Swiss National Bank Has $60.85 Million Position in Cameco Co. (NYSE:CCJ)

Swiss National Bank lessened its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,408,800 shares of the basic materials company’s stock after selling 41,800 shares during the period. Swiss National Bank owned 0.32% of Cameco worth $60,853,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CCJ. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Cameco by 37.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 280,118 shares of the basic materials company’s stock worth $11,165,000 after purchasing an additional 76,624 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Cameco by 0.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,553,350 shares of the basic materials company’s stock worth $500,370,000 after buying an additional 110,239 shares during the last quarter. Advisor Partners II LLC grew its position in shares of Cameco by 3.7% during the 3rd quarter. Advisor Partners II LLC now owns 12,507 shares of the basic materials company’s stock worth $496,000 after buying an additional 452 shares during the period. Henry James International Management Inc. raised its position in shares of Cameco by 9.7% in the 3rd quarter. Henry James International Management Inc. now owns 11,415 shares of the basic materials company’s stock valued at $452,000 after acquiring an additional 1,011 shares during the period. Finally, Joule Financial LLC raised its position in shares of Cameco by 6.7% in the 3rd quarter. Joule Financial LLC now owns 16,129 shares of the basic materials company’s stock valued at $639,000 after acquiring an additional 1,016 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group initiated coverage on shares of Cameco in a report on Monday, April 1st. They issued a “buy” rating and a $55.00 target price on the stock. StockNews.com downgraded Cameco from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Cameco currently has a consensus rating of “Moderate Buy” and an average target price of $62.75.

Cameco Stock Performance

Shares of CCJ stock opened at $48.41 on Monday. The company has a market capitalization of $21.02 billion, a P/E ratio of 124.13 and a beta of 0.92. Cameco Co. has a 52 week low of $26.15 and a 52 week high of $52.64. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 1.42. The company’s 50 day moving average price is $45.07 and its two-hundred day moving average price is $44.41.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). The company had revenue of $620.00 million for the quarter. Cameco had a return on equity of 4.60% and a net margin of 9.28%. On average, analysts expect that Cameco Co. will post 1.37 earnings per share for the current fiscal year.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.