Wealth High Governance Capital Ltda Cuts Stock Position in Cameco Co. (NYSE:CCJ)

Wealth High Governance Capital Ltda cut its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 94.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,668 shares of the basic materials company’s stock after selling 237,332 shares during the quarter. Wealth High Governance Capital Ltda’s holdings in Cameco were worth $651,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Dantai Capital Ltd boosted its holdings in Cameco by 44.2% during the 3rd quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock valued at $2,735,000 after acquiring an additional 17,560 shares during the period. Roberts Wealth Advisors LLC purchased a new stake in Cameco during the 4th quarter valued at about $895,000. Whalen Wealth Management Inc. purchased a new stake in Cameco during the 4th quarter valued at about $445,000. Sprott Inc. boosted its holdings in Cameco by 44.5% during the 4th quarter. Sprott Inc. now owns 111,896 shares of the basic materials company’s stock valued at $5,750,000 after acquiring an additional 34,483 shares during the period. Finally, iA Global Asset Management Inc. purchased a new stake in Cameco during the 3rd quarter valued at about $5,305,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CCJ. Royal Bank of Canada reiterated an “outperform” rating and issued a $90.00 price objective on shares of Cameco in a report on Tuesday, March 4th. StockNews.com cut Cameco from a “hold” rating to a “sell” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, six have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $71.25.

Cameco Trading Up 2.6 %

CCJ opened at $41.70 on Wednesday. The stock has a market cap of $18.15 billion, a PE ratio of 148.91 and a beta of 1.04. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average of $48.40 and a 200-day moving average of $50.01. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26. The business had revenue of $845.54 million during the quarter, compared to analysts’ expectations of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. Equities research analysts predict that Cameco Co. will post 1.27 earnings per share for the current fiscal 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.