Federated Hermes Inc. reduced its position in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 12.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 147,787 shares of the basic materials company's stock after selling 20,063 shares during the quarter. Federated Hermes Inc.'s holdings in Cameco were worth $7,595,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Cameco during the 4th quarter worth approximately $188,595,000. Alliancebernstein L.P. lifted its holdings in shares of Cameco by 13.5% during the fourth quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company's stock valued at $518,443,000 after acquiring an additional 1,196,336 shares during the period. AGF Management Ltd. boosted its stake in shares of Cameco by 54.2% in the 4th quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company's stock valued at $174,433,000 after purchasing an additional 1,193,266 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Cameco by 35.9% in the 4th quarter. Wellington Management Group LLP now owns 2,590,976 shares of the basic materials company's stock valued at $133,151,000 after purchasing an additional 685,145 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Cameco in the 4th quarter worth about $34,440,000. Institutional investors and hedge funds own 70.21% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on CCJ shares. Glj Research increased their price target on Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research report on Wednesday, March 12th. Royal Bank of Canada restated an "outperform" rating and issued a $90.00 target price on shares of Cameco in a research note on Tuesday, March 4th. StockNews.com downgraded shares of Cameco from a "hold" rating to a "sell" rating in a research report on Wednesday, April 2nd. Stifel Nicolaus initiated coverage on shares of Cameco in a research report on Wednesday, March 12th. They issued a "buy" rating for the company. Finally, Sanford C. Bernstein began coverage on shares of Cameco in a research note on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 target price for the company. One analyst has rated the stock with a sell rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $70.03.
Check Out Our Latest Research Report on Cameco
Cameco Trading Up 0.6 %
CCJ stock traded up $0.26 during midday trading on Tuesday, reaching $41.57. The company's stock had a trading volume of 889,712 shares, compared to its average volume of 4,092,403. The business's 50-day simple moving average is $43.36 and its 200-day simple moving average is $49.97. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. Cameco Co. has a 52 week low of $35.00 and a 52 week high of $62.55. The stock has a market cap of $18.10 billion, a PE ratio of 148.52 and a beta of 1.04.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, meeting analysts' consensus estimates of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The business had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. As a group, sell-side analysts expect that Cameco Co. will post 1.27 EPS for the current year.
About Cameco
(
Free Report)
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.
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