Cameco Corporation $CCJ Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lessened its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 10.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 135,058 shares of the basic materials company’s stock after selling 16,428 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Cameco were worth $12,383,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Cameco by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 17,801,142 shares of the basic materials company’s stock valued at $1,493,978,000 after purchasing an additional 235,613 shares in the last quarter. Capital World Investors boosted its holdings in Cameco by 0.8% in the 3rd quarter. Capital World Investors now owns 13,503,924 shares of the basic materials company’s stock worth $1,133,147,000 after acquiring an additional 106,872 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in 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 worth $1,089,080,000 after acquiring an additional 85,762 shares during the period. Van ECK Associates Corp boosted its holdings in Cameco by 43.3% in the 3rd quarter. Van ECK Associates Corp now owns 5,443,807 shares of the basic materials company’s stock worth $456,530,000 after acquiring an additional 1,644,061 shares during the period. Finally, TD Asset Management Inc boosted its holdings in 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 worth $388,068,000 after acquiring an additional 2,489,207 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. The Goldman Sachs Group restated a “buy” rating and issued a $131.00 price target on shares of Cameco in a report on Wednesday, February 4th. Glj Research reiterated a “buy” rating and issued a $171.20 price objective (up from $100.00) on shares of Cameco in a report on Wednesday, February 18th. Canadian Imperial Bank of Commerce lifted their price objective on Cameco to $202.00 in a report on Monday, March 9th. Sanford C. Bernstein restated an “outperform” rating and set a $147.00 price objective on shares of Cameco in a report on Thursday, February 5th. Finally, TD Securities lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $150.40.

Cameco Stock Down 2.2%

Shares of NYSE:CCJ opened at $123.68 on Friday. The stock has a market capitalization of $53.87 billion, a price-to-earnings ratio of 127.51 and a beta of 1.02. Cameco Corporation has a 1-year low of $42.10 and a 1-year high of $135.24. The company’s fifty day moving average is $114.47 and its two-hundred day moving average is $104.03. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.68 and a current ratio of 2.47.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Friday, February 13th. The basic materials company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07. The company had revenue of $874.57 million for the quarter, compared to analysts’ expectations of $782.13 million. Cameco had a net margin of 17.00% and a return on equity of 9.35%. The firm’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 earnings per share. Equities analysts anticipate that Cameco Corporation will post 1.48 EPS for the current year.

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.