Cameco Co. (NYSE:CCJ) Shares Sold by Truist Financial Corp

Truist Financial Corp reduced its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 9.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 26,117 shares of the basic materials company’s stock after selling 2,785 shares during the quarter. Truist Financial Corp’s holdings in Cameco were worth $1,285,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of CCJ. LRI Investments LLC acquired a new stake in shares of Cameco in the first quarter valued at approximately $26,000. Larson Financial Group LLC boosted its holdings in shares of Cameco by 99.3% in the first quarter. Larson Financial Group LLC now owns 1,204 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 600 shares during the period. Crewe Advisors LLC acquired a new stake in shares of Cameco during the first quarter worth $87,000. BNP Paribas acquired a new stake in shares of Cameco during the first quarter worth $93,000. Finally, Creekmur Asset Management LLC acquired a new stake in shares of Cameco during the fourth quarter worth $97,000. 70.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CCJ shares. Scotiabank decreased their price target on Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a report on Friday, October 4th. Glj Research reaffirmed a “buy” rating and set a $63.73 price target on shares of Cameco in a report on Wednesday, August 14th. Bank of America increased their price target on Cameco from $59.00 to $60.50 and gave the stock a “buy” rating in a report on Wednesday, June 26th. Finally, Cantor Fitzgerald upgraded Cameco from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Cameco currently has an average rating of “Buy” and a consensus target price of $66.56.

Cameco Trading Up 1.7 %

NYSE:CCJ opened at $51.35 on Friday. The stock has a fifty day moving average price of $42.77 and a two-hundred day moving average price of $47.27. The stock has a market capitalization of $22.35 billion, a price-to-earnings ratio of 131.67 and a beta of 0.90. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.48 and a current ratio of 3.22. Cameco Co. has a 1 year low of $35.43 and a 1 year high of $56.24.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). Cameco had a net margin of 9.72% and a return on equity of 5.63%. The firm had revenue of $598.00 million during the quarter, compared to analysts’ expectations of $756.00 million. During the same quarter in the prior year, the business earned ($0.01) EPS. The company’s quarterly revenue was up 24.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cameco Co. will post 0.83 earnings per share for the current fiscal 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.