Cameco Corporation $CCJ Shares Sold by Cumberland Partners Ltd

Cumberland Partners Ltd lessened its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 14.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 157,246 shares of the basic materials company’s stock after selling 26,226 shares during the quarter. Cameco comprises about 0.9% of Cumberland Partners Ltd’s portfolio, making the stock its 29th largest holding. Cumberland Partners Ltd’s holdings in Cameco were worth $14,411,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC acquired a new position in Cameco during the fourth quarter worth $25,000. Founders Capital Management purchased a new position in Cameco in the 4th quarter valued at approximately $27,000. Strategic Advocates LLC purchased a new position in Cameco in the 3rd quarter valued at approximately $28,000. Sunbelt Securities Inc. increased its position in Cameco by 928.6% during the third quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock worth $30,000 after buying an additional 325 shares in the last quarter. Finally, Delos Wealth Advisors LLC increased its position in Cameco by 60.0% during the third quarter. Delos Wealth Advisors LLC now owns 400 shares of the basic materials company’s stock worth $34,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Down 0.6%

Shares of NYSE CCJ opened at $104.71 on Friday. Cameco Corporation has a 1 year low of $55.11 and a 1 year high of $135.24. The firm has a market cap of $45.61 billion, a price-to-earnings ratio of 96.96, a PEG ratio of 1.78 and a beta of 1.04. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.09 and a current ratio of 3.08. The stock’s 50-day simple moving average is $113.20 and its 200-day simple moving average is $107.18.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its 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. The business had revenue of $607.49 million for the quarter, compared to analyst estimates of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The company’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 company earned $0.16 earnings per share. As a group, equities analysts anticipate that Cameco Corporation will post 1.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on CCJ shares. TD Securities downgraded Cameco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Scotiabank reiterated an “outperform” rating and issued a $175.00 target price on shares of Cameco in a report on Wednesday, May 6th. Sanford C. Bernstein reissued an “outperform” rating and issued a $147.00 price objective on shares of Cameco in a research report on Thursday, February 5th. Royal Bank Of Canada raised their price objective on Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. Finally, William Blair initiated coverage on Cameco in a research report on Monday, April 20th. They set an “outperform” rating on the stock. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $148.62.

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.