Lombard Odier Asset Management USA Corp Sells 17,215 Shares of Cameco Corporation $CCJ

Lombard Odier Asset Management USA Corp reduced its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 67.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,285 shares of the basic materials company’s stock after selling 17,215 shares during the quarter. Lombard Odier Asset Management USA Corp’s holdings in Cameco were worth $758,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CCJ. Nisa Investment Advisors LLC purchased a new stake in shares of Cameco during the 4th quarter valued at $25,000. Founders Capital Management purchased a new stake in shares of Cameco during the 4th quarter valued at $27,000. Strategic Advocates LLC purchased a new stake in shares of Cameco during the 3rd quarter valued at $28,000. Caitong International Asset Management Co. Ltd increased its position in shares of Cameco by 30,700.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 307 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its position in shares of Cameco by 928.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 325 shares during the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CCJ shares. Weiss Ratings lowered shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Sanford C. Bernstein restated an “outperform” rating and set a $135.00 price target on shares of Cameco in a research note on Monday. Scotiabank restated an “outperform” rating and set a $175.00 price target on shares of Cameco in a research note on Wednesday, May 6th. Barclays started coverage on shares of Cameco in a research note on Thursday, May 21st. They set an “equal weight” rating and a $108.00 price target for the company. Finally, Glj Research restated a “buy” rating and set a $171.20 price target (up from $100.00) on shares of Cameco in a research note on Wednesday, February 18th. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Cameco has an average rating of “Moderate Buy” and a consensus price target of $147.42.

Cameco Stock Up 0.8%

Cameco stock opened at $107.86 on Wednesday. Cameco Corporation has a 1-year low of $67.60 and a 1-year high of $135.24. The firm has a market capitalization of $46.97 billion, a price-to-earnings ratio of 99.87, a P/E/G ratio of 1.81 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 has a 50 day simple moving average of $112.92 and a 200 day simple moving average of $109.54.

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 in the previous year, the business earned $0.16 EPS. Cameco’s revenue was up 7.1% compared to the same quarter last year. On average, analysts predict that Cameco Corporation will post 1.32 earnings per share 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.