Frank Rimerman Advisors LLC Reduces Stake in Cameco Co. (NYSE:CCJ)

Frank Rimerman Advisors LLC reduced its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 7.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,272 shares of the basic materials company’s stock after selling 1,337 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Cameco were worth $888,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of CCJ. Sierra Ocean LLC purchased a new stake in Cameco during the 4th quarter valued at about $25,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Cameco in the 4th quarter worth $28,000. Pingora Partners LLC bought a new stake in shares of Cameco in the 3rd quarter worth $33,000. Whipplewood Advisors LLC bought a new stake in shares of Cameco in the fourth quarter worth $33,000. Finally, Compass Planning Associates Inc purchased a new position in Cameco during the fourth quarter valued at $36,000. 70.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on CCJ. StockNews.com downgraded Cameco from a “hold” rating to a “sell” rating in a research report on Tuesday, March 11th. Stifel Canada raised Cameco to a “strong-buy” rating in a research note on Wednesday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $90.00 target price on shares of Cameco in a research note on Tuesday, March 4th. Stifel Nicolaus began coverage on Cameco in a report on Wednesday. They issued a “buy” rating for the company. Finally, Glj Research upped their target price on Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, seven have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $73.64.

Cameco Stock Performance

NYSE:CCJ opened at $42.44 on Friday. The company has a fifty day simple moving average of $47.80 and a two-hundred day simple moving average of $49.96. The company has a market cap of $18.47 billion, a price-to-earnings ratio of 151.55 and a beta of 1.04. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. The business had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. As a group, equities analysts anticipate that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

Cameco 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.