Cameco Corp (CCJ) Market Valuation Declined While Shah Capital Management Raised Stake

June 20, 2017 - By Darrin Black

Himanshu H. Shah increased its stake in Cameco Corp (CCJ) by 196.36% based on its latest 2016Q4 regulatory filing with the SEC. Shah Capital Management bought 441,800 shares as the company’s stock declined 16.04% while stock markets rallied. The hedge fund run by Himanshu H. Shah held 666,800 shares of the precious metals company at the end of 2016Q4, valued at $6.98M, up from 225,000 at the end of the previous reported quarter. Shah Capital Management who had been investing in Cameco Corp for a number of months, seems to be bullish on the $3.72B market cap company. It closed at $9.28 lastly. It is down 13.76% since June 20, 2016 and is downtrending. It has underperformed by 30.46% the S&P500.

More notable recent Cameco Corp (USA) (NYSE:CCJ) news were published by: Fool.ca which released: “Cameco Corp.: Should You Buy Today?” on May 31, 2017, also Fool.ca with their article: “Cameco Corp.: Will This Company Ever Rebound?” published on May 17, 2017, Fool.ca published: “Cameco Corp.: Should Contrarian Investors Buy Now?” on May 16, 2017. More interesting news about Cameco Corp (USA) (NYSE:CCJ) were released by: Fool.ca and their article: “Cameco Corp.: When Should You Buy?” published on May 04, 2017 as well as Fool.ca‘s news article titled: “When Will Cameco Corp. Be a Good Investment?” with publication date: June 08, 2017.

Cameco Corp (USA) (NYSE:CCJ) Ratings Coverage

Among 6 analysts covering Cameco (NYSE:CCJ), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. Cameco had 8 analyst reports since August 6, 2015 according to SRatingsIntel. Cowen & Co maintained the stock with “Market Perform” rating in Thursday, August 6 report. As per Wednesday, April 19, the company rating was maintained by Credit Suisse. Bank of America downgraded the stock to “Neutral” rating in Thursday, July 21 report. The stock of Cameco Corp (USA) (NYSE:CCJ) earned “Outperform” rating by RBC Capital Markets on Tuesday, November 3. As per Thursday, January 12, the company rating was upgraded by Bank of America. RBC Capital Markets downgraded the shares of CCJ in report on Thursday, February 2 to “Sector Perform” rating. The rating was downgraded by Scotia Capital to “Sector Perform” on Thursday, April 7. The firm has “Outperform” rating given on Tuesday, February 14 by BMO Capital Markets.

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