American Century Companies Inc. Has $2.10 Million Stake in Cameco Co. (NYSE:CCJ)

American Century Companies Inc. lowered its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 4.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,646 shares of the basic materials company’s stock after selling 2,124 shares during the quarter. American Century Companies Inc.’s holdings in Cameco were worth $2,098,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bornite Capital Management LP bought a new position in Cameco in the 4th quarter worth approximately $6,590,000. Tidal Investments LLC increased its position in shares of Cameco by 15.5% in the first quarter. Tidal Investments LLC now owns 20,036 shares of the basic materials company’s stock valued at $868,000 after acquiring an additional 2,683 shares during the period. LRI Investments LLC purchased a new position in shares of Cameco in the first quarter valued at about $30,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Cameco during the first quarter valued at about $295,000. Finally, Councilmark Asset Management LLC purchased a new position in shares of Cameco during the first quarter valued at about $1,760,000. Institutional investors own 70.21% of the company’s stock.

Cameco Stock Down 0.2 %

Shares of CCJ stock opened at $47.98 on Friday. The stock’s 50-day simple moving average is $41.61 and its 200-day simple moving average is $46.66. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.48 and a current ratio of 3.22. The firm has a market capitalization of $20.88 billion, a PE ratio of 123.03 and a beta of 0.90. Cameco Co. has a fifty-two week low of $35.18 and a fifty-two week high of $56.24.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Wednesday, July 31st. The basic materials company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.14). Cameco had a return on equity of 5.63% and a net margin of 9.72%. The company had revenue of $598.00 million for the quarter, compared to analyst estimates of $756.00 million. During the same period last year, the business earned ($0.01) earnings per share. The firm’s revenue was up 24.1% on a year-over-year basis. Equities analysts expect that Cameco Co. will post 0.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CCJ has been the topic of several research reports. Scotiabank dropped their price objective on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Bank of America boosted their price objective on shares of Cameco from $59.00 to $60.50 and gave the company a “buy” rating in a report on Wednesday, June 26th. The Goldman Sachs Group upped their target price on shares of Cameco from $56.00 to $62.00 and gave the company a “buy” rating in a report on Friday, June 7th. Cantor Fitzgerald raised shares of Cameco from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 31st. Finally, Glj Research reissued a “buy” rating and set a $63.73 price target on shares of Cameco in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, five have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $67.25.

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.