K.J. Harrison & Partners Inc Sells 8,000 Shares of Cameco Corporation $CCJ

K.J. Harrison & Partners Inc reduced its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 52.3% during the third quarter, Holdings Channel.com reports. The fund owned 7,307 shares of the basic materials company’s stock after selling 8,000 shares during the period. K.J. Harrison & Partners Inc’s holdings in Cameco were worth $615,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CCJ. Intech Investment Management LLC boosted its stake in shares of Cameco by 3.8% in the 3rd quarter. Intech Investment Management LLC now owns 500,699 shares of the basic materials company’s stock valued at $42,031,000 after purchasing an additional 18,261 shares during the last quarter. US Bancorp DE lifted its holdings in Cameco by 4.5% in the third quarter. US Bancorp DE now owns 29,381 shares of the basic materials company’s stock valued at $2,464,000 after buying an additional 1,274 shares during the period. TD Asset Management Inc lifted its holdings in Cameco by 116.7% in the third quarter. TD Asset Management Inc now owns 4,622,932 shares of the basic materials company’s stock valued at $388,068,000 after buying an additional 2,489,207 shares during the period. Waratah Capital Advisors Ltd. bought a new stake in Cameco during the third quarter valued at $1,884,000. Finally, Strata Wealth Advisors LLC acquired a new stake in Cameco during the 3rd quarter worth about $200,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Trading Down 1.3%

NYSE CCJ opened at $118.15 on Friday. The company has a quick ratio of 1.68, a current ratio of 2.47 and a debt-to-equity ratio of 0.14. Cameco Corporation has a 52 week low of $35.00 and a 52 week high of $135.24. The business has a 50 day moving average price of $111.35 and a 200-day moving average price of $94.46. The company has a market cap of $51.46 billion, a price-to-earnings ratio of 121.80 and a beta of 0.99.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Friday, February 13th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07. The company had revenue of $874.57 million for the quarter, compared to analysts’ expectations of $782.13 million. Cameco had a return on equity of 9.35% and a net margin of 17.00%.Cameco’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the business earned $0.36 EPS. As a group, equities analysts expect that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Glj Research restated a “buy” rating and set a $171.20 target price (up from $100.00) on shares of Cameco in a research report on Wednesday, February 18th. UBS Group initiated coverage on Cameco in a research note on Monday, November 10th. They issued a “neutral” rating and a $140.00 price target on the stock. Sanford C. Bernstein restated an “outperform” rating and set a $147.00 price target on shares of Cameco in a report on Thursday, February 5th. Royal Bank Of Canada lifted their price objective on shares of Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Finally, Zacks Research lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.03.

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.