Cameco Corporation $CCJ Stake Lessened by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise decreased its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 13.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,874 shares of the basic materials company’s stock after selling 5,639 shares during the period. Banque Cantonale Vaudoise’s holdings in Cameco were worth $3,010,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Financial Consulate Inc. acquired a new position in shares of Cameco during the 3rd quarter valued at $25,000. Armstrong Advisory Group Inc. raised its stake in shares of Cameco by 110.3% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 347 shares of the basic materials company’s stock worth $29,000 after buying an additional 182 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Cameco in the third quarter valued at $37,000. Tobam lifted its holdings in shares of Cameco by 389.1% in the third quarter. Tobam now owns 450 shares of the basic materials company’s stock valued at $38,000 after buying an additional 358 shares during the period. Finally, VSM Wealth Advisory LLC bought a new position in Cameco during the second quarter valued at about $35,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Up 3.4%

Shares of Cameco stock opened at $120.14 on Wednesday. Cameco Corporation has a 12-month low of $35.00 and a 12-month high of $135.24. The firm has a market capitalization of $52.32 billion, a PE ratio of 123.85 and a beta of 0.98. The company has a quick ratio of 1.68, a current ratio of 2.47 and a debt-to-equity ratio of 0.14. The stock’s fifty day moving average is $115.41 and its 200-day moving average is $97.15.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Friday, February 13th. The basic materials company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. Cameco had a return on equity of 9.35% and a net margin of 17.00%.The business had revenue of $874.57 million during the quarter, compared to analyst estimates of $782.13 million. During the same quarter last year, the company posted $0.36 EPS. Cameco’s revenue for the quarter was up 1.5% on a year-over-year basis. Equities analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CCJ shares. Royal Bank Of Canada lifted their target price on Cameco from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Weiss Ratings upgraded shares of Cameco from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Raymond James Financial reaffirmed an “outperform” rating on shares of Cameco in a research note on Wednesday, January 14th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $147.00 target price on shares of Cameco in a report on Thursday, February 5th. Finally, Canadian Imperial Bank of Commerce increased their target price on shares of Cameco to $202.00 in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Cameco currently has an average rating of “Moderate Buy” and an average price target of $150.40.

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.