K.J. Harrison & Partners Inc Decreases Stake in Cameco Co. (NYSE:CCJ)

K.J. Harrison & Partners Inc lessened its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 83.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 5,557 shares of the basic materials company’s stock after selling 28,020 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Cameco were worth $273,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in shares of Cameco in the fourth quarter valued at $35,700,000. Daiwa Securities Group Inc. bought a new position in Cameco during the fourth quarter valued at $112,000. Atria Wealth Solutions Inc. increased its holdings in shares of Cameco by 60.2% in the 4th quarter. Atria Wealth Solutions Inc. now owns 11,066 shares of the basic materials company’s stock worth $477,000 after buying an additional 4,158 shares during the last quarter. Truist Financial Corp increased its holdings in shares of Cameco by 19.7% in the 4th quarter. Truist Financial Corp now owns 24,667 shares of the basic materials company’s stock worth $1,063,000 after buying an additional 4,061 shares during the last quarter. Finally, Eagle Wealth Strategies LLC purchased a new stake in shares of Cameco during the 4th quarter valued at about $482,000. Institutional investors own 70.21% of the company’s stock.

Cameco Trading Down 2.8 %

Shares of NYSE CCJ traded down $1.19 during mid-day trading on Wednesday, reaching $40.71. The company had a trading volume of 2,946,253 shares, compared to its average volume of 4,367,104. The stock has a market cap of $17.72 billion, a price-to-earnings ratio of 104.79 and a beta of 0.92. Cameco Co. has a 52 week low of $35.18 and a 52 week high of $56.24. The business’s 50-day moving average is $45.76 and its 200-day moving average is $46.77. The company has a current ratio of 3.22, a quick ratio of 0.69 and a debt-to-equity ratio of 0.23.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). Cameco had a return on equity of 5.63% and a net margin of 9.72%. The company had revenue of $598.00 million during the quarter, compared to the consensus estimate of $756.00 million. During the same quarter in the prior year, the company earned ($0.01) earnings per share. Cameco’s revenue was up 24.1% on a year-over-year basis. Equities analysts expect that Cameco Co. will post 1.06 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CCJ shares. Cantor Fitzgerald upgraded Cameco from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group increased their price target on Cameco from $56.00 to $62.00 and gave the company a “buy” rating in a report on Friday, June 7th. Scotiabank cut their price objective on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Glj Research restated a “buy” rating and issued a $63.73 target price on shares of Cameco in a report on Wednesday, August 14th. Finally, Bank of America upped their price target on shares of Cameco from $59.00 to $60.50 and gave the company a “buy” rating in a report on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Cameco currently has an average rating of “Moderate Buy” and an average price target of $65.37.

About Cameco

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.