Baader Bank Aktiengesellschaft Sells 5,064 Shares of Cameco Corporation $CCJ

Baader Bank Aktiengesellschaft trimmed its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 10.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,697 shares of the basic materials company’s stock after selling 5,064 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Cameco were worth $3,544,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Norges Bank purchased a new stake in Cameco during the 2nd quarter valued at about $341,736,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in Cameco by 41.4% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,076,815 shares of the basic materials company’s stock valued at $524,988,000 after purchasing an additional 2,071,373 shares during the last quarter. Acadian Asset Management LLC lifted its position in Cameco by 1,428.6% in the second quarter. Acadian Asset Management LLC now owns 978,300 shares of the basic materials company’s stock valued at $72,505,000 after purchasing an additional 914,300 shares during the last quarter. Encompass Capital Advisors LLC purchased a new stake in shares of Cameco during the second quarter valued at approximately $66,781,000. Finally, Fullerton Fund Management Co Ltd. grew its holdings in shares of Cameco by 3,586.0% in the second quarter. Fullerton Fund Management Co Ltd. now owns 762,380 shares of the basic materials company’s stock worth $56,591,000 after purchasing an additional 741,697 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analysts Set New Price Targets

CCJ has been the subject of a number of recent analyst reports. Royal Bank Of Canada lowered their price target on shares of Cameco from $160.00 to $150.00 and set an “outperform” rating for the company in a report on Thursday, November 13th. Sanford C. Bernstein restated an “outperform” rating and issued a $147.00 price objective on shares of Cameco in a research report on Thursday, February 5th. Glj Research reiterated a “buy” rating and set a $99.74 target price on shares of Cameco in a report on Wednesday, December 3rd. Scotiabank reissued an “outperform” rating on shares of Cameco in a research note on Wednesday, October 29th. Finally, Wall Street Zen downgraded Cameco from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $131.39.

Cameco Price Performance

Shares of NYSE CCJ opened at $118.02 on Wednesday. Cameco Corporation has a 1 year low of $35.00 and a 1 year high of $135.24. The stock has a market capitalization of $51.39 billion, a P/E ratio of 137.23 and a beta of 0.99. The company’s 50-day moving average is $104.96 and its 200 day moving average is $91.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.99 and a quick ratio of 1.85.

Cameco Profile

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.