OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $653,000 Stock Position in Cameco Corporation $CCJ

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 84.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,138 shares of the basic materials company’s stock after selling 40,027 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Cameco were worth $653,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC acquired a new position in Cameco during the fourth quarter worth $25,000. Founders Capital Management acquired a new stake in Cameco in the fourth quarter valued at $27,000. Strategic Advocates LLC acquired a new stake in Cameco in the third quarter valued at $28,000. Mcguire Capital Advisors Inc. bought a new position in shares of Cameco in the 4th quarter valued at about $28,000. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of Cameco by 30,700.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 307 shares during the period. 70.21% of the stock is owned by institutional investors.

Cameco Trading Up 0.1%

CCJ stock opened at $106.57 on Friday. Cameco Corporation has a one year low of $67.60 and a one year high of $135.24. The stock has a market cap of $46.41 billion, a price-to-earnings ratio of 98.68, a price-to-earnings-growth ratio of 1.94 and a beta of 0.99. The company has a fifty day moving average price of $112.56 and a two-hundred day moving average price of $109.76. 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 announced its quarterly 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 analyst estimates of $598.63 million. Cameco had a net margin of 18.38% and a return on equity of 11.05%. Cameco’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 EPS. Equities analysts anticipate that Cameco Corporation will post 1.21 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CCJ. TD Securities cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Sanford C. Bernstein reiterated an “outperform” rating and set a $135.00 price target on shares of Cameco in a report on Monday. Canadian Imperial Bank of Commerce boosted their price target on Cameco to $202.00 in a research report on Monday, March 9th. Weiss Ratings lowered Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Finally, William Blair initiated coverage on Cameco in a research note on Monday, April 20th. They issued an “outperform” rating on the stock. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Cameco has an average rating of “Moderate Buy” and an average target price of $147.42.

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.