BW Gestao de Investimentos Ltda. Takes Position in Cameco Co. (NYSE:CCJ)

BW Gestao de Investimentos Ltda. bought a new stake in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,332 shares of the basic materials company's stock, valued at approximately $377,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC boosted its position in shares of Cameco by 8.7% in the 4th quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock worth $1,163,942,000 after purchasing an additional 1,811,876 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Cameco by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 16,784,270 shares of the basic materials company's stock worth $862,997,000 after acquiring an additional 270,102 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Cameco by 13.5% during the fourth quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company's stock worth $518,443,000 after acquiring an additional 1,196,336 shares during the last quarter. Norges Bank purchased a new position in shares of Cameco in the 4th quarter valued at approximately $188,595,000. Finally, AGF Management Ltd. boosted its stake in Cameco by 54.2% in the 4th quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company's stock worth $174,433,000 after purchasing an additional 1,193,266 shares in the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on CCJ shares. StockNews.com cut shares of Cameco from a "hold" rating to a "sell" rating in a report on Monday. Royal Bank of Canada reiterated an "outperform" rating and set a $90.00 price target on shares of Cameco in a research note on Tuesday, March 4th. Sanford C. Bernstein began coverage on Cameco in a research note on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 price objective for the company. Glj Research upped their target price on Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a research report on Wednesday, March 12th. Finally, Stifel Nicolaus assumed coverage on shares of Cameco in a research report on Wednesday, March 12th. They set a "buy" rating for the company. One equities research analyst has rated the stock with a sell rating, nine have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $70.03.

Cameco Stock Performance

Cameco stock traded up $1.74 during mid-day trading on Tuesday, hitting $48.15. The company had a trading volume of 5,738,686 shares, compared to its average volume of 4,069,069. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $20.96 billion, a price-to-earnings ratio of 171.95 and a beta of 0.89. The company's fifty day moving average is $42.28 and its 200-day moving average is $49.06. Cameco Co. has a 12-month low of $35.00 and a 12-month high of $62.55.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07). The firm had revenue of $549.58 million for the quarter, compared to analyst estimates of $890.07 million. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The firm's quarterly revenue was up 24.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.13 EPS. Equities research analysts predict that Cameco Co. will post 1.27 EPS for the current year.

Cameco Company Profile

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.