Westerkirk Capital Inc. Sells 17,100 Shares of Cameco Corporation $CCJ

Westerkirk Capital Inc. decreased its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 93.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,220 shares of the basic materials company’s stock after selling 17,100 shares during the period. Westerkirk Capital Inc.’s holdings in Cameco were worth $112,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Bison Wealth LLC lifted its stake in Cameco by 16.1% in the 4th quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company’s stock valued at $1,102,000 after purchasing an additional 2,975 shares during the last quarter. AQR Capital Management LLC lifted its stake in Cameco by 16.6% in the 1st quarter. AQR Capital Management LLC now owns 9,547 shares of the basic materials company’s stock valued at $393,000 after purchasing an additional 1,361 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in Cameco by 48.7% in the 1st quarter. Integrated Wealth Concepts LLC now owns 8,485 shares of the basic materials company’s stock valued at $349,000 after purchasing an additional 2,780 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Cameco by 11.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 604,841 shares of the basic materials company’s stock valued at $24,895,000 after purchasing an additional 64,512 shares during the last quarter. Finally, NewGen Equity Long Short Fund acquired a new stake in Cameco in the 2nd quarter valued at about $14,252,000. Institutional investors own 70.21% of the company’s stock.

Cameco Trading Down 3.2%

Shares of CCJ stock opened at $102.10 on Wednesday. The firm has a 50 day moving average price of $113.68 and a two-hundred day moving average price of $108.92. 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 company has a market capitalization of $44.47 billion, a PE ratio of 94.54, a price-to-earnings-growth ratio of 1.79 and a beta of 0.99. Cameco Corporation has a 12-month low of $62.59 and a 12-month high of $135.24.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CCJ shares. Scotiabank reiterated an “outperform” rating and issued a $175.00 target price on shares of Cameco in a research note on Wednesday, May 6th. TD Securities downgraded shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Weiss Ratings downgraded shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Barclays started coverage on shares of Cameco in a research note on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 target price for the company. Finally, Zacks Research downgraded shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.62.

About Cameco

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.