Continuum Advisory LLC Sells 17,787 Shares of Cameco Corporation $CCJ

Continuum Advisory LLC decreased its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 44.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,275 shares of the basic materials company’s stock after selling 17,787 shares during the quarter. Continuum Advisory LLC’s holdings in Cameco were worth $2,419,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Cameco by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 18,059,335 shares of the basic materials company’s stock valued at $1,653,639,000 after buying an additional 258,193 shares in the last quarter. Capital World Investors boosted its position in Cameco by 0.3% during the fourth quarter. Capital World Investors now owns 13,545,354 shares of the basic materials company’s stock valued at $1,240,047,000 after purchasing an additional 41,430 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Cameco by 0.7% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,973,799 shares of the basic materials company’s stock valued at $1,089,080,000 after buying an additional 85,762 shares during the last quarter. Van ECK Associates Corp lifted its stake in Cameco by 15.6% in the fourth quarter. Van ECK Associates Corp now owns 6,292,995 shares of the basic materials company’s stock valued at $575,771,000 after acquiring an additional 849,188 shares during the last quarter. Finally, Morgan Stanley grew its holdings in Cameco by 7.0% during the fourth quarter. Morgan Stanley now owns 4,978,333 shares of the basic materials company’s stock worth $455,468,000 after purchasing an additional 323,693 shares during the period. 70.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on CCJ. 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 price objective for the company. Canadian Imperial Bank of Commerce increased their price target on Cameco to $202.00 in a research report on Monday, March 9th. Sanford C. Bernstein reiterated an “outperform” rating and set a $135.00 price objective on shares of Cameco in a research note on Monday, June 15th. Scotiabank reiterated an “outperform” rating and issued a $175.00 price target on shares of Cameco in a research note on Wednesday, May 6th. Finally, William Blair began coverage on shares of Cameco in a report on Monday, April 20th. They set an “outperform” rating on the stock. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cameco currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.42.

Cameco Trading Up 0.1%

Shares of CCJ stock opened at $104.54 on Monday. 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 Corporation has a 1-year low of $68.96 and a 1-year high of $135.24. The stock has a 50-day moving average of $111.50 and a 200-day moving average of $110.46. The stock has a market cap of $45.53 billion, a price-to-earnings ratio of 96.80, a PEG ratio of 1.91 and a beta of 0.99.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The firm 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 company earned $0.16 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, equities research analysts forecast that Cameco Corporation will post 1.21 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.