Cameco Co. (NYSE:CCJ) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lowered its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 6.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 248,666 shares of the basic materials company’s stock after selling 18,005 shares during the period. Federated Hermes Inc. owned about 0.06% of Cameco worth $12,234,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CCJ. LRI Investments LLC acquired a new stake in shares of Cameco during the 1st quarter valued at $26,000. Principal Securities Inc. acquired a new position in shares of Cameco in the 4th quarter valued at $29,000. Lindbrook Capital LLC raised its holdings in Cameco by 26.0% during the 1st quarter. Lindbrook Capital LLC now owns 1,070 shares of the basic materials company’s stock worth $46,000 after buying an additional 221 shares during the period. Larson Financial Group LLC lifted its stake in Cameco by 99.3% during the first quarter. Larson Financial Group LLC now owns 1,204 shares of the basic materials company’s stock valued at $52,000 after buying an additional 600 shares in the last quarter. Finally, Crewe Advisors LLC purchased a new stake in Cameco during the first quarter valued at about $87,000. 70.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Cantor Fitzgerald upgraded shares of Cameco from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 31st. The Goldman Sachs Group increased their target price on Cameco from $56.00 to $62.00 and gave the company a “buy” rating in a report on Friday, June 7th. Bank of America lifted their price target on Cameco from $59.00 to $60.50 and gave the company a “buy” rating in a report on Wednesday, June 26th. Scotiabank decreased their price objective on Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Finally, National Bank Financial upgraded Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Cameco has an average rating of “Buy” and a consensus price target of $67.25.

Cameco Stock Performance

Shares of CCJ stock opened at $40.57 on Tuesday. Cameco Co. has a fifty-two week low of $35.18 and a fifty-two week high of $56.24. The stock’s 50-day moving average is $42.63 and its two-hundred day moving average is $46.54. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.22 and a quick ratio of 1.48. The firm has a market cap of $17.66 billion, a P/E ratio of 104.03 and a beta of 0.90.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.14). The business had revenue of $598.00 million for the quarter, compared to the consensus estimate of $756.00 million. Cameco had a net margin of 9.72% and a return on equity of 5.63%. Cameco’s revenue was up 24.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.01) EPS. Analysts predict that Cameco Co. will post 0.96 earnings per share for the current fiscal year.

Cameco Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.