Cameco Co. (NYSE:CCJ) Short Interest Update

Cameco Co. (NYSE:CCJ) (TSE:CCO) saw a large decrease in short interest in March. As of March 31st, there was short interest totalling 20,020,000 shares, a decrease of 8.2% from the March 15th total of 21,800,000 shares. Currently, 4.6% of the company’s stock are short sold. Based on an average daily trading volume, of 5,260,000 shares, the days-to-cover ratio is presently 3.8 days.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CCJ shares. Cantor Fitzgerald lowered shares of Cameco from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 19th. StockNews.com cut shares of Cameco from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. Finally, The Goldman Sachs Group initiated coverage on Cameco in a research note on Monday, April 1st. They set a “buy” rating and a $55.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $62.75.

Institutional Investors Weigh In On Cameco

Large investors have recently added to or reduced their stakes in the business. Capital World Investors boosted its holdings in Cameco by 402.0% in the 1st quarter. Capital World Investors now owns 10,131,797 shares of the basic materials company’s stock valued at $295,084,000 after purchasing an additional 8,113,385 shares during the period. FMR LLC lifted its position in shares of Cameco by 21.6% during the 3rd quarter. FMR LLC now owns 27,418,564 shares of the basic materials company’s stock worth $1,087,629,000 after buying an additional 4,865,085 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Cameco by 37.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,068,688 shares of the basic materials company’s stock valued at $497,555,000 after purchasing an additional 4,644,453 shares in the last quarter. Norges Bank bought a new stake in shares of Cameco during the fourth quarter worth $72,843,000. Finally, Nuveen Asset Management LLC acquired a new position in shares of Cameco during the fourth quarter worth $129,258,000. Institutional investors own 70.21% of the company’s stock.

Cameco Trading Down 0.3 %

NYSE:CCJ traded down $0.14 during trading hours on Tuesday, hitting $48.18. The stock had a trading volume of 4,572,199 shares, compared to its average volume of 5,280,047. The business’s 50 day moving average is $43.65 and its 200-day moving average is $43.39. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 1.55. The company has a market cap of $20.92 billion, a price-to-earnings ratio of 80.30 and a beta of 0.92. Cameco has a one year low of $25.11 and a one year high of $52.64.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). Cameco had a return on equity of 5.61% and a net margin of 13.97%. The company had revenue of $620.00 million for the quarter. Sell-side analysts anticipate that Cameco will post 1.55 EPS 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.