SailingStone Capital Partners LLC Trims Stake in Cameco Corporation $CCJ

SailingStone Capital Partners LLC cut its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 38.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 100,025 shares of the basic materials company’s stock after selling 62,794 shares during the period. Cameco accounts for 2.3% of SailingStone Capital Partners LLC’s investment portfolio, making the stock its 10th biggest position. SailingStone Capital Partners LLC’s holdings in Cameco were worth $9,151,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CCJ. Nisa Investment Advisors LLC bought a new stake in Cameco in the fourth quarter valued at $25,000. Founders Capital Management acquired a new position in shares of Cameco during the fourth quarter valued at $27,000. Strategic Advocates LLC acquired a new position in shares of Cameco during the third quarter valued at $28,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Cameco by 30,700.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 307 shares during the period. Finally, Sunbelt Securities Inc. grew its holdings in Cameco by 928.6% during the third quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 325 shares during the period. 70.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Scotiabank reaffirmed an “outperform” rating and set a $175.00 target price on shares of Cameco in a report on Wednesday, May 6th. TD Securities cut Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Royal Bank Of Canada raised their price objective on Cameco from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. Glj Research restated a “buy” rating and set a $171.20 price objective (up from $100.00) on shares of Cameco in a research report on Wednesday, February 18th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $135.00 price objective on shares of Cameco in a research report on Monday. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Cameco presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.42.

Cameco Stock Up 0.8%

CCJ opened at $107.86 on Wednesday. The business has a 50 day moving average price of $112.92 and a 200 day moving average price of $109.54. Cameco Corporation has a twelve month low of $67.60 and a twelve month high of $135.24. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.09 and a current ratio of 3.08. The firm has a market cap of $46.97 billion, a P/E ratio of 99.87, a price-to-earnings-growth ratio of 1.81 and a beta of 0.99.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.05. The firm had revenue of $607.49 million during the quarter, compared to analyst estimates of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.16 EPS. Research analysts forecast that Cameco Corporation will post 1.32 EPS for the current year.

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.