Cameco Co. (NYSE:CCJ) Shares Sold by Kercheville Advisors LLC

Kercheville Advisors LLC reduced its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 11.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,709 shares of the basic materials company’s stock after selling 2,200 shares during the period. Kercheville Advisors LLC’s holdings in Cameco were worth $688,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of Cameco by 8.7% during the fourth quarter. FMR LLC now owns 22,639,647 shares of the basic materials company’s stock worth $1,163,942,000 after purchasing an additional 1,811,876 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Cameco by 1.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,846,044 shares of the basic materials company’s stock valued at $865,729,000 after buying an additional 190,337 shares during the last quarter. Vanguard Group Inc. raised its stake in Cameco by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 16,784,270 shares of the basic materials company’s stock worth $862,997,000 after acquiring an additional 270,102 shares during the period. Alliancebernstein L.P. lifted its holdings in Cameco by 13.5% in the fourth quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company’s stock worth $518,443,000 after acquiring an additional 1,196,336 shares during the last quarter. Finally, Norges Bank acquired a new position in Cameco in the fourth quarter valued at approximately $188,595,000. 70.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CCJ. Sanford C. Bernstein set a $70.00 price target on Cameco and gave the stock an “outperform” rating in a research report on Tuesday, June 10th. UBS Group restated a “buy” rating on shares of Cameco in a research note on Tuesday, June 10th. Wall Street Zen upgraded Cameco from a “sell” rating to a “hold” rating in a research note on Tuesday, May 13th. Glj Research restated a “buy” rating and set a $75.27 price target on shares of Cameco in a research report on Thursday, June 12th. Finally, Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $75.63.

Cameco Trading Up 4.1%

Shares of NYSE:CCJ opened at $69.41 on Tuesday. The company has a 50 day moving average of $51.37 and a 200-day moving average of $49.52. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The firm has a market cap of $30.22 billion, a P/E ratio of 247.89 and a beta of 0.97. Cameco Co. has a twelve month low of $35.00 and a twelve month high of $71.31.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its 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 firm had revenue of $549.58 million for the quarter, compared to the consensus estimate of $890.07 million. Cameco had a return on equity of 4.34% and a net margin of 5.39%. Cameco’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 EPS. As a group, 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.