TD Asset Management Inc Sells 252,048 Shares of Cameco Corporation $CCJ

TD Asset Management Inc reduced its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 5.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,370,884 shares of the basic materials company’s stock after selling 252,048 shares during the quarter. TD Asset Management Inc owned approximately 1.00% of Cameco worth $400,753,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Cibc World Market Inc. increased its position in shares of Cameco by 13.8% in the fourth quarter. Cibc World Market Inc. now owns 3,857,394 shares of the basic materials company’s stock valued at $353,260,000 after acquiring an additional 467,916 shares during the period. Marietta Investment Partners LLC increased its position in shares of Cameco by 430.6% in the fourth quarter. Marietta Investment Partners LLC now owns 14,485 shares of the basic materials company’s stock valued at $1,325,000 after acquiring an additional 11,755 shares during the period. WCG Wealth Advisors LLC bought a new position in Cameco in the 4th quarter worth $6,647,000. CIBC Asset Management Inc raised its holdings in Cameco by 0.7% in the 4th quarter. CIBC Asset Management Inc now owns 3,118,426 shares of the basic materials company’s stock worth $287,514,000 after purchasing an additional 21,806 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Cameco by 21.1% in the 4th quarter. Bank of New York Mellon Corp now owns 1,385,515 shares of the basic materials company’s stock worth $126,761,000 after purchasing an additional 241,137 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Stock Down 4.7%

Shares of Cameco stock opened at $114.81 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.08 and a quick ratio of 2.09. The company has a 50-day moving average of $113.68 and a 200 day moving average of $108.30. The firm has a market cap of $50.00 billion, a price-to-earnings ratio of 106.31, a PEG ratio of 2.04 and a beta of 0.99. Cameco Corporation has a 1 year low of $59.10 and a 1 year high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.05. The company had revenue of $607.49 million during the quarter, compared to analyst estimates of $598.63 million. Cameco had a net margin of 18.38% and a return on equity of 11.05%. Cameco’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business earned $0.16 EPS. As a group, sell-side analysts anticipate that Cameco Corporation will post 1.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CCJ has been the subject of several research reports. William Blair initiated coverage on shares of Cameco in a report on Monday, April 20th. They issued an “outperform” rating for the company. Weiss Ratings lowered shares of Cameco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Royal Bank Of Canada upped their price objective on shares of Cameco from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Zacks Research lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $131.00 price objective on shares of Cameco in a report on Wednesday, February 4th. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $148.62.

About Cameco

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.