USS Investment Management Ltd Sells 8,153 Shares of Cameco Corporation $CCJ

USS Investment Management Ltd reduced its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 8.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,989 shares of the basic materials company’s stock after selling 8,153 shares during the quarter. USS Investment Management Ltd’s holdings in Cameco were worth $8,516,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CCJ. Norges Bank bought a new stake in Cameco in the 4th quarter valued at $443,265,000. TD Asset Management Inc lifted its position in Cameco by 116.7% in the 3rd quarter. TD Asset Management Inc now owns 4,622,932 shares of the basic materials company’s stock valued at $388,068,000 after acquiring an additional 2,489,207 shares in the last quarter. Marshall Wace LLP lifted its position in Cameco by 7,481.3% in the 4th quarter. Marshall Wace LLP now owns 1,752,571 shares of the basic materials company’s stock valued at $160,343,000 after acquiring an additional 1,729,454 shares in the last quarter. Van ECK Associates Corp lifted its position in Cameco by 43.3% in the 3rd quarter. Van ECK Associates Corp now owns 5,443,807 shares of the basic materials company’s stock valued at $456,530,000 after acquiring an additional 1,644,061 shares in the last quarter. Finally, Mizuho Markets Cayman LP bought a new stake in Cameco in the 3rd quarter valued at $128,370,000. 70.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CCJ shares. Canadian Imperial Bank of Commerce boosted their price objective on shares of Cameco to $202.00 in a research report on Monday, March 9th. William Blair began coverage on shares of Cameco in a research report on Monday, April 20th. They issued an “outperform” rating on the stock. Barclays began coverage on shares of Cameco in a research report on Thursday, May 21st. They set an “equal weight” rating and a $108.00 price target on the stock. Scotiabank reissued an “outperform” rating and set a $175.00 price target on shares of Cameco in a research report on Wednesday, May 6th. Finally, Zacks Research cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $147.42.

Cameco Stock Up 5.9%

Cameco stock opened at $106.97 on Tuesday. The firm has a market capitalization of $46.59 billion, a PE ratio of 99.04, a P/E/G ratio of 1.71 and a beta of 0.99. The company’s 50-day moving average is $113.01 and its 200-day moving average is $109.41. Cameco Corporation has a fifty-two week low of $67.60 and a fifty-two week high of $135.24. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.08 and a quick ratio of 2.09.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data 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 company had revenue of $607.49 million for 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 revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.16 EPS. Sell-side analysts anticipate that Cameco Corporation will post 1.31 earnings per share 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.