Mufg Securities Canada LTD. Cuts Stock Position in Cameco Corporation $CCJ

Mufg Securities Canada LTD. lowered its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 8.0% during the 4th quarter, Holdings Channel reports. The firm owned 662,961 shares of the basic materials company’s stock after selling 57,491 shares during the period. Cameco makes up about 1.7% of Mufg Securities Canada LTD.’s investment portfolio, making the stock its 20th largest holding. Mufg Securities Canada LTD.’s holdings in Cameco were worth $60,719,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nisa Investment Advisors LLC purchased a new position in Cameco in the fourth quarter worth $25,000. Founders Capital Management purchased a new position in Cameco in the fourth quarter worth $27,000. Caitong International Asset Management Co. Ltd boosted its position in Cameco by 30,700.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 307 shares during the last quarter. Strategic Advocates LLC purchased a new position in Cameco in the third quarter worth $28,000. Finally, Sunbelt Securities Inc. boosted its position in Cameco by 928.6% in the third quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 325 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Stock Performance

Shares of CCJ opened at $100.94 on Monday. The firm has a market cap of $43.96 billion, a PE ratio of 93.47, a PEG ratio of 1.71 and a beta of 0.99. The stock’s fifty day moving average price is $113.12 and its two-hundred day moving average price is $109.27. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.08 and a quick ratio of 2.09. Cameco Corporation has a 1 year low of $64.84 and a 1 year high of $135.24.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The company had revenue of $607.49 million for the quarter, compared to analyst estimates of $598.63 million. During the same period in the previous year, the company posted $0.16 EPS. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities research analysts forecast that Cameco Corporation will post 1.31 EPS for the current year.

Analyst Upgrades and Downgrades

CCJ has been the topic of several research analyst reports. Scotiabank reissued an “outperform” rating and issued a $175.00 price objective on shares of Cameco in a research report on Wednesday, May 6th. Zacks Research lowered Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Glj Research restated a “buy” rating and issued a $171.20 target price (up from $100.00) on shares of Cameco in a research note on Wednesday, February 18th. TD Securities lowered Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Finally, William Blair assumed coverage on Cameco in a research note on Monday, April 20th. They issued an “outperform” rating on the stock. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $148.62.

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.