Cameco Corporation $CCJ Shares Sold by Evelyn Partners Investment Management LLP

Evelyn Partners Investment Management LLP reduced its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 57.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,823 shares of the basic materials company’s stock after selling 6,550 shares during the period. Evelyn Partners Investment Management LLP’s holdings in Cameco were worth $442,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Cameco in the 4th quarter valued at about $443,265,000. TD Asset Management Inc boosted its stake in Cameco by 116.7% in the third 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 in the last quarter. Marshall Wace LLP grew its holdings in shares of Cameco by 7,481.3% during the fourth quarter. Marshall Wace LLP now owns 1,752,571 shares of the basic materials company’s stock worth $160,343,000 after purchasing an additional 1,729,454 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Cameco by 43.3% during the third quarter. Van ECK Associates Corp now owns 5,443,807 shares of the basic materials company’s stock worth $456,530,000 after purchasing an additional 1,644,061 shares during the last quarter. Finally, Mizuho Markets Cayman LP acquired a new stake in shares of Cameco during the third quarter worth about $128,370,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on CCJ. Weiss Ratings downgraded Cameco from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Canadian Imperial Bank of Commerce lifted their price target on Cameco to $202.00 in a research report on Monday, March 9th. Glj Research reiterated a “buy” rating and issued a $171.20 price objective (up from $100.00) on shares of Cameco in a research note on Wednesday, February 18th. Scotiabank reissued an “outperform” rating and issued a $175.00 price objective on shares of Cameco in a report on Wednesday, May 6th. Finally, Barclays assumed coverage on shares of Cameco in a research report on Thursday, May 21st. They set an “equal weight” rating and a $108.00 target price on the stock. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $148.62.

Cameco Stock Down 0.0%

Shares of Cameco stock opened at $100.94 on Monday. The company has a market cap of $43.96 billion, a P/E ratio of 93.47, a PEG ratio of 1.71 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 Corporation has a one year low of $64.84 and a one year high of $135.24. The firm has a fifty day moving average of $113.12 and a two-hundred day moving average of $109.27.

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

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.