Cameco Corporation $CCJ Stock Position Lowered by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd decreased its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 52.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 731,519 shares of the basic materials company’s stock after selling 806,052 shares during the period. Temasek Holdings Private Ltd’s holdings in Cameco were worth $61,345,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CCJ. Financial Consulate Inc. acquired a new stake in Cameco during the 3rd quarter valued at $25,000. Armstrong Advisory Group Inc. boosted its position in shares of Cameco by 110.3% in the third quarter. Armstrong Advisory Group Inc. now owns 347 shares of the basic materials company’s stock worth $29,000 after buying an additional 182 shares during the period. VSM Wealth Advisory LLC acquired a new stake in shares of Cameco in the second quarter worth $35,000. Cullen Frost Bankers Inc. purchased a new position in shares of Cameco during the third quarter valued at $37,000. Finally, Tobam grew its holdings in shares of Cameco by 389.1% during the third quarter. Tobam now owns 450 shares of the basic materials company’s stock valued at $38,000 after buying an additional 358 shares in the last quarter. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CCJ. The Goldman Sachs Group reissued a “buy” rating and issued a $131.00 price objective on shares of Cameco in a research note on Wednesday, February 4th. Weiss Ratings raised Cameco from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $147.00 target price on shares of Cameco in a report on Thursday, February 5th. Royal Bank Of Canada increased their price target on shares of Cameco from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. Finally, Canadian Imperial Bank of Commerce raised their price target on shares of Cameco to $202.00 in a report on Monday, March 9th. Thirteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cameco presently has a consensus rating of “Moderate Buy” and an average target price of $150.40.

Cameco Price Performance

Shares of NYSE:CCJ opened at $107.92 on Friday. The company has a current ratio of 2.47, a quick ratio of 1.68 and a debt-to-equity ratio of 0.14. Cameco Corporation has a 1 year low of $35.00 and a 1 year high of $135.24. The business has a fifty day simple moving average of $116.55 and a 200 day simple moving average of $97.63. The firm has a market cap of $47.00 billion, a price-to-earnings ratio of 111.26 and a beta of 0.98.

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

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.