Madison Asset Management LLC Sells 10,811 Shares of Cameco Corporation $CCJ

Madison Asset Management LLC trimmed its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 15.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,630 shares of the basic materials company’s stock after selling 10,811 shares during the period. Madison Asset Management LLC’s holdings in Cameco were worth $4,917,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Consulate Inc. acquired a new position in shares of Cameco in the 3rd quarter worth approximately $25,000. Armstrong Advisory Group Inc. raised its stake in Cameco by 110.3% during the third quarter. Armstrong Advisory Group Inc. now owns 347 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 182 shares in the last quarter. Cullen Frost Bankers Inc. bought a new position in shares of Cameco during the third quarter valued at $37,000. VSM Wealth Advisory LLC acquired a new stake in shares of Cameco in the 2nd quarter valued at $35,000. Finally, Creative Financial Designs Inc. ADV boosted its stake in shares of Cameco by 936.2% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 487 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 440 shares in the last quarter. Institutional investors own 70.21% of the company’s stock.

Cameco Stock Performance

NYSE CCJ opened at $119.15 on Thursday. Cameco Corporation has a 52-week low of $35.00 and a 52-week high of $135.24. The stock has a market cap of $51.89 billion, a PE ratio of 138.55 and a beta of 0.99. The firm has a 50-day moving average of $105.55 and a 200-day moving average of $91.44. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.85 and a current ratio of 2.99.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CCJ. Wall Street Zen cut shares of Cameco from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Glj Research reaffirmed a “buy” rating and set a $99.74 price objective on shares of Cameco in a report on Wednesday, December 3rd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $147.00 target price on shares of Cameco in a research note on Thursday, February 5th. National Bank Financial reissued an “outperform” rating on shares of Cameco in a report on Thursday, November 6th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $131.00 price target on shares of Cameco in a report on Wednesday, February 4th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $131.39.

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.