Cameco Corporation $CCJ Holdings Reduced by Jennison Associates LLC

Jennison Associates LLC decreased its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 13.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 449,577 shares of the basic materials company’s stock after selling 68,067 shares during the period. Jennison Associates LLC’s holdings in Cameco were worth $41,132,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Consulate Inc. bought a new position in Cameco in the 3rd quarter worth about $25,000. Nisa Investment Advisors LLC bought a new position in Cameco in the 4th quarter worth about $25,000. Founders Capital Management bought a new position in shares of Cameco in the fourth quarter valued at approximately $27,000. Strategic Advocates LLC bought a new position in shares of Cameco in the third quarter valued at approximately $28,000. Finally, Sunbelt Securities Inc. boosted its holdings in shares of Cameco by 928.6% in the third quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 325 shares in the last quarter. Institutional investors own 70.21% of the company’s stock.

Analysts Set New Price Targets

CCJ has been the subject of several recent analyst reports. TD Securities cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Glj Research reiterated a “buy” rating and issued a $171.20 price objective (up from $100.00) on shares of Cameco in a report on Wednesday, February 18th. William Blair initiated coverage on shares of Cameco in a report on Monday, April 20th. They issued an “outperform” rating for the company. Sanford C. Bernstein reiterated an “outperform” rating and issued a $147.00 price objective on shares of Cameco in a report on Thursday, February 5th. Finally, Canadian Imperial Bank of Commerce increased their price objective on shares of Cameco to $202.00 in a report on Monday, March 9th. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $150.40.

Cameco Stock Down 2.2%

CCJ stock opened at $120.39 on Friday. Cameco Corporation has a 12 month low of $45.42 and a 12 month high of $135.24. The firm has a market cap of $52.44 billion, a PE ratio of 124.12, a P/E/G ratio of 2.28 and a beta of 1.04. The firm has a 50 day simple moving average of $114.95 and a 200 day simple moving average of $105.19. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.47 and a quick ratio of 1.68.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Friday, February 13th. The basic materials company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.29 by $0.07. Cameco had a net margin of 17.00% and a return on equity of 9.35%. The business had revenue of $874.57 million during the quarter, compared to analyst estimates of $782.13 million. During the same period in the prior year, the business earned $0.36 earnings per share. The business’s quarterly revenue was up 1.5% on a year-over-year basis. Equities research analysts forecast that Cameco Corporation will post 1.2 earnings per share for the current fiscal year.

Cameco Company 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.