Amova Asset Management Americas Inc. Has $34.74 Million Stock Position in Cameco Corporation $CCJ

Amova Asset Management Americas Inc. lessened its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 17.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 379,751 shares of the basic materials company’s stock after selling 78,306 shares during the quarter. Amova Asset Management Americas Inc.’s holdings in Cameco were worth $34,743,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Deutsche Bank AG lifted its position in Cameco by 16.6% in the 4th quarter. Deutsche Bank AG now owns 957,260 shares of the basic materials company’s stock valued at $87,580,000 after acquiring an additional 136,356 shares in the last quarter. Caldwell Investment Management Ltd. increased its holdings in Cameco by 30.2% during the 4th quarter. Caldwell Investment Management Ltd. now owns 41,000 shares of the basic materials company’s stock worth $3,744,000 after purchasing an additional 9,500 shares in the last quarter. Fox Run Management L.L.C. bought a new position in Cameco during the 4th quarter worth about $359,000. Cerity Partners LLC raised its stake in shares of Cameco by 16.0% in the 4th quarter. Cerity Partners LLC now owns 23,507 shares of the basic materials company’s stock valued at $2,151,000 after purchasing an additional 3,250 shares during the period. Finally, Orion Investment Co lifted its holdings in shares of Cameco by 3.3% in the fourth quarter. Orion Investment Co now owns 52,238 shares of the basic materials company’s stock valued at $4,779,000 after purchasing an additional 1,658 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors.

Cameco Price Performance

Shares of CCJ opened at $102.10 on Wednesday. The company has a market cap of $44.47 billion, a price-to-earnings ratio of 94.54, a PEG ratio of 1.79 and a beta of 0.99. Cameco Corporation has a 1-year low of $62.59 and a 1-year high of $135.24. The company’s fifty day simple moving average is $113.68 and its 200 day simple moving average is $108.92. 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 (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, topping analysts’ consensus estimates 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 net margin of 18.38% and a return on equity of 11.05%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.16 earnings per share. On average, research analysts forecast that Cameco Corporation will post 1.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CCJ. Royal Bank Of Canada upped their price target on Cameco from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. Weiss Ratings downgraded shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. TD Securities cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a 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 target price for the company. Finally, Canadian Imperial Bank of Commerce lifted their price target on shares of Cameco to $202.00 in a research note on Monday, March 9th. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $148.62.

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.