Kercheville Advisors LLC Sells 6,810 Shares of Cameco Corporation $CCJ

Kercheville Advisors LLC lowered its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 13.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,227 shares of the basic materials company’s stock after selling 6,810 shares during the quarter. Cameco comprises 1.5% of Kercheville Advisors LLC’s portfolio, making the stock its 21st biggest holding. Kercheville Advisors LLC’s holdings in Cameco were worth $4,695,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Legal & General Group Plc boosted its holdings in Cameco by 4.6% in the 3rd quarter. Legal & General Group Plc now owns 2,483,216 shares of the basic materials company’s stock worth $208,450,000 after buying an additional 108,841 shares during the period. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new stake in Cameco during the fourth quarter valued at about $1,974,000. Intech Investment Management LLC raised its holdings in Cameco by 3.8% during the third quarter. Intech Investment Management LLC now owns 500,699 shares of the basic materials company’s stock valued at $42,031,000 after acquiring an additional 18,261 shares during the period. Vanguard Group Inc. lifted its position in shares of 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 acquiring an additional 258,193 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Cameco by 0.7% in the third 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 in the last quarter. 70.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CCJ shares. TD Securities lowered Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. William Blair assumed coverage on Cameco in a research note on Monday, April 20th. They set an “outperform” rating on the stock. Scotiabank reissued an “outperform” rating and issued a $175.00 price target on shares of Cameco in a report on Wednesday, May 6th. Barclays began coverage on Cameco in a research note on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 price target for the company. Finally, Weiss Ratings lowered shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.42.

Cameco Stock Up 1.6%

Shares of CCJ stock opened at $108.78 on Wednesday. The stock has a market cap of $47.38 billion, a P/E ratio of 100.72, a PEG ratio of 1.95 and a beta of 0.99. Cameco Corporation has a 52 week low of $68.96 and a 52 week high of $135.24. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14. The company’s fifty day simple moving average is $112.25 and its two-hundred day simple moving average is $110.19.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.29 by $0.05. The business had revenue of $607.49 million during the quarter, compared to the consensus estimate of $598.63 million. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.16 EPS. Analysts predict that Cameco Corporation will post 1.21 EPS for the current fiscal year.

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.