Mufg Securities Canada LTD. Has $62.70 Million Holdings in Cameco Corporation $CCJ

Mufg Securities Canada LTD. trimmed its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 4.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 616,087 shares of the basic materials company’s stock after selling 29,942 shares during the period. Cameco comprises approximately 1.7% of Mufg Securities Canada LTD.’s holdings, making the stock its 19th largest holding. Mufg Securities Canada LTD.’s holdings in Cameco were worth $62,696,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in CCJ. Sterling Capital Management LLC purchased a new stake in shares of Cameco in the 1st quarter valued at approximately $30,000. Brown Lisle Cummings Inc. grew its holdings in shares of Cameco by 3,200.0% during the first quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company’s stock valued at $32,000 after buying an additional 288 shares in the last quarter. Mcguire Capital Advisors Inc. acquired a new position in Cameco during the fourth quarter valued at $28,000. Caitong International Asset Management Co. Ltd raised 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 valued at $28,000 after buying an additional 307 shares during the period. Finally, Sunbelt Securities Inc. lifted its stake in Cameco by 928.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 325 shares in the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Price Performance

Shares of CCJ opened at $98.75 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.10 and a current ratio of 3.06. The firm has a market cap of $43.01 billion, a PE ratio of 167.37, a PEG ratio of 1.71 and a beta of 1.05. The firm’s 50 day moving average price is $95.84 and its 200 day moving average price is $106.84. Cameco Corporation has a twelve month low of $73.20 and a twelve month high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Friday, July 31st. The basic materials company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.13). Cameco had a return on equity of 7.59% and a net margin of 10.20%.The business had revenue of $573.06 million during the quarter, compared to the consensus estimate of $579.60 million. During the same period in the prior year, the firm earned $0.71 earnings per share. The business’s revenue was down 6.8% on a year-over-year basis. As a group, research analysts expect that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on CCJ. Citigroup restated a “positive” rating on shares of Cameco in a research report on Wednesday, July 15th. Weiss Ratings cut shares of Cameco from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $135.00 price objective on shares of Cameco in a research note on Monday, June 15th. Wall Street Zen downgraded shares of Cameco from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, Scotiabank reissued an “outperform” rating and set a $175.00 target price on shares of Cameco in a research note on Wednesday, May 6th. Thirteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $145.68.

Cameco Company 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.