Mufg Securities Canada LTD. Has $60.72 Million Holdings in Cameco Corporation $CCJ

Mufg Securities Canada LTD. lessened its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 8.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 662,961 shares of the basic materials company’s stock after selling 57,491 shares during the period. Cameco makes up about 1.7% of Mufg Securities Canada LTD.’s holdings, making the stock its 20th largest position. Mufg Securities Canada LTD. owned 0.15% of Cameco worth $60,719,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CCJ. Bison Wealth LLC grew its stake in Cameco by 16.1% in the fourth quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company’s stock valued at $1,102,000 after acquiring an additional 2,975 shares during the period. AQR Capital Management LLC grew its stake in Cameco by 16.6% in the first quarter. AQR Capital Management LLC now owns 9,547 shares of the basic materials company’s stock valued at $393,000 after acquiring an additional 1,361 shares during the period. Integrated Wealth Concepts LLC grew its stake in Cameco by 48.7% in the first quarter. Integrated Wealth Concepts LLC now owns 8,485 shares of the basic materials company’s stock valued at $349,000 after acquiring an additional 2,780 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Cameco by 11.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 604,841 shares of the basic materials company’s stock valued at $24,895,000 after acquiring an additional 64,512 shares during the period. Finally, NewGen Equity Long Short Fund acquired a new stake in Cameco in the second quarter valued at approximately $14,252,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Down 0.0%

Shares of NYSE:CCJ opened at $100.94 on Monday. The stock has a market cap of $43.96 billion, a price-to-earnings ratio of 93.47, a PEG ratio of 1.71 and a beta of 0.99. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14. Cameco Corporation has a 12-month low of $64.84 and a 12-month high of $135.24. The business’s 50 day moving average is $113.12 and its 200 day moving average is $109.27.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.05. The company had revenue of $607.49 million for the quarter, compared to analysts’ expectations of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.Cameco’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.16 earnings per share. On average, sell-side analysts forecast that Cameco Corporation will post 1.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CCJ has been the subject of a number of research reports. TD Securities cut Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Weiss Ratings cut Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. William Blair initiated coverage on Cameco in a research report on Monday, April 20th. They set an “outperform” rating on the stock. Zacks Research cut Cameco from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Finally, Canadian Imperial Bank of Commerce lifted their target price on Cameco to $202.00 in a research report on Monday, March 9th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $148.62.

Cameco 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.