TD Asset Management Inc Sells 252,048 Shares of Cameco Corporation $CCJ

TD Asset Management Inc reduced its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 5.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,370,884 shares of the basic materials company’s stock after selling 252,048 shares during the quarter. TD Asset Management Inc’s holdings in Cameco were worth $400,753,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allianz Asset Management GmbH increased its stake in Cameco by 278.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 145,429 shares of the basic materials company’s stock valued at $12,208,000 after purchasing an additional 106,987 shares in the last quarter. Legal & General Group Plc increased its stake in Cameco by 4.6% during the 3rd quarter. Legal & General Group Plc now owns 2,483,216 shares of the basic materials company’s stock valued at $208,450,000 after purchasing an additional 108,841 shares in the last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new stake in Cameco during the 4th quarter valued at about $1,974,000. Caprock Group LLC bought a new stake in Cameco during the 3rd quarter valued at about $1,066,000. Finally, Intech Investment Management LLC increased its stake in Cameco by 3.8% during the 3rd quarter. Intech Investment Management LLC now owns 500,699 shares of the basic materials company’s stock valued at $42,031,000 after purchasing an additional 18,261 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors.

Cameco Stock Performance

Shares of NYSE CCJ opened at $114.81 on Thursday. The firm’s 50-day moving average price is $113.68 and its 200-day moving average price is $108.30. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14. The company has a market cap of $50.00 billion, a PE ratio of 106.31, a PEG ratio of 2.04 and a beta of 0.99. Cameco Corporation has a 52-week low of $59.10 and a 52-week high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results 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. The firm had revenue of $607.49 million for the quarter, compared to the consensus estimate of $598.63 million. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 EPS. As a group, analysts anticipate that Cameco Corporation will post 1.31 EPS for the current year.

Analyst Upgrades and Downgrades

CCJ has been the subject of a number of analyst reports. Weiss Ratings lowered shares of Cameco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Barclays initiated coverage on shares of Cameco in a research note on Thursday, May 21st. They set an “equal weight” rating and a $108.00 price objective for the company. Canadian Imperial Bank of Commerce raised their price objective on shares of Cameco to $202.00 in a research note on Monday, March 9th. Glj Research reaffirmed a “buy” rating and set a $171.20 price target (up from $100.00) on shares of Cameco in a report on Wednesday, February 18th. Finally, Zacks Research downgraded shares of Cameco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cameco currently has an average rating of “Moderate Buy” and a consensus target price 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.