SG Americas Securities LLC Reduces Stock Holdings in Cameco Corporation $CCJ

SG Americas Securities LLC cut its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 5.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 217,275 shares of the basic materials company’s stock after selling 12,984 shares during the period. SG Americas Securities LLC’s holdings in Cameco were worth $23,598,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in Cameco during the fourth quarter worth about $443,265,000. TD Asset Management Inc increased its stake in shares of Cameco by 116.7% during the 3rd quarter. TD Asset Management Inc now owns 4,622,932 shares of the basic materials company’s stock worth $388,068,000 after purchasing an additional 2,489,207 shares in the last quarter. Marshall Wace LLP increased its stake in shares of Cameco by 7,481.3% during the 4th 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 in the last quarter. Van ECK Associates Corp raised its position in shares of Cameco by 43.3% during the 3rd 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 purchased a new stake in Cameco in the 3rd quarter valued at approximately $128,370,000. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Stock Down 2.2%

Shares of NYSE CCJ opened at $106.47 on Thursday. The firm has a market cap of $46.37 billion, a P/E ratio of 98.59, a price-to-earnings-growth ratio of 1.99 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 1 year low of $68.96 and a 1 year high of $135.24. The firm’s 50 day moving average price is $112.05 and its 200 day moving average price is $110.27.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly 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 return on equity of 11.05% and a net margin of 18.38%.The company had revenue of $607.49 million during the quarter, compared to the consensus estimate of $598.63 million. During the same period in the previous year, the firm posted $0.16 EPS. Cameco’s revenue was up 7.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Cameco Corporation will post 1.21 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on CCJ shares. Weiss Ratings cut Cameco from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Canadian Imperial Bank of Commerce boosted their price target on Cameco to $202.00 in a report on Monday, March 9th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $135.00 price objective on shares of Cameco in a research note on Monday, June 15th. William Blair assumed coverage on Cameco in a research note on Monday, April 20th. They set an “outperform” rating on the stock. Finally, TD Securities cut Cameco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $147.42.

About Cameco

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.