Cameco Co. (NYSE:CCJ) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 6.0% during the third quarter, HoldingsChannel.com reports. The firm owned 14,250 shares of the basic materials company’s stock after selling 902 shares during the period. Vontobel Holding Ltd.’s holdings in Cameco were worth $681,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in CCJ. Silvia Mccoll Wealth Management LLC grew its position in Cameco by 3.9% during the third quarter. Silvia Mccoll Wealth Management LLC now owns 5,610 shares of the basic materials company’s stock worth $268,000 after buying an additional 210 shares during the period. EdgeRock Capital LLC lifted its position in shares of Cameco by 1.7% during the 3rd quarter. EdgeRock Capital LLC now owns 13,689 shares of the basic materials company’s stock valued at $654,000 after acquiring an additional 224 shares during the period. LRI Investments LLC boosted its stake in shares of Cameco by 39.0% during the 2nd quarter. LRI Investments LLC now owns 834 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 234 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Cameco by 71.5% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 238 shares during the period. Finally, S.A. Mason LLC increased its stake in Cameco by 8.1% in the 2nd quarter. S.A. Mason LLC now owns 3,449 shares of the basic materials company’s stock valued at $170,000 after purchasing an additional 258 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

CCJ has been the topic of several research reports. Bank of America upped their target price on Cameco from $59.00 to $60.50 and gave the company a “buy” rating in a report on Wednesday, June 26th. Cantor Fitzgerald upgraded shares of Cameco from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 31st. Glj Research restated a “buy” rating and set a $63.73 target price on shares of Cameco in a research report on Wednesday, August 14th. Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a research note on Friday, October 4th. Finally, National Bank Financial raised Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $66.56.

Cameco Trading Down 0.2 %

Shares of CCJ opened at $57.92 on Tuesday. Cameco Co. has a fifty-two week low of $35.43 and a fifty-two week high of $58.72. The company has a market capitalization of $25.21 billion, a PE ratio of 148.51 and a beta of 0.90. The stock has a fifty day moving average of $44.79 and a two-hundred day moving average of $47.71. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.48 and a current ratio of 3.22.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Wednesday, July 31st. The basic materials company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.14). Cameco had a return on equity of 5.63% and a net margin of 9.72%. The business had revenue of $598.00 million for the quarter, compared to analysts’ expectations of $756.00 million. During the same quarter last year, the company posted ($0.01) earnings per share. The business’s quarterly revenue was up 24.1% compared to the same quarter last year. As a group, analysts forecast that Cameco Co. will post 0.83 EPS for the current year.

Cameco Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.