Amova Asset Management Americas Inc. Has $38.41 Million Position in Cameco Corporation $CCJ

Amova Asset Management Americas Inc. reduced its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 12.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 458,057 shares of the basic materials company’s stock after selling 66,833 shares during the period. Amova Asset Management Americas Inc.’s holdings in Cameco were worth $38,413,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of CCJ. Vanguard Group Inc. lifted its position in Cameco by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 17,801,142 shares of the basic materials company’s stock worth $1,493,978,000 after buying an additional 235,613 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Cameco by 41.4% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,076,815 shares of the basic materials company’s stock worth $524,988,000 after buying an additional 2,071,373 shares during the last quarter. TD Asset Management Inc lifted its position in Cameco by 116.7% during the third quarter. TD Asset Management Inc now owns 4,622,932 shares of the basic materials company’s stock worth $388,068,000 after acquiring an additional 2,489,207 shares during the last quarter. Norges Bank bought a new stake in shares of Cameco in the second quarter valued at about $341,736,000. Finally, Geode Capital Management LLC increased its position in Cameco by 20.7% during the second quarter. Geode Capital Management LLC now owns 3,372,878 shares of the basic materials company’s stock worth $250,797,000 after acquiring an additional 578,393 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CCJ. Raymond James Financial restated an “outperform” rating on shares of Cameco in a research report on Wednesday, January 14th. Zacks Research downgraded Cameco from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Weiss Ratings upgraded Cameco from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. The Goldman Sachs Group reiterated a “buy” rating and set a $131.00 price objective on shares of Cameco in a research note on Wednesday, February 4th. Finally, Glj Research reissued a “buy” rating and issued a $171.20 target price (up from $100.00) on shares of Cameco in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Cameco has an average rating of “Moderate Buy” and a consensus target price of $143.03.

Cameco Stock Performance

NYSE:CCJ opened at $120.10 on Thursday. The stock’s 50-day moving average is $113.61 and its 200-day moving average is $95.82. The stock has a market cap of $52.31 billion, a P/E ratio of 123.81 and a beta of 0.98. Cameco Corporation has a 1-year low of $35.00 and a 1-year high of $135.24. The company has a current ratio of 2.47, a quick ratio of 1.68 and a debt-to-equity ratio of 0.14.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Friday, February 13th. The basic materials company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07. The firm had revenue of $874.57 million for the quarter, compared to analyst estimates of $782.13 million. Cameco had a net margin of 17.00% and a return on equity of 9.35%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 EPS. Equities research analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current 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.