Nikko Asset Management Americas Inc. Has $24.08 Million Holdings in Cameco Co. (NYSE:CCJ)

Nikko Asset Management Americas Inc. lessened its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 11.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 468,574 shares of the basic materials company’s stock after selling 62,147 shares during the quarter. Nikko Asset Management Americas Inc.’s holdings in Cameco were worth $24,080,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new stake in Cameco during the 4th quarter worth $25,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Cameco in the 4th quarter valued at about $28,000. Whipplewood Advisors LLC acquired a new stake in shares of Cameco in the 4th quarter valued at about $33,000. Pingora Partners LLC acquired a new stake in shares of Cameco in the 3rd quarter valued at about $33,000. Finally, Compass Planning Associates Inc acquired a new stake in shares of Cameco in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Price Performance

NYSE:CCJ opened at $42.44 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The stock’s 50-day simple moving average is $47.80 and its 200 day simple moving average is $50.03. The company has a market cap of $18.47 billion, a P/E ratio of 151.55 and a beta of 1.04. Cameco Co. has a 52-week low of $35.43 and a 52-week high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results 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 business had revenue of $845.54 million during the quarter, compared to analysts’ expectations of $1.09 billion. As a group, sell-side analysts forecast that Cameco Co. will post 1.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $90.00 price target on shares of Cameco in a research note on Tuesday, March 4th. StockNews.com downgraded Cameco from a “hold” rating to a “sell” rating in a research note on Tuesday, March 11th. Stifel Canada raised Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. Stifel Nicolaus assumed coverage on Cameco in a research note on Wednesday, March 12th. They issued a “buy” rating on the stock. Finally, Glj Research lifted their price target on Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $73.64.

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.