Ameriprise Financial Inc. Reduces Holdings in Cameco Co. (NYSE:CCJ)

Ameriprise Financial Inc. lessened its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 27.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,527,240 shares of the basic materials company’s stock after selling 958,201 shares during the period. Ameriprise Financial Inc. owned 0.58% of Cameco worth $129,963,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Sierra Ocean LLC purchased a new position in Cameco in the 4th quarter valued at about $25,000. Hurley Capital LLC acquired a new stake in Cameco during the fourth quarter worth approximately $27,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Cameco in the 4th quarter worth approximately $28,000. Whipplewood Advisors LLC acquired a new position in Cameco in the 4th quarter valued at $33,000. Finally, Compass Planning Associates Inc purchased a new position in shares of Cameco during the 4th quarter worth $36,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CCJ shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $90.00 target price on shares of Cameco in a research note on Tuesday, March 4th. Stifel Nicolaus assumed coverage on shares of Cameco in a report on Wednesday, March 12th. They set a “buy” rating on the stock. Desjardins assumed coverage on shares of Cameco in a report on Friday, April 4th. They issued a “buy” rating for the company. Stifel Canada raised shares of Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. Finally, StockNews.com cut shares of Cameco from a “hold” rating to a “sell” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, nine have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $70.03.

Cameco Trading Up 3.5 %

NYSE:CCJ opened at $49.84 on Thursday. Cameco Co. has a 12 month low of $35.00 and a 12 month high of $62.55. The business’s 50-day moving average is $42.39 and its two-hundred day moving average is $49.07. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The firm has a market capitalization of $21.70 billion, a PE ratio of 178.01 and a beta of 0.89.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07). The company had revenue of $549.58 million for the quarter, compared to analyst estimates of $890.07 million. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The business’s revenue was up 24.4% on a year-over-year basis. During the same period last year, the firm posted $0.13 earnings per share. Research analysts predict that Cameco Co. will post 1.27 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.