Towarzystwo Funduszy Inwestycyjnych PZU SA Sells 19,257 Shares of Cameco Corporation $CCJ

Towarzystwo Funduszy Inwestycyjnych PZU SA decreased its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 27.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,732 shares of the basic materials company’s stock after selling 19,257 shares during the quarter. Cameco accounts for approximately 1.2% of Towarzystwo Funduszy Inwestycyjnych PZU SA’s investment portfolio, making the stock its 14th largest position. Towarzystwo Funduszy Inwestycyjnych PZU SA’s holdings in Cameco were worth $4,654,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CCJ. Nisa Investment Advisors LLC bought a new stake in Cameco during the fourth quarter worth about $25,000. Founders Capital Management bought a new stake in Cameco during the fourth quarter worth about $27,000. Strategic Advocates LLC bought a new stake in Cameco during the third quarter worth about $28,000. Caitong International Asset Management Co. Ltd lifted its position in Cameco by 30,700.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 307 shares during the period. Finally, Sunbelt Securities Inc. lifted its position in Cameco by 928.6% during the third quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 325 shares during the period. Institutional investors own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. TD Securities cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Barclays assumed coverage on shares of Cameco in a report on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 target price for the company. William Blair assumed coverage on shares of Cameco in a report on Monday, April 20th. They issued an “outperform” rating for the company. Glj Research reissued a “buy” rating and issued a $171.20 target price (up from $100.00) on shares of Cameco in a report on Wednesday, February 18th. Finally, Zacks Research cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $148.62.

Cameco Stock Down 0.0%

Shares of NYSE CCJ opened at $100.94 on Monday. The company has a 50 day simple moving average of $113.12 and a 200 day simple moving average of $109.27. The firm has a market cap of $43.96 billion, a PE ratio of 93.47, a price-to-earnings-growth ratio of 1.71 and a beta of 0.99. Cameco Corporation has a 1 year low of $64.84 and a 1 year high of $135.24. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.08 and a quick ratio of 2.09.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The business had revenue of $607.49 million during the quarter, compared to analyst estimates of $598.63 million. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business earned $0.16 EPS. On average, research analysts forecast that Cameco Corporation will post 1.31 EPS for the current 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.