Cameco Corporation $CCJ Shares Sold by Synovus Financial Corp

Synovus Financial Corp lowered its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 23.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,309 shares of the basic materials company’s stock after selling 18,170 shares during the period. Synovus Financial Corp’s holdings in Cameco were worth $4,974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Consulate Inc. acquired a new stake in Cameco in the third quarter valued at approximately $25,000. Armstrong Advisory Group Inc. raised its holdings in shares of Cameco by 110.3% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 347 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 182 shares in the last quarter. VSM Wealth Advisory LLC purchased a new stake in shares of Cameco during the 2nd quarter worth $35,000. Creative Financial Designs Inc. ADV grew its stake in shares of Cameco by 936.2% during the second quarter. Creative Financial Designs Inc. ADV now owns 487 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 440 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Cameco during the third quarter worth $37,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Trading Up 1.7%

NYSE CCJ opened at $121.05 on Friday. The firm’s fifty day moving average is $108.19 and its two-hundred day moving average is $92.95. Cameco Corporation has a one year low of $35.00 and a one year high of $135.24. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.85 and a current ratio of 2.47. The firm has a market cap of $52.72 billion, a PE ratio of 124.62 and a beta of 0.99.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly 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 firm had revenue of $874.57 million for the quarter, compared to analyst estimates of $782.13 million. Cameco had a return on equity of 9.35% and a net margin of 17.00%.The business’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company posted $0.36 earnings per share. Analysts expect that Cameco Corporation will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Royal Bank Of Canada raised their price target on Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday. Sanford C. Bernstein reissued an “outperform” rating and set a $147.00 target price on shares of Cameco in a research report on Thursday, February 5th. Scotiabank reaffirmed an “outperform” rating on shares of Cameco in a report on Wednesday, October 29th. Raymond James Financial reiterated an “outperform” rating on shares of Cameco in a research note on Wednesday, January 14th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $131.00 price objective on shares of Cameco in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $143.03.

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.