TD Asset Management Inc. decreased its holdings in shares of Cameco Corp (NYSE:CCJ) (TSE:CCO) by 16.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,181,724 shares of the basic materials company’s stock after selling 437,654 shares during the period. TD Asset Management Inc. owned approximately 0.55% of Cameco worth $24,728,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Quadrant Capital Group LLC boosted its stake in Cameco by 284.6% during the fourth quarter. Quadrant Capital Group LLC now owns 6,850 shares of the basic materials company’s stock valued at $74,000 after buying an additional 5,069 shares during the period. Banco de Sabadell S.A lifted its stake in Cameco by 100.0% during the third quarter. Banco de Sabadell S.A now owns 10,000 shares of the basic materials company’s stock worth $131,000 after purchasing an additional 5,000 shares during the last quarter. MML Investors Services LLC bought a new stake in Cameco during the third quarter worth about $120,000. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in Cameco during the third quarter worth about $125,000. Finally, Ayalon Holdings Ltd. bought a new stake in Cameco during the third quarter worth about $149,000. 48.42% of the stock is owned by institutional investors.
NYSE CCJ opened at $12.34 on Friday. Cameco Corp has a 1-year low of $8.34 and a 1-year high of $13.04. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.14 and a quick ratio of 1.57. The stock has a market capitalization of $5.02 billion, a PE ratio of 32.54 and a beta of 0.96.
Several equities research analysts have issued reports on the company. Zacks Investment Research lowered Cameco from a “buy” rating to a “hold” rating in a research note on Friday. Rosenblatt Securities lowered Cameco to a “hold” rating in a research note on Monday, November 5th. Bank of America lowered Cameco to a “sell” rating in a research note on Thursday, December 20th. TheStreet raised Cameco from a “d+” rating to a “c” rating in a research note on Monday, November 5th. Finally, Royal Bank of Canada lifted their price target on Cameco from $15.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Monday, November 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.33.
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Cameco Corporation produces and sells uranium worldwide. The company operates through three segments: Uranium, Fuel Services, and NUKEM. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrates. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; the Inkai property situated in Kazakhstan; the Smith Ranch-Highland property located in Wyoming, the United States; and the Crow Butte property situated in Nebraska, the United States.
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