy” and a consensus target price of $153.13.

Cameco Trading Down 1.2%

Shares of CCJ opened at $115.56 on Thursday. The stock has a market cap of $50.33 billion, a PE ratio of 107.00, a PEG ratio of 1.97 and a beta of 1.04. The company has a current ratio of 3.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14. Cameco Corporation has a 1 year low of $50.03 and a 1 year high of $135.24. The stock has a 50 day simple moving average of $114.62 and a 200-day simple moving average of $106.90.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. The business had revenue of $607.49 million for the quarter, compared to the consensus estimate of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.Cameco’s revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.16 EPS. On average, sell-side analysts predict that Cameco Corporation will post 1.32 EPS for the current fiscal year.

Cameco 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.