SG Americas Securities LLC Cuts Stake in Cameco Corporation $CCJ

SG Americas Securities LLC cut its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 5.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 217,275 shares of the basic materials company’s stock after selling 12,984 shares during the period. SG Americas Securities LLC’s holdings in Cameco were worth $23,598,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new position in Cameco during the fourth quarter worth approximately $443,265,000. TD Asset Management Inc boosted its holdings in shares of Cameco by 116.7% in 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 purchasing an additional 2,489,207 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Cameco by 7,481.3% during the 4th quarter. Marshall Wace LLP now owns 1,752,571 shares of the basic materials company’s stock valued at $160,343,000 after buying an additional 1,729,454 shares during the period. Van ECK Associates Corp grew its stake in shares of 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 buying an additional 1,644,061 shares during the period. Finally, Mizuho Markets Cayman LP acquired a new stake in shares of Cameco during the 3rd quarter worth $128,370,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on CCJ. Scotiabank reaffirmed an “outperform” rating and issued a $175.00 target price on shares of Cameco in a research report on Wednesday, May 6th. Sanford C. Bernstein reissued an “outperform” rating and set a $135.00 price target on shares of Cameco in a research report on Monday, June 15th. Weiss Ratings lowered Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Barclays started coverage on Cameco in a report on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 price objective on the stock. Finally, TD Securities lowered Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $147.42.

Cameco Price Performance

Cameco stock opened at $106.47 on Thursday. Cameco Corporation has a 52-week low of $68.96 and a 52-week high of $135.24. The firm has a fifty day moving average of $112.05 and a 200-day moving average of $110.27. The firm has a market capitalization of $46.37 billion, a P/E ratio of 98.59, a PEG ratio of 1.99 and a beta of 0.99. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The business had revenue of $607.49 million for 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 for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 EPS. As a group, analysts predict that Cameco Corporation will post 1.21 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.