Guardian Capital Advisors LP lessened its stake in Cameco Co. (NYSE:CCJ – Get Rating) (TSE:CCO) by 2.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,528 shares of the basic materials company’s stock after selling 700 shares during the period. Guardian Capital Advisors LP’s holdings in Cameco were worth $873,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Cameco by 37.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,068,688 shares of the basic materials company’s stock valued at $497,555,000 after acquiring an additional 4,644,453 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Cameco by 3.4% during the 3rd quarter. Vanguard Group Inc. now owns 13,470,408 shares of the basic materials company’s stock valued at $357,100,000 after acquiring an additional 441,552 shares during the last quarter. William Blair Investment Management LLC raised its position in shares of Cameco by 9.8% during the 4th quarter. William Blair Investment Management LLC now owns 11,205,706 shares of the basic materials company’s stock valued at $254,033,000 after acquiring an additional 997,313 shares during the last quarter. Capital World Investors raised its position in shares of Cameco by 402.0% during the 1st quarter. Capital World Investors now owns 10,131,797 shares of the basic materials company’s stock valued at $295,084,000 after acquiring an additional 8,113,385 shares during the last quarter. Finally, Pendal Group Ltd raised its position in shares of Cameco by 21.6% during the 4th quarter. Pendal Group Ltd now owns 4,382,644 shares of the basic materials company’s stock valued at $99,341,000 after acquiring an additional 777,878 shares during the last quarter. Institutional investors own 53.82% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have commented on the stock. Raymond James upped their target price on shares of Cameco to C$50.00 in a research report on Monday, May 1st. StockNews.com upgraded shares of Cameco from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th. Finally, TD Securities upped their price objective on shares of Cameco from C$50.00 to C$51.00 in a research report on Monday, May 1st.
Cameco Price Performance
Cameco (NYSE:CCJ – Get Rating) (TSE:CCO) last announced its earnings results on Friday, April 28th. The basic materials company reported $0.20 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.20. The firm had revenue of $508.09 million during the quarter. Cameco had a net margin of 7.84% and a return on equity of 4.26%. Research analysts predict that Cameco Co. will post 0.89 earnings per share for the current fiscal year.
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.
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