Cameco Corporation $CCJ Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lowered its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 85.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 34,163 shares of the basic materials company’s stock after selling 207,681 shares during the quarter. Hsbc Holdings PLC’s holdings in Cameco were worth $3,139,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CCJ. Legal & General Group Plc boosted its position in Cameco by 4.6% during the 3rd quarter. Legal & General Group Plc now owns 2,483,216 shares of the basic materials company’s stock worth $208,450,000 after purchasing an additional 108,841 shares during the period. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new position in Cameco in the fourth quarter valued at about $1,974,000. Vanguard Group Inc. lifted its stake in shares of Cameco by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 18,059,335 shares of the basic materials company’s stock worth $1,653,639,000 after purchasing an additional 258,193 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Cameco by 0.7% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,973,799 shares of the basic materials company’s stock worth $1,089,080,000 after purchasing an additional 85,762 shares in the last quarter. Finally, Spark Investment Management LLC purchased a new stake in shares of Cameco in the third quarter worth about $839,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

CCJ has been the topic of several analyst reports. TD Securities downgraded Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. William Blair initiated coverage on Cameco in a report on Monday, April 20th. They issued an “outperform” rating for the company. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $135.00 price objective on shares of Cameco in a research report on Monday, June 15th. Weiss Ratings lowered shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Finally, Canadian Imperial Bank of Commerce boosted their target price on shares of Cameco to $202.00 in a research report on Monday, March 9th. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.42.

Cameco Price Performance

Shares of NYSE CCJ opened at $104.54 on Monday. Cameco Corporation has a fifty-two week low of $68.96 and a fifty-two week high of $135.24. The business has a 50 day moving average price of $111.50 and a two-hundred day moving average price of $110.46. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14. The firm has a market cap of $45.53 billion, a PE ratio of 96.80, a price-to-earnings-growth ratio of 1.91 and a beta of 0.99.

Cameco (NYSE:CCJ) (TSE:CCO) last posted 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. The company had revenue of $607.49 million for the quarter, compared to the consensus estimate of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.Cameco’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.16 EPS. Sell-side analysts expect that Cameco Corporation will post 1.21 earnings per share 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.