Cameco Corporation $CCJ Shares Sold by Madison Asset Management LLC

Madison Asset Management LLC trimmed its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 32.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,851 shares of the basic materials company’s stock after selling 18,779 shares during the quarter. Madison Asset Management LLC’s holdings in Cameco were worth $3,646,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Nisa Investment Advisors LLC acquired a new position in shares of Cameco in the 4th quarter worth $25,000. Founders Capital Management acquired a new stake in shares of Cameco in the fourth quarter worth $27,000. Strategic Advocates LLC acquired a new stake in shares of Cameco in the third quarter worth $28,000. Sunbelt Securities Inc. boosted its position 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 worth $30,000 after buying an additional 325 shares during the period. Finally, Delos Wealth Advisors LLC boosted its position in shares of Cameco by 60.0% in the third quarter. Delos Wealth Advisors LLC now owns 400 shares of the basic materials company’s stock worth $34,000 after buying an additional 150 shares during the period. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CCJ has been the subject of several recent analyst reports. TD Securities cut Cameco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Royal Bank Of Canada raised their target price on Cameco from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. William Blair initiated coverage on Cameco in a research report on Monday, April 20th. They issued an “outperform” rating for the company. Glj Research reaffirmed a “buy” rating and issued a $171.20 target price (up from $100.00) on shares of Cameco in a research report on Wednesday, February 18th. Finally, Scotiabank reaffirmed an “outperform” rating and issued a $175.00 target price on shares of Cameco in a research report on Wednesday, May 6th. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $153.13.

Cameco Price Performance

CCJ opened at $115.56 on Thursday. The stock has a market cap of $50.33 billion, a price-to-earnings ratio of 107.00, a PEG ratio of 1.97 and a beta of 1.04. Cameco Corporation has a 1 year low of $50.03 and a 1 year 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. The stock has a fifty day moving average price of $114.62 and a 200 day moving average price of $106.90.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The firm had revenue of $607.49 million during 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 revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 earnings per share. Analysts forecast that Cameco Corporation will post 1.32 EPS 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.