Cameco Co. (NYSE:CCJ) Holdings Cut by Foundation Resource Management Inc.

Foundation Resource Management Inc. reduced its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 0.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 861,087 shares of the basic materials company’s stock after selling 404 shares during the period. Cameco makes up 4.5% of Foundation Resource Management Inc.’s investment portfolio, making the stock its 7th biggest position. Foundation Resource Management Inc. owned about 0.20% of Cameco worth $26,978,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Clearview Wealth Advisors LLC bought a new stake in shares of Cameco in the first quarter worth about $25,000. Global Retirement Partners LLC boosted its position in shares of Cameco by 291.3% during the first quarter. Global Retirement Partners LLC now owns 1,209 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 900 shares in the last quarter. Ahrens Investment Partners LLC purchased a new stake in shares of Cameco in the 1st quarter worth about $37,000. 1832 Asset Management L.P. boosted its stake in Cameco by 61.9% during the first quarter. 1832 Asset Management L.P. now owns 1,700 shares of the basic materials company’s stock worth $49,000 after acquiring an additional 650 shares in the last quarter. Finally, Princeton Global Asset Management LLC lifted its holdings in shares of Cameco by 8,000.0% during the first quarter. Princeton Global Asset Management LLC now owns 2,025 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 2,000 shares during the last quarter. 66.57% of the stock is owned by hedge funds and other institutional investors.

Cameco Price Performance

Shares of NYSE CCJ traded down $1.10 during mid-day trading on Tuesday, hitting $39.31. 2,168,889 shares of the company’s stock traded hands, compared to its average volume of 4,287,621. The company has a market capitalization of $17.05 billion, a P/E ratio of 266.27, a PEG ratio of 1.09 and a beta of 1.00. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.64 and a quick ratio of 3.00. The company’s 50-day moving average is $35.10 and its two-hundred day moving average is $30.28. Cameco Co. has a 1 year low of $21.02 and a 1 year high of $41.65.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.16 by ($0.17). Cameco had a return on equity of 2.74% and a net margin of 4.67%. The firm had revenue of $482.00 million for the quarter, compared to analysts’ expectations of $636.37 million. During the same period in the previous year, the firm earned $0.14 earnings per share. The firm’s quarterly revenue was down 13.6% compared to the same quarter last year. On average, equities analysts anticipate that Cameco Co. will post 0.63 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on CCJ. Cantor Fitzgerald cut Cameco from a “buy” rating to a “hold” rating in a research report on Tuesday, September 5th. Raymond James boosted their price target on Cameco from C$52.00 to C$56.00 in a research note on Thursday, September 14th. Scotiabank reduced their target price on shares of Cameco from C$50.00 to C$49.00 in a report on Wednesday, June 28th. Canaccord Genuity Group boosted their price target on Cameco from $49.50 to $56.00 and gave the company a “buy” rating in a report on Tuesday, September 5th. Finally, Bank of America raised their target price on shares of Cameco from C$50.00 to C$59.00 and gave the stock a “buy” rating in a research note on Tuesday, September 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.00.

Cameco Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through two segments, Uranium and Fuel Services. 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.