D.A. Davidson & CO. Sells 9,700 Shares of Cameco Corporation $CCJ

D.A. Davidson & CO. reduced its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 11.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,880 shares of the basic materials company’s stock after selling 9,700 shares during the period. D.A. Davidson & CO.’s holdings in Cameco were worth $8,241,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Sterling Capital Management LLC acquired a new stake in Cameco during the 1st quarter valued at approximately $30,000. Nisa Investment Advisors LLC bought a new stake in Cameco during the fourth quarter valued at $25,000. Brown Lisle Cummings Inc. lifted its stake in shares of Cameco by 3,200.0% in the 1st quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 288 shares during the period. Founders Capital Management acquired a new position in shares of Cameco in the 4th quarter valued at about $27,000. Finally, Mcguire Capital Advisors Inc. bought a new stake in shares of Cameco during the 4th quarter valued at about $28,000. 70.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on CCJ shares. Sanford C. Bernstein reissued an “outperform” rating and issued a $135.00 price objective on shares of Cameco in a research note on Monday, June 15th. Bank of America decreased their price target on shares of Cameco from $143.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Weiss Ratings lowered shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Royal Bank Of Canada increased their price objective on Cameco from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Finally, TD Securities cut Cameco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $146.18.

Cameco Stock Performance

NYSE:CCJ opened at $85.61 on Friday. Cameco Corporation has a twelve month low of $68.96 and a twelve month high of $135.24. The firm’s fifty day simple moving average is $103.83 and its 200 day simple moving average is $110.67. 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 stock has a market cap of $37.28 billion, a P/E ratio of 79.27, a price-to-earnings-growth ratio of 1.43 and a beta of 1.02.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share for the quarter, beating 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 business had revenue of $607.49 million during the quarter, compared to analyst estimates of $598.63 million. During the same period last year, the business earned $0.16 EPS. Cameco’s revenue was up 7.1% compared to the same quarter last year. As a group, research analysts predict that Cameco Corporation will post 1.29 EPS for the current year.

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.