Banco BTG Pactual S.A. Decreases Stake in Cameco Co. (NYSE:CCJ)

Banco BTG Pactual S.A. lowered its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 44.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 44,505 shares of the basic materials company’s stock after selling 35,750 shares during the quarter. Banco BTG Pactual S.A.’s holdings in Cameco were worth $2,321,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in CCJ. Sierra Ocean LLC acquired a new stake in Cameco in the fourth quarter valued at $25,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Cameco in the 4th quarter valued at about $28,000. Pingora Partners LLC purchased a new position in Cameco during the 3rd quarter valued at about $33,000. Whipplewood Advisors LLC acquired a new position in Cameco during the fourth quarter worth about $33,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of Cameco in the fourth quarter valued at about $36,000. 70.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on CCJ shares. Stifel Nicolaus assumed coverage on Cameco in a research report on Wednesday, March 12th. They set a “buy” rating for the company. Glj Research lifted their price objective on Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research report on Wednesday, March 12th. Royal Bank of Canada restated an “outperform” rating and issued a $90.00 target price on shares of Cameco in a report on Tuesday, March 4th. StockNews.com upgraded shares of Cameco from a “sell” rating to a “hold” rating in a report on Wednesday, March 19th. Finally, Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $73.64.

Cameco Stock Down 2.8 %

Shares of NYSE CCJ opened at $44.47 on Wednesday. The stock has a market capitalization of $19.36 billion, a PE ratio of 158.82 and a beta of 1.04. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The firm has a fifty day moving average of $46.88 and a 200-day moving average of $50.28. Cameco Co. has a 52-week low of $35.43 and a 52-week high of $62.55.

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

Cameco 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.