PNC Financial Services Group Inc. Sells 1,572 Shares of Cameco Co. (NYSE:CCJ)

PNC Financial Services Group Inc. lessened its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 1.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 153,400 shares of the basic materials company’s stock after selling 1,572 shares during the period. PNC Financial Services Group Inc.’s holdings in Cameco were worth $7,883,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CCJ. CIBC Asset Management Inc lifted its position in shares of Cameco by 58.0% in the third quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock worth $181,382,000 after purchasing an additional 1,386,639 shares in the last quarter. Segra Capital Management LLC bought a new stake in shares of Cameco in the third quarter worth $53,013,000. Fred Alger Management LLC lifted its position in shares of Cameco by 99.7% in the third quarter. Fred Alger Management LLC now owns 1,680,259 shares of the basic materials company’s stock worth $80,249,000 after purchasing an additional 839,077 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Cameco during the fourth quarter worth $34,440,000. Finally, Massachusetts Financial Services Co. MA raised its position in Cameco by 44.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,151,105 shares of the basic materials company’s stock worth $102,737,000 after acquiring an additional 664,828 shares in the last quarter. Institutional investors own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $90.00 price target on shares of Cameco in a research report on Tuesday, March 4th. StockNews.com lowered shares of Cameco from a “hold” rating to a “sell” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Cameco presently has an average rating of “Buy” and an average price target of $71.25.

Cameco Price Performance

NYSE:CCJ opened at $41.70 on Wednesday. Cameco Co. has a one year low of $35.43 and a one year high of $62.55. The company has a market cap of $18.15 billion, a P/E ratio of 148.91 and a beta of 1.04. The firm’s fifty day moving average price is $48.40 and its two-hundred day moving average price is $50.01. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26.

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, meeting the consensus estimate of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The firm had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. Equities analysts expect that Cameco Co. will post 1.27 earnings per share for the current year.

Cameco Company 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.