Cameco Corporation (USA) (CCJ) : Tradewinds Global Investors reduced its stake in Cameco Corporation (USA) by 2.98% during the most recent quarter end. The investment management company now holds a total of 2,427,877 shares of Cameco Corporation (USA) which is valued at $23,647,522 after selling 74,608 shares in Cameco Corporation (USA) , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Cameco Corporation (USA) makes up approximately 1.43% of Tradewinds Global Investors’s portfolio.
Other Hedge Funds, Including , Massmutual Trust Co Fsbadv sold out all of its stake in CCJ during the most recent quarter. The investment firm sold 1,014 shares of CCJ which is valued $9,876. First Personal Financial Services added CCJ to its portfolio by purchasing 116 company shares during the most recent quarter which is valued at $1,124.Anchor Capital Advisors reduced its stake in CCJ by selling 402,948 shares or 17.07% in the most recent quarter. The Hedge Fund company now holds 1,957,062 shares of CCJ which is valued at $18,552,948. Cameco Corporation (USA) makes up approx 0.48% of Anchor Capital Advisors’s portfolio.Capital Fund Management S.a. boosted its stake in CCJ in the latest quarter, The investment management firm added 380,902 additional shares and now holds a total of 393,804 shares of Cameco Corporation (USA) which is valued at $4,186,137. Cameco Corporation (USA) makes up approx 0.07% of Capital Fund Management S.a.’s portfolio. Mitchell Sinkler Starrpa sold out all of its stake in CCJ during the most recent quarter. The investment firm sold 10,700 shares of CCJ which is valued $114,276.
Cameco Corporation (USA) closed down -0.1 points or -1.05% at $9.45 with 14,17,512 shares getting traded on Friday. Post opening the session at $9.49, the shares hit an intraday low of $9.43 and an intraday high of $9.56 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Cameco Corporation (USA) reported $-0.14 EPS for the quarter, missing the analyst consensus estimate by $ -0.30 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.16. The company had revenue of $466.00 million for the quarter, compared to analysts expectations of $568.78 million. The company’s revenue was down -17.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.12 EPS.
Many Wall Street Analysts have commented on Cameco Corporation (USA). Shares were Reiterated by RBC Capital Mkts on Aug 10, 2016 to “Outperform” and Lowered the Price Target to $ 15 from a previous price target of $17 .Shares were Reiterated by RBC Capital Mkts on Jul 26, 2016 to “Outperform” and Lowered the Price Target to $ 17 from a previous price target of $20 .Cameco Corporation (USA) was Downgraded by BofA/Merrill to ” Underperform” on Jul 21, 2016.
Cameco Corporation (Cameco) is engaged in the exploration for and the development mining refining conversion fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Company operates through three segments: Uranium fuel services and NUKEM. The uranium segment involves the exploration for mining milling purchase and sale of uranium concentrate. The fuel services segment involves the refining conversion and fabrication of uranium concentrate and the purchase and sale of conversion services. The NUKEM segment acts as a market intermediary between uranium producers and nuclear-electric utilities. Cameco conducts a portion of its exploration development mining and milling activities through joint operations located around the world. Cameco’s Canadian uranium joint operation interests are McArthur River Key Lake and Cigar Lake.