Verus Capital Partners LLC Cuts Position in Cameco Co. (NYSE:CCJ)

Verus Capital Partners LLC lessened its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 29.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,025 shares of the basic materials company’s stock after selling 7,100 shares during the period. Verus Capital Partners LLC’s holdings in Cameco were worth $738,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Foster Victor Wealth Advisors LLC purchased a new stake in Cameco during the 4th quarter worth approximately $3,956,000. Vanguard Group Inc. increased its stake in Cameco by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 15,548,514 shares of the basic materials company’s stock worth $616,343,000 after buying an additional 236,212 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Cameco by 6.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,422,754 shares of the basic materials company’s stock worth $581,558,000 after buying an additional 869,404 shares in the last quarter. Bornite Capital Management LP purchased a new stake in Cameco during the 4th quarter worth approximately $6,590,000. Finally, Eaton Financial Holdings Company LLC purchased a new stake in shares of Cameco in the fourth quarter valued at approximately $1,327,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CCJ. StockNews.com lowered Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. Bank of America upped their price objective on Cameco from $59.00 to $60.50 and gave the company a “buy” rating in a report on Wednesday, June 26th. Finally, The Goldman Sachs Group upped their price objective on Cameco from $56.00 to $62.00 and gave the company a “buy” rating in a report on Friday, June 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Cameco has a consensus rating of “Moderate Buy” and an average target price of $63.70.

Cameco Trading Down 1.6 %

NYSE:CCJ traded down $0.83 during trading hours on Tuesday, reaching $51.39. 627,230 shares of the stock were exchanged, compared to its average volume of 4,334,403. The company has a market capitalization of $22.36 billion, a price-to-earnings ratio of 132.64 and a beta of 0.91. The company has a quick ratio of 0.69, a current ratio of 1.42 and a debt-to-equity ratio of 0.17. Cameco Co. has a twelve month low of $31.18 and a twelve month high of $56.24. The business has a 50-day moving average of $51.98 and a two-hundred day moving average of $47.58.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.23). The company had revenue of $470.29 million during the quarter. Cameco had a net margin of 9.28% and a return on equity of 4.60%. On average, equities analysts predict that Cameco Co. will post 1.31 EPS for the current 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.