SIR Capital Management L.P. Sells 66,700 Shares of Cameco Corporation $CCJ

SIR Capital Management L.P. cut its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 74.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,600 shares of the basic materials company’s stock after selling 66,700 shares during the quarter. SIR Capital Management L.P.’s holdings in Cameco were worth $2,068,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Legal & General Group Plc increased its stake in shares of Cameco by 4.6% in the third quarter. Legal & General Group Plc now owns 2,483,216 shares of the basic materials company’s stock valued at $208,450,000 after buying an additional 108,841 shares in the last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new stake in shares of Cameco in the fourth quarter valued at $1,974,000. Intech Investment Management LLC increased its stake in shares of Cameco by 3.8% in the third quarter. Intech Investment Management LLC now owns 500,699 shares of the basic materials company’s stock valued at $42,031,000 after buying an additional 18,261 shares in the last quarter. Caprock Group LLC acquired a new stake in shares of Cameco in the third quarter valued at $1,066,000. Finally, Vanguard Group Inc. increased its stake in shares of Cameco by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 18,059,335 shares of the basic materials company’s stock valued at $1,653,639,000 after buying an additional 258,193 shares in the last quarter. 70.21% of the stock is owned by institutional investors.

Cameco Price Performance

Shares of CCJ stock opened at $100.94 on Friday. The stock has a 50-day moving average price of $113.12 and a 200 day moving average price of $109.09. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14. The firm has a market cap of $43.96 billion, a price-to-earnings ratio of 93.47, a PEG ratio of 1.68 and a beta of 0.99. Cameco Corporation has a 12 month low of $64.84 and a 12 month high of $135.24.

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CCJ shares. Royal Bank Of Canada raised their target price on Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Canadian Imperial Bank of Commerce raised their target price on Cameco to $202.00 in a research note on Monday, March 9th. Scotiabank restated an “outperform” rating and issued a $175.00 target price on shares of Cameco in a research note on Wednesday, May 6th. Glj Research restated a “buy” rating and issued a $171.20 target price (up from $100.00) on shares of Cameco in a research note on Wednesday, February 18th. Finally, William Blair started coverage on Cameco in a research note on Monday, April 20th. They issued an “outperform” rating for the company. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.