USS Investment Management Ltd Has $8.52 Million Stock Holdings in Cameco Corporation $CCJ

USS Investment Management Ltd cut its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 8.1% during the 4th quarter, Holdings Channel reports. The firm owned 92,989 shares of the basic materials company’s stock after selling 8,153 shares during the quarter. USS Investment Management Ltd’s holdings in Cameco were worth $8,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank acquired a new position in Cameco in the 4th quarter valued at about $443,265,000. TD Asset Management Inc grew its stake in Cameco by 116.7% in the 3rd quarter. TD Asset Management Inc now owns 4,622,932 shares of the basic materials company’s stock valued at $388,068,000 after buying an additional 2,489,207 shares during the last quarter. Marshall Wace LLP grew its stake in Cameco by 7,481.3% in the 4th quarter. Marshall Wace LLP now owns 1,752,571 shares of the basic materials company’s stock valued at $160,343,000 after buying an additional 1,729,454 shares during the last quarter. Van ECK Associates Corp grew its stake in Cameco by 43.3% in the 3rd quarter. Van ECK Associates Corp now owns 5,443,807 shares of the basic materials company’s stock valued at $456,530,000 after buying an additional 1,644,061 shares during the last quarter. Finally, Mizuho Markets Cayman LP acquired a new position in Cameco in the 3rd quarter valued at about $128,370,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CCJ shares. Scotiabank reiterated an “outperform” rating and issued a $175.00 price target on shares of Cameco in a research note on Wednesday, May 6th. William Blair started coverage on shares of Cameco in a research note on Monday, April 20th. They issued an “outperform” rating on the stock. Barclays started coverage on shares of Cameco in a research note on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 price target on the stock. Canadian Imperial Bank of Commerce upped their price target on shares of Cameco to $202.00 in a research note on Monday, March 9th. Finally, TD Securities lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $147.42.

Cameco Stock Performance

NYSE CCJ opened at $106.97 on Tuesday. The firm has a market capitalization of $46.59 billion, a price-to-earnings ratio of 99.04, a P/E/G ratio of 1.71 and a beta of 0.99. The company has a current ratio of 3.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14. The firm’s 50 day simple moving average is $113.01 and its 200 day simple moving average is $109.41. Cameco Corporation has a 1 year low of $67.60 and a 1 year high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.29 by $0.05. The business had revenue of $607.49 million during the quarter, compared to the consensus estimate of $598.63 million. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.16 EPS. As a group, research analysts expect that Cameco Corporation will post 1.31 earnings per share for the current fiscal year.

Cameco Company 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.