Hsbc Holdings PLC Sells 207,681 Shares of Cameco Corporation $CCJ

Hsbc Holdings PLC trimmed its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 85.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,163 shares of the basic materials company’s stock after selling 207,681 shares during the period. Hsbc Holdings PLC’s holdings in Cameco were worth $3,139,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC acquired a new position in Cameco in the fourth quarter worth $25,000. Founders Capital Management bought a new stake in shares of Cameco during the fourth quarter worth $27,000. Strategic Advocates LLC acquired a new stake in shares of Cameco in the third quarter valued at $28,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Cameco in the fourth quarter valued at $28,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Cameco by 30,700.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock valued at $28,000 after buying an additional 307 shares during the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CCJ shares. Bank of America reduced their price target on shares of Cameco from $143.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday. Barclays started coverage on shares of Cameco in a research report on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 price objective for the company. William Blair began coverage on shares of Cameco in a research report on Monday, April 20th. They set an “outperform” rating on the stock. Sanford C. Bernstein reiterated an “outperform” rating and set a $135.00 target price on shares of Cameco in a research report on Monday, June 15th. Finally, TD Securities cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Cameco has an average rating of “Moderate Buy” and an average target price of $148.11.

Cameco Stock Performance

Shares of CCJ opened at $96.06 on Friday. 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 twelve month low of $68.96 and a twelve month high of $135.24. The firm’s 50 day moving average price is $106.85 and its two-hundred day moving average price is $110.81. The firm has a market cap of $41.84 billion, a P/E ratio of 88.94, a PEG ratio of 1.67 and a beta of 1.02.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping 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 company had revenue of $607.49 million during the quarter, compared to the consensus estimate of $598.63 million. During the same quarter in the prior year, the firm earned $0.16 earnings per share. The firm’s revenue was up 7.1% compared to the same quarter last year. On average, analysts forecast that Cameco Corporation will post 1.21 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.