Cameco Co. (NYSE:CCJ) Shares Sold by Capital World Investors

Capital World Investors lowered its position in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,260,545 shares of the basic materials company's stock after selling 248,929 shares during the quarter. Capital World Investors owned about 3.05% of Cameco worth $681,748,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Sierra Ocean LLC acquired a new position in shares of Cameco in the 4th quarter worth approximately $25,000. Hurley Capital LLC acquired a new stake in shares of Cameco in the 4th quarter valued at $27,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Cameco in the 4th quarter valued at about $28,000. Whipplewood Advisors LLC acquired a new position in shares of Cameco in the 4th quarter valued at $33,000. Finally, Compass Planning Associates Inc acquired a new position in Cameco in the fourth quarter valued at $36,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CCJ. Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. StockNews.com upgraded shares of Cameco from a "sell" rating to a "hold" rating in a research report on Tuesday, April 15th. Stifel Nicolaus began coverage on shares of Cameco in a report on Wednesday, March 12th. They issued a "buy" rating on the stock. Glj Research lifted their price objective on Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research report on Wednesday, March 12th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $90.00 price objective on shares of Cameco in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, Cameco currently has an average rating of "Buy" and a consensus target price of $70.03.

Cameco Stock Up 4.6 %

Cameco stock traded up $1.95 during midday trading on Thursday, hitting $43.92. 3,171,504 shares of the company were exchanged, compared to its average volume of 4,362,471. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. Cameco Co. has a fifty-two week low of $35.00 and a fifty-two week high of $62.55. The company's fifty day moving average price is $42.19 and its 200-day moving average price is $49.54. The company has a market cap of $19.12 billion, a PE ratio of 156.86 and a beta of 1.04.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, meeting analysts' consensus estimates of $0.26. The firm had revenue of $845.54 million during the quarter, compared to analyst estimates of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. On average, research analysts predict that Cameco Co. will post 1.27 EPS for the current fiscal year.

About Cameco

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.