Cameco Corporation $CCJ Position Cut by Balefire LLC

Balefire LLC decreased its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 44.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,788 shares of the basic materials company’s stock after selling 12,555 shares during the quarter. Balefire LLC’s holdings in Cameco were worth $1,715,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC bought a new stake in Cameco in the 4th quarter valued at about $25,000. Founders Capital Management bought a new stake in shares of Cameco during the fourth quarter valued at approximately $27,000. Mcguire Capital Advisors Inc. bought a new stake in shares of Cameco during the fourth quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Cameco by 30,700.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock worth $28,000 after buying an additional 307 shares during the period. Finally, Sterling Capital Management LLC bought a new position in Cameco in the 1st quarter worth approximately $30,000. Institutional investors own 70.21% of the company’s stock.

Cameco Price Performance

CCJ opened at $85.61 on Monday. The firm has a market capitalization of $37.28 billion, a P/E ratio of 79.27, a PEG ratio of 1.40 and a beta of 1.02. The stock has a fifty day moving average of $103.83 and a 200-day moving average of $110.80. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14. Cameco Corporation has a 12-month low of $68.96 and a 12-month high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 EPS 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 firm had revenue of $607.49 million for the quarter, compared to the consensus estimate of $598.63 million. During the same period in the previous year, the firm posted $0.16 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. Equities analysts forecast that Cameco Corporation will post 1.29 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on CCJ shares. Truist Financial initiated coverage on Cameco in a report on Monday, July 13th. They set a “buy” rating and a $129.00 price target on the stock. Bank of America reduced their price objective on shares of Cameco from $143.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, July 9th. William Blair started coverage on shares of Cameco in a research report on Monday, April 20th. They issued an “outperform” rating for the company. Barclays decreased their target price on shares of Cameco from $108.00 to $104.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, Weiss Ratings downgraded shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Cameco has a consensus rating of “Moderate Buy” and a consensus price target of $146.18.

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.