Lombard Odier Asset Management USA Corp Sells 17,215 Shares of Cameco Corporation $CCJ

Lombard Odier Asset Management USA Corp lowered its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 67.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,285 shares of the basic materials company’s stock after selling 17,215 shares during the period. Lombard Odier Asset Management USA Corp’s holdings in Cameco were worth $758,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Cameco in the 4th quarter valued at $443,265,000. TD Asset Management Inc increased its stake 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 buying an additional 2,489,207 shares during the last quarter. Marshall Wace LLP increased its position in shares of Cameco by 7,481.3% during the 4th quarter. Marshall Wace LLP now owns 1,752,571 shares of the basic materials company’s stock worth $160,343,000 after purchasing an additional 1,729,454 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Cameco by 43.3% during the 3rd quarter. Van ECK Associates Corp now owns 5,443,807 shares of the basic materials company’s stock worth $456,530,000 after purchasing an additional 1,644,061 shares during the last quarter. Finally, Mizuho Markets Cayman LP acquired a new position in shares of Cameco during the 3rd quarter worth approximately $128,370,000. Institutional investors own 70.21% of the company’s stock.

Wall Street Analysts Forecast Growth

CCJ has been the topic of a number of recent analyst reports. TD Securities lowered Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Royal Bank Of Canada upped their price objective on Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. William Blair initiated coverage on Cameco in a report on Monday, April 20th. They issued an “outperform” rating on the stock. Barclays assumed coverage on shares of Cameco in a research report on Thursday, May 21st. They set an “equal weight” rating and a $108.00 target price on the stock. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $135.00 target price on shares of Cameco in a report on Monday. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $147.42.

Cameco Price Performance

Shares of CCJ opened at $107.86 on Wednesday. Cameco Corporation has a 52-week low of $67.60 and a 52-week 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 business’s 50 day moving average price is $112.92 and its two-hundred day moving average price is $109.54. The firm has a market cap of $46.97 billion, a PE 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 issued its quarterly 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 firm had revenue of $607.49 million for 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 was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 earnings per share. On average, equities analysts anticipate that Cameco Corporation will post 1.32 EPS for the current year.

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.