Cameco Co. (NYSE:CCJ) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank lowered its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 16.3% in the fourth quarter, HoldingsChannel reports. The fund owned 683,959 shares of the basic materials company’s stock after selling 133,069 shares during the quarter. Toronto Dominion Bank’s holdings in Cameco were worth $35,123,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Larson Financial Group LLC grew its holdings in shares of Cameco by 37.4% during the 4th quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 226 shares during the period. Heritage Wealth Management Inc. grew its holdings in shares of Cameco by 0.8% during the 4th quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company’s stock worth $1,587,000 after purchasing an additional 250 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Cameco by 48.6% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 267 shares during the period. EdgeRock Capital LLC grew its holdings in shares of Cameco by 2.2% during the 4th quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company’s stock worth $719,000 after purchasing an additional 297 shares during the period. Finally, Highview Capital Management LLC DE grew its holdings in shares of Cameco by 5.0% during the 4th quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company’s stock worth $321,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Stifel Nicolaus assumed coverage on Cameco in a report on Wednesday, March 12th. They set a “buy” rating for the company. Sanford C. Bernstein assumed coverage on Cameco in a report on Tuesday, April 1st. They set an “outperform” rating and a $52.00 target price for the company. Desjardins initiated coverage on Cameco in a report on Friday, April 4th. They set a “buy” rating for the company. StockNews.com upgraded Cameco from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. Finally, Glj Research upped their price target on Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a report on Wednesday, March 12th. One research 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. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $70.03.

Cameco Stock Down 0.5%

NYSE CCJ opened at $51.33 on Monday. The stock has a market cap of $22.35 billion, a PE ratio of 183.33 and a beta of 0.89. Cameco Co. has a fifty-two week low of $35.00 and a fifty-two week high of $62.55. The business has a 50 day moving average price of $43.73 and a two-hundred day moving average price of $48.82. 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 (NYSE:CCJ) (TSE:CCO) last released its earnings results on Thursday, May 1st. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07). The business had revenue of $549.58 million for the quarter, compared to analysts’ expectations of $890.07 million. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The business’s quarterly revenue was up 24.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.13 earnings per share. As a group, sell-side analysts predict that Cameco Co. will post 1.27 EPS 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.