Canada Pension Plan Investment Board Has $11.69 Million Stock Position in Cameco Co. (NYSE:CCJ)

Canada Pension Plan Investment Board cut its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 43.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 237,579 shares of the basic materials company’s stock after selling 185,964 shares during the period. Canada Pension Plan Investment Board owned 0.05% of Cameco worth $11,687,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Principal Securities Inc. acquired a new stake in shares of Cameco during the fourth quarter worth $29,000. Dimensional Fund Advisors LP increased its holdings in Cameco by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 504,348 shares of the basic materials company’s stock valued at $21,737,000 after purchasing an additional 1,857 shares during the period. Principal Financial Group Inc. bought a new position in shares of Cameco during the fourth quarter worth about $685,000. Corient Private Wealth LLC boosted its holdings in Cameco by 108.9% in the fourth quarter. Corient Private Wealth LLC now owns 60,984 shares of the basic materials company’s stock valued at $2,628,000 after acquiring an additional 31,785 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in Cameco by 14.9% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 44,361 shares of the basic materials company’s stock valued at $1,912,000 after buying an additional 5,748 shares during the period. Institutional investors own 70.21% of the company’s stock.

Analyst Ratings Changes

CCJ has been the topic of several research analyst reports. National Bank Financial raised shares of Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. Scotiabank lowered their target price on Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Bank of America raised their price target on shares of Cameco from $59.00 to $60.50 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Cantor Fitzgerald raised shares of Cameco from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 31st. Finally, Glj Research reiterated a “buy” rating and set a $63.73 price objective on shares of Cameco in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $67.25.

Cameco Stock Up 3.6 %

Shares of Cameco stock opened at $46.02 on Tuesday. Cameco Co. has a 52-week low of $35.18 and a 52-week high of $56.24. The stock has a market capitalization of $20.03 billion, a PE ratio of 118.00 and a beta of 0.90. The company has a 50-day simple moving average of $41.64 and a two-hundred day simple moving average of $46.56. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.48 and a current ratio of 3.22.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Wednesday, July 31st. The basic materials company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). The company had revenue of $598.00 million during the quarter, compared to the consensus estimate of $756.00 million. Cameco had a return on equity of 5.63% and a net margin of 9.72%. The company’s revenue for the quarter was up 24.1% on a year-over-year basis. During the same period last year, the firm posted ($0.01) EPS. On average, analysts anticipate that Cameco Co. will post 0.96 EPS for the current fiscal year.

Cameco Company 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.