Cameco Co. (NYSE:CCJ) Stake Trimmed by Sienna Gestion

Sienna Gestion cut its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 29.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,350 shares of the basic materials company’s stock after selling 10,939 shares during the quarter. Sienna Gestion’s holdings in Cameco were worth $1,354,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sierra Ocean LLC purchased a new stake in shares of Cameco in the 4th quarter valued at approximately $25,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Cameco during the 4th quarter valued at $28,000. Pingora Partners LLC purchased a new stake in shares of Cameco in the third quarter valued at $33,000. Whipplewood Advisors LLC acquired a new stake in shares of Cameco in the fourth quarter worth $33,000. Finally, Compass Planning Associates Inc purchased a new position in shares of Cameco during the fourth quarter valued at $36,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Down 2.0 %

CCJ stock opened at $41.75 on Friday. The firm has a market cap of $18.17 billion, a PE ratio of 149.09 and a beta of 1.04. Cameco Co. has a 1 year low of $35.43 and a 1 year high of $62.55. The company has a fifty day simple moving average of $48.01 and a 200 day simple moving average of $49.91. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.26. The company had revenue of $845.54 million during the quarter, compared to analysts’ expectations of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. Sell-side analysts anticipate that Cameco Co. will post 1.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CCJ. StockNews.com downgraded Cameco from a “hold” rating to a “sell” rating in a research note on Tuesday. Royal Bank of Canada restated an “outperform” rating and set a $90.00 price target on shares of Cameco in a report on Tuesday, March 4th. Glj Research lifted their target price on shares of Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a research note on Wednesday. Finally, Stifel Nicolaus started coverage on shares of Cameco in a research note on Wednesday. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $73.64.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.