PNC Financial Services Group Inc. Has $7.88 Million Stake in Cameco Co. (NYSE:CCJ)

PNC Financial Services Group Inc. decreased its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,400 shares of the basic materials company’s stock after selling 1,572 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Cameco were worth $7,883,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Sierra Ocean LLC acquired a new stake in shares of Cameco during the 4th quarter worth approximately $25,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Cameco during the fourth quarter valued at approximately $28,000. Pingora Partners LLC acquired a new position in Cameco during the third quarter valued at approximately $33,000. Whipplewood Advisors LLC acquired a new position in Cameco during the fourth quarter valued at approximately $33,000. Finally, Compass Planning Associates Inc acquired a new position in Cameco during the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Performance

Shares of CCJ opened at $41.70 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $62.55. The firm’s 50 day moving average price is $48.40 and its two-hundred day moving average price is $50.01. The firm has a market cap of $18.15 billion, a P/E ratio of 148.91 and a beta of 1.04.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The firm had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. On average, analysts forecast that Cameco Co. will post 1.27 EPS for the current fiscal year.

Analyst Ratings Changes

CCJ has been the subject of a number of analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $90.00 price objective on shares of Cameco in a report on Tuesday, March 4th. StockNews.com cut shares of Cameco from a “hold” rating to a “sell” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $71.25.

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.