Anson Funds Management LP Acquires New Position in Cameco Co. (NYSE:CCJ)

Anson Funds Management LP acquired a new position in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,000 shares of the basic materials company's stock, valued at approximately $514,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sierra Ocean LLC acquired a new position in Cameco in the fourth quarter worth $25,000. Hurley Capital LLC purchased a new stake in shares of Cameco during the fourth quarter valued at $27,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Cameco in the 4th quarter valued at approximately $28,000. Whipplewood Advisors LLC acquired a new position in shares of Cameco in the 4th quarter valued at about $33,000. Finally, Compass Planning Associates Inc acquired a new stake in Cameco during the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 70.21% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CCJ shares. Stifel Nicolaus assumed coverage on Cameco in a research report on Wednesday, March 12th. They issued a "buy" rating for the company. Stifel Canada upgraded Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $90.00 price objective on shares of Cameco in a research note on Tuesday, March 4th. Glj Research lifted their price target on Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a report on Wednesday, March 12th. Finally, Sanford C. Bernstein initiated coverage on Cameco in a research note on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 target price for the company. One research analyst has rated the stock with a sell rating, nine have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $70.03.

Cameco Stock Down 0.3 %

NYSE:CCJ traded down $0.13 on Thursday, hitting $49.61. The stock had a trading volume of 2,739,854 shares, compared to its average volume of 4,059,500. Cameco Co. has a 1 year low of $35.00 and a 1 year high of $62.55. The firm's fifty day simple moving average is $42.39 and its two-hundred day simple moving average is $49.07. The stock has a market cap of $21.60 billion, a P/E ratio of 177.18 and a beta of 0.89. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.

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