Cameco Corp. (CCJ) Stake Boosted by TD Asset Management Inc.
TD Asset Management Inc. raised its position in Cameco Corp. (NYSE:CCJ) (TSE:CCO) by 2.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,365,295 shares of the company’s stock after buying an additional 72,292 shares during the period. TD Asset Management Inc.’s holdings in Cameco Corp. were worth $28,704,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the company. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its stake in shares of Cameco Corp. by 2.7% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 3,814,780 shares of the company’s stock worth $54,132,000 after buying an additional 98,900 shares during the last quarter. Tocqueville Asset Management L.P. raised its stake in shares of Cameco Corp. by 0.4% in the second quarter. Tocqueville Asset Management L.P. now owns 1,385,724 shares of the company’s stock worth $15,201,000 after buying an additional 5,075 shares during the last quarter. Foundation Resource Management Inc. acquired a new stake in shares of Cameco Corp. during the third quarter worth $7,445,000. IFP Advisors Inc raised its stake in shares of Cameco Corp. by 7.2% in the second quarter. IFP Advisors Inc now owns 10,073 shares of the company’s stock worth $111,000 after buying an additional 678 shares during the last quarter. Finally, Capital Fund Management S.A. raised its stake in shares of Cameco Corp. by 2,952.3% in the second quarter. Capital Fund Management S.A. now owns 393,804 shares of the company’s stock worth $4,320,000 after buying an additional 380,902 shares during the last quarter. Hedge funds and other institutional investors own 54.09% of the company’s stock.
Cameco Corp. (NYSE:CCJ) traded up 0.88% during mid-day trading on Wednesday, hitting $9.15. 511,916 shares of the stock were exchanged. The stock has a 50 day moving average of $8.39 and a 200-day moving average of $9.70. Cameco Corp. has a 52-week low of $7.41 and a 52-week high of $13.59. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 68.80 and a beta of 1.42.
Cameco Corp. (NYSE:CCJ) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.08. The company earned $670 million during the quarter, compared to the consensus estimate of $494.13 million. Cameco Corp. had a return on equity of 3.70% and a net margin of 2.73%. Cameco Corp.’s revenue was up 3.2% on a year-over-year basis. During the same period last year, the company earned $0.20 earnings per share. Equities analysts predict that Cameco Corp. will post $0.57 EPS for the current fiscal year.
A number of equities research analysts have recently weighed in on CCJ shares. Zacks Investment Research lowered shares of Cameco Corp. from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 11th. Scotiabank restated a “sector perform” rating and issued a $13.50 price objective on shares of Cameco Corp. in a report on Thursday, September 22nd. RBC Capital Markets restated an “outperform” rating and issued a $14.00 price objective on shares of Cameco Corp. in a report on Tuesday, November 1st. TD Securities reiterated a “hold” rating and set a $12.00 price target on shares of Cameco Corp. in a report on Thursday, November 24th. Finally, TheStreet upgraded shares of Cameco Corp. from a “sell” rating to a “hold” rating in a report on Monday, November 14th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $14.96.
About Cameco Corp.
Cameco Corporation (Cameco) is a uranium producer. The Company is engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Company operates through three segments: uranium, fuel services and NUKEM.
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