Cameco Corporation $CCJ Shares Sold by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. lessened its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 72.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 66,653 shares of the basic materials company’s stock after selling 174,730 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Cameco were worth $6,114,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Cameco by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 18,059,335 shares of the basic materials company’s stock valued at $1,653,639,000 after buying an additional 258,193 shares during the last quarter. Capital World Investors increased its holdings in Cameco by 0.8% in the 3rd quarter. Capital World Investors now owns 13,503,924 shares of the basic materials company’s stock worth $1,133,147,000 after buying an additional 106,872 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Cameco by 0.7% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,973,799 shares of the basic materials company’s stock valued at $1,089,080,000 after acquiring an additional 85,762 shares during the period. Van ECK Associates Corp lifted its stake in Cameco by 43.3% during the 3rd quarter. Van ECK Associates Corp now owns 5,443,807 shares of the basic materials company’s stock valued at $456,530,000 after acquiring an additional 1,644,061 shares during the period. Finally, TD Asset Management Inc lifted its stake in Cameco by 116.7% during the 3rd quarter. TD Asset Management Inc now owns 4,622,932 shares of the basic materials company’s stock valued at $388,068,000 after acquiring an additional 2,489,207 shares during the period. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Stock Performance

CCJ opened at $112.75 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.08 and a quick ratio of 2.09. The firm has a fifty day moving average price of $113.00 and a 200 day moving average price of $107.66. Cameco Corporation has a 1 year low of $57.63 and a 1 year high of $135.24. The stock has a market cap of $49.11 billion, a P/E ratio of 104.40, a P/E/G ratio of 1.90 and a beta of 1.04.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.05. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The firm had revenue of $607.49 million during the quarter, compared to analysts’ expectations of $598.63 million. During the same period in the previous year, the business posted $0.16 EPS. The business’s revenue was up 7.1% compared to the same quarter last year. Equities research analysts anticipate that Cameco Corporation will post 1.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on CCJ shares. Zacks Research cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. TD Securities downgraded Cameco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Canadian Imperial Bank of Commerce lifted their price objective on Cameco to $202.00 in a research note on Monday, March 9th. Royal Bank Of Canada lifted their price objective on Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Finally, Glj Research reiterated a “buy” rating and set a $171.20 price objective (up from $100.00) on shares of Cameco in a research note on Wednesday, February 18th. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $148.62.

About Cameco

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.