Cameco Co. (NYSE:CCJ) Shares Sold by Banco BTG Pactual S.A.

Banco BTG Pactual S.A. cut its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 44.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 44,505 shares of the basic materials company’s stock after selling 35,750 shares during the period. Banco BTG Pactual S.A.’s holdings in Cameco were worth $2,321,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CCJ. Old West Investment Management LLC boosted its stake in shares of Cameco by 10.4% in the third quarter. Old West Investment Management LLC now owns 282,072 shares of the basic materials company’s stock valued at $13,472,000 after purchasing an additional 26,584 shares during the period. First Horizon Advisors Inc. boosted its position in Cameco by 84.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock valued at $37,000 after buying an additional 351 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Cameco by 3.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 902,640 shares of the basic materials company’s stock valued at $43,169,000 after acquiring an additional 29,617 shares in the last quarter. Cerity Partners LLC increased its position in shares of Cameco by 78.8% during the third quarter. Cerity Partners LLC now owns 20,920 shares of the basic materials company’s stock worth $999,000 after acquiring an additional 9,222 shares during the last quarter. Finally, Bank of Hawaii purchased a new position in Cameco in the third quarter valued at about $211,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CCJ shares. Stifel Canada raised Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $90.00 price objective on shares of Cameco in a research note on Tuesday, March 4th. StockNews.com upgraded shares of Cameco from a “sell” rating to a “hold” rating in a research note on Wednesday, March 19th. Glj Research lifted their price target on Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research note on Wednesday, March 12th. Finally, Stifel Nicolaus began coverage on Cameco in a research note on Wednesday, March 12th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $73.64.

Cameco Stock Performance

Shares of CCJ stock opened at $44.47 on Wednesday. The company has a market cap of $19.36 billion, a P/E ratio of 158.82 and a beta of 1.04. The business has a 50 day moving average of $46.88 and a two-hundred day moving average of $50.28. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $62.55. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, hitting 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. As a group, analysts anticipate that Cameco Co. will post 1.27 EPS for the current year.

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.