Cameco Corporation $CCJ Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 85.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 34,163 shares of the basic materials company’s stock after selling 207,681 shares during the quarter. Hsbc Holdings PLC’s holdings in Cameco were worth $3,139,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of CCJ. Norges Bank bought a new stake in Cameco in the fourth quarter valued at about $443,265,000. Marshall Wace LLP lifted its holdings in Cameco by 7,481.3% during the 4th quarter. Marshall Wace LLP now owns 1,752,571 shares of the basic materials company’s stock worth $160,343,000 after buying an additional 1,729,454 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Cameco by 43.3% during the 3rd quarter. Van ECK Associates Corp now owns 5,443,807 shares of the basic materials company’s stock worth $456,530,000 after buying an additional 1,644,061 shares during the last quarter. Mizuho Markets Cayman LP acquired a new position in shares of Cameco in the 3rd quarter worth approximately $128,370,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Cameco by 14,338.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,112,080 shares of the basic materials company’s stock worth $101,744,000 after acquiring an additional 1,104,378 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Up 0.1%

NYSE:CCJ opened at $104.54 on Monday. The firm has a market capitalization of $45.53 billion, a PE ratio of 96.80, a price-to-earnings-growth ratio of 1.91 and a beta of 0.99. The stock has a 50 day moving average of $111.50 and a 200-day moving average of $110.46. Cameco Corporation has a 52 week low of $68.96 and a 52 week high of $135.24. The company has a current ratio of 3.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. The business had revenue of $607.49 million for the quarter, compared to analysts’ expectations of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 EPS. Analysts predict that Cameco Corporation will post 1.21 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Sanford C. Bernstein reissued an “outperform” rating and set a $135.00 price target on shares of Cameco in a research report on Monday, June 15th. TD Securities downgraded shares of Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Scotiabank reiterated an “outperform” rating and set a $175.00 target price on shares of Cameco in a research note on Wednesday, May 6th. Barclays started coverage on shares of Cameco in a research note on Thursday, May 21st. They set an “equal weight” rating and a $108.00 target price for the company. Finally, Weiss Ratings downgraded shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $147.42.

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.