Beutel Goodman & Co Ltd. reduced its position in shares of Cameco Corp (NYSE:CCJ) (TSE:CCO) by 3.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,180,519 shares of the basic materials company’s stock after selling 780,267 shares during the quarter. Cameco comprises about 1.8% of Beutel Goodman & Co Ltd.’s portfolio, making the stock its 16th biggest position. Beutel Goodman & Co Ltd. owned 5.60% of Cameco worth $249,580,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Matarin Capital Management LLC purchased a new position in shares of Cameco in the 1st quarter valued at $445,000. ING Groep NV increased its holdings in shares of Cameco by 39.2% in the 1st quarter. ING Groep NV now owns 35,085 shares of the basic materials company’s stock valued at $319,000 after acquiring an additional 9,885 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Cameco by 6.1% in the 4th quarter. Bank of New York Mellon Corp now owns 428,665 shares of the basic materials company’s stock valued at $3,958,000 after acquiring an additional 24,577 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Cameco in the 1st quarter valued at $190,000. Finally, Exor Investments UK LLP increased its holdings in shares of Cameco by 31.7% in the 2nd quarter. Exor Investments UK LLP now owns 5,967,410 shares of the basic materials company’s stock valued at $67,133,000 after acquiring an additional 1,435,286 shares during the period. Institutional investors own 52.83% of the company’s stock.
Cameco traded down $0.19, hitting $10.64, on Monday, Marketbeat.com reports. 282,395 shares of the company’s stock were exchanged, compared to its average volume of 2,001,020. Cameco Corp has a 12-month low of $7.68 and a 12-month high of $12.19. The company has a debt-to-equity ratio of 0.31, a current ratio of 6.16 and a quick ratio of 3.58. The company has a market cap of $4.29 billion, a price-to-earnings ratio of 88.17 and a beta of 1.08.
Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Wednesday, July 25th. The basic materials company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.06). Cameco had a positive return on equity of 1.61% and a negative net margin of 10.03%. The business had revenue of $333.00 million for the quarter, compared to analysts’ expectations of $392.80 million. During the same quarter last year, the firm earned ($0.11) earnings per share. The firm’s quarterly revenue was down 29.1% compared to the same quarter last year. equities research analysts anticipate that Cameco Corp will post 0.26 earnings per share for the current year.
Several research analysts recently weighed in on CCJ shares. Royal Bank of Canada downgraded Cameco from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, May 22nd. Zacks Investment Research upgraded Cameco from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Monday, April 30th. BMO Capital Markets downgraded Cameco from an “outperform” rating to a “market perform” rating and set a $15.00 target price on the stock. in a research note on Thursday. TheStreet upgraded Cameco from a “d+” rating to a “c-” rating in a research note on Tuesday, April 24th. Finally, ValuEngine downgraded Cameco from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Cameco currently has an average rating of “Hold” and an average price target of $18.00.
Cameco Company Profile
Cameco Corporation produces and sells uranium worldwide. The company operates through three segments: Uranium, Fuel Services, and NUKEM. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrates. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; the Inkai property situated in Kazakhstan; the Smith Ranch-Highland property located in Wyoming, the United States; and the Crow Butte property situated in Nebraska, the United States.
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