Pictet Asset Management Holding SA Decreases Holdings in Cameco Co. (NYSE:CCJ)

Pictet Asset Management Holding SA reduced its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 1.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 190,973 shares of the basic materials company’s stock after selling 3,412 shares during the period. Pictet Asset Management Holding SA’s holdings in Cameco were worth $9,814,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Glenmede Trust Co. NA boosted its position in shares of Cameco by 2.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company’s stock worth $437,000 after purchasing an additional 191 shares in the last quarter. Larson Financial Group LLC raised its stake in Cameco by 37.4% in the fourth quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company’s stock valued at $43,000 after buying an additional 226 shares during the last quarter. Heritage Wealth Management Inc. boosted its holdings in Cameco by 0.8% in the fourth quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company’s stock worth $1,587,000 after acquiring an additional 250 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Cameco by 48.6% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 267 shares during the last quarter. Finally, EdgeRock Capital LLC increased its holdings in shares of Cameco by 2.2% during the fourth quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company’s stock valued at $719,000 after acquiring an additional 297 shares in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CCJ shares. Glj Research boosted their target price on shares of Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research report on Wednesday, March 12th. Sanford C. Bernstein initiated coverage on shares of Cameco in a report on Tuesday. They set an “outperform” rating and a $52.00 price objective on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $90.00 target price on shares of Cameco in a research report on Tuesday, March 4th. StockNews.com cut Cameco from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Stifel Canada raised Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, eight have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Cameco currently has an average rating of “Buy” and an average target price of $70.03.

Cameco Stock Performance

Shares of CCJ stock opened at $42.49 on Thursday. The stock has a market cap of $18.50 billion, a PE ratio of 151.75 and a beta of 1.04. Cameco Co. has a 52-week low of $35.43 and a 52-week high of $62.55. The business has a 50-day simple moving average of $45.70 and a 200-day simple moving average of $50.33. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. The business had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. On average, equities analysts expect that Cameco Co. will post 1.27 EPS for the current year.

About Cameco

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.