Cameco Corporation $CCJ Shares Sold by De Lisle Partners LLP

De Lisle Partners LLP trimmed its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 6.0% in the fourth quarter, HoldingsChannel reports. The firm owned 467,361 shares of the basic materials company’s stock after selling 30,000 shares during the period. Cameco makes up about 5.5% of De Lisle Partners LLP’s portfolio, making the stock its 2nd largest position. De Lisle Partners LLP’s holdings in Cameco were worth $42,761,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Legal & General Group Plc lifted its position in shares of Cameco by 4.6% during the third 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 bought a new stake in Cameco in the fourth quarter worth about $1,974,000. Intech Investment Management LLC raised its position in Cameco by 3.8% in the third quarter. Intech Investment Management LLC now owns 500,699 shares of the basic materials company’s stock worth $42,031,000 after acquiring an additional 18,261 shares during the period. Caprock Group LLC bought a new stake in shares of Cameco in the third quarter valued at approximately $1,066,000. Finally, Vanguard Group Inc. raised its position in shares of Cameco by 1.5% in the fourth 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 during the period. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Canadian Imperial Bank of Commerce boosted their price target on shares of Cameco to $202.00 in a research report on Monday, March 9th. TD Securities lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Barclays assumed coverage on shares of Cameco in a research report on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 price target on the stock. Weiss Ratings lowered shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Finally, Glj Research reissued a “buy” rating and issued a $171.20 price target (up from $100.00) on shares of Cameco in a research report on Wednesday, February 18th. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $148.62.

Cameco Stock Performance

Cameco stock opened at $100.94 on Friday. The firm’s 50 day simple moving average is $113.12 and its 200 day simple moving average is $109.09. 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 firm has a market capitalization of $43.96 billion, a PE ratio of 93.47, a price-to-earnings-growth ratio of 1.68 and a beta of 0.99. Cameco Corporation has a 1-year low of $64.84 and a 1-year high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. The business had revenue of $607.49 million for the quarter, compared to analyst estimates of $598.63 million. Cameco had a net margin of 18.38% and a return on equity of 11.05%. Cameco’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.16 EPS. As a group, analysts expect that Cameco Corporation will post 1.31 earnings per share 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.