Natixis Advisors LLC Decreases Stock Holdings in Cameco Corporation $CCJ

Natixis Advisors LLC trimmed its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 26.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 56,817 shares of the basic materials company’s stock after selling 20,893 shares during the quarter. Natixis Advisors LLC’s holdings in Cameco were worth $5,198,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CCJ. Nisa Investment Advisors LLC purchased a new position in shares of Cameco in the 4th quarter valued at approximately $25,000. Founders Capital Management acquired a new position in Cameco during the 4th quarter valued at approximately $27,000. Strategic Advocates LLC acquired a new position in Cameco during the 3rd quarter valued at approximately $28,000. Sunbelt Securities Inc. increased its stake in Cameco by 928.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 325 shares in the last quarter. Finally, Delos Wealth Advisors LLC increased its stake in Cameco by 60.0% during the 3rd quarter. Delos Wealth Advisors LLC now owns 400 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 150 shares in the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Stock Performance

CCJ opened at $105.35 on Tuesday. Cameco Corporation has a 12-month low of $62.59 and a 12-month high of $135.24. The company has a current ratio of 3.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $45.88 billion, a PE ratio of 97.54, a P/E/G ratio of 1.75 and a beta of 0.99. The firm has a 50 day moving average of $113.71 and a two-hundred day moving average of $108.81.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The company had revenue of $607.49 million during the quarter, compared to analyst estimates of $598.63 million. During the same period last year, the firm posted $0.16 EPS. Cameco’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, analysts anticipate that Cameco Corporation will post 1.31 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on CCJ. Scotiabank reissued an “outperform” rating and issued a $175.00 target price on shares of Cameco in a research report on Wednesday, May 6th. Zacks Research downgraded Cameco from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Royal Bank Of Canada upped their target price on Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. William Blair began coverage on Cameco in a research report on Monday, April 20th. They issued an “outperform” rating on the stock. Finally, Glj Research reissued a “buy” rating and issued a $171.20 target price (up from $100.00) on shares of Cameco in a research report on Wednesday, February 18th. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Cameco currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.62.

Cameco Profile

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.