Caisse DE Depot ET Placement DU Quebec Acquires New Shares in Cameco Co. (NYSE:CCJ)

Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 209,294 shares of the basic materials company's stock, valued at approximately $10,756,000.

Other hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC increased its position in shares of Cameco by 37.4% during the 4th quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company's stock valued at $43,000 after purchasing an additional 226 shares during the last quarter. Heritage Wealth Management Inc. increased its stake in shares of Cameco by 0.8% in the 4th quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company's stock worth $1,587,000 after purchasing an additional 250 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Cameco by 48.6% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company's stock worth $42,000 after purchasing an additional 267 shares during the period. EdgeRock Capital LLC lifted its position in Cameco by 2.2% during the fourth quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company's stock valued at $719,000 after purchasing an additional 297 shares in the last quarter. Finally, Highview Capital Management LLC DE lifted its position in shares of Cameco by 5.0% during the 4th quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company's stock valued at $321,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company's stock.

Cameco Trading Up 1.7 %

Shares of NYSE CCJ traded up $0.83 during midday trading on Friday, hitting $50.07. The company's stock had a trading volume of 1,633,165 shares, compared to its average volume of 4,062,083. The business's 50 day moving average is $42.56 and its two-hundred day moving average is $49.01. Cameco Co. has a 12-month low of $35.00 and a 12-month high of $62.55. 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 firm has a market cap of $21.80 billion, a P/E ratio of 178.82 and a beta of 0.89.

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 the consensus estimate of $0.18 by ($0.07). The business had revenue of $549.58 million for the quarter, compared to the consensus estimate of $890.07 million. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The firm's revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 earnings per share. As a group, equities research analysts expect that Cameco Co. will post 1.27 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on CCJ. Desjardins assumed coverage on shares of Cameco in a research note on Friday, April 4th. They issued a "buy" rating on the stock. Stifel Canada raised Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. Royal Bank of Canada reissued an "outperform" rating and issued a $90.00 target price on shares of Cameco in a report on Tuesday, March 4th. Glj Research upped their price target on shares of Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a research note on Wednesday, March 12th. Finally, Stifel Nicolaus started coverage on shares of Cameco in a research note on Wednesday, March 12th. They issued a "buy" rating for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Cameco presently has a consensus rating of "Buy" and an average price target of $70.03.

Cameco 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.