Cameco Corporation $CCJ Shares Sold by Jennison Associates LLC

Jennison Associates LLC lessened its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 13.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 449,577 shares of the basic materials company’s stock after selling 68,067 shares during the quarter. Jennison Associates LLC owned approximately 0.10% of Cameco worth $41,132,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of CCJ. Vanguard Group Inc. raised its holdings in shares of Cameco by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 18,059,335 shares of the basic materials company’s stock worth $1,653,639,000 after purchasing an additional 258,193 shares during the period. Capital World Investors boosted its holdings in shares of Cameco by 0.8% in the 3rd quarter. Capital World Investors now owns 13,503,924 shares of the basic materials company’s stock valued at $1,133,147,000 after buying an additional 106,872 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Cameco by 0.7% in 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 buying an additional 85,762 shares during the period. Van ECK Associates Corp grew its position 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 last quarter. Finally, TD Asset Management Inc raised its stake in Cameco by 116.7% during the third quarter. TD Asset Management Inc now owns 4,622,932 shares of the basic materials company’s stock worth $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 Price Performance

NYSE CCJ opened at $120.39 on Friday. Cameco Corporation has a 52 week low of $45.42 and a 52 week high of $135.24. The company has a current ratio of 2.47, a quick ratio of 1.68 and a debt-to-equity ratio of 0.14. The stock has a market cap of $52.44 billion, a price-to-earnings ratio of 124.12, a price-to-earnings-growth ratio of 2.28 and a beta of 1.04. The company has a 50-day moving average price of $114.95 and a two-hundred day moving average price of $105.19.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Friday, February 13th. The basic materials company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.29 by $0.07. Cameco had a net margin of 17.00% and a return on equity of 9.35%. The firm had revenue of $874.57 million during the quarter, compared to analysts’ expectations of $782.13 million. During the same quarter in the prior year, the firm earned $0.36 EPS. Cameco’s quarterly revenue was up 1.5% on a year-over-year basis. Analysts forecast that Cameco Corporation will post 1.2 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CCJ. Raymond James Financial reiterated an “outperform” rating on shares of Cameco in a research note on Wednesday, January 14th. Canadian Imperial Bank of Commerce increased their price objective on shares of Cameco to $202.00 in a research note on Monday, March 9th. The Goldman Sachs Group reiterated a “buy” rating and set a $131.00 price objective on shares of Cameco in a research note on Wednesday, February 4th. Zacks Research lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Finally, William Blair began coverage on shares of Cameco in a research note on Monday, April 20th. They set an “outperform” rating on the stock. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $150.40.

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.