Cameco Corporation $CCJ Stock Position Lowered by NTV Asset Management LLC

NTV Asset Management LLC decreased its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 36.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 49,869 shares of the basic materials company’s stock after selling 28,608 shares during the period. NTV Asset Management LLC’s holdings in Cameco were worth $4,563,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CCJ. Financial Consulate Inc. purchased a new stake in shares of Cameco in the third quarter valued at $25,000. Nisa Investment Advisors LLC purchased a new position in shares of Cameco during the fourth quarter valued at $25,000. Founders Capital Management purchased a new position in shares of Cameco during the fourth quarter valued at $27,000. Strategic Advocates LLC acquired a new position in Cameco during the third quarter valued at $28,000. Finally, Armstrong Advisory Group Inc. raised its position in Cameco by 110.3% during the third quarter. Armstrong Advisory Group Inc. now owns 347 shares of the basic materials company’s stock valued at $29,000 after buying an additional 182 shares during the period. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Stock Performance

CCJ opened at $112.52 on Friday. The company has a quick ratio of 1.68, a current ratio of 2.47 and a debt-to-equity ratio of 0.14. The stock’s 50 day moving average price is $115.35 and its two-hundred day moving average price is $100.75. The firm has a market capitalization of $49.01 billion, a P/E ratio of 116.00 and a beta of 1.02. Cameco Corporation has a 12-month low of $35.00 and a 12-month high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Friday, February 13th. The basic materials company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. Cameco had a net margin of 17.00% and a return on equity of 9.35%. The business had revenue of $874.57 million during the quarter, compared to analyst estimates of $782.13 million. During the same quarter in the prior year, the business earned $0.36 earnings per share. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, equities analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $131.00 target price on shares of Cameco in a research note on Wednesday, February 4th. Sanford C. Bernstein restated an “outperform” rating and set a $147.00 price target on shares of Cameco in a report on Thursday, February 5th. Raymond James Financial reiterated an “outperform” rating on shares of Cameco in a research note on Wednesday, January 14th. Weiss Ratings upgraded shares of Cameco from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Finally, Canadian Imperial Bank of Commerce lifted their target price on shares of Cameco to $202.00 in a research note on Monday, March 9th. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $150.40.

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.