Captrust Financial Advisors increased its position in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 53.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 74,795 shares of the basic materials company's stock after buying an additional 26,105 shares during the quarter. Captrust Financial Advisors' holdings in Cameco were worth $3,844,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in CCJ. BW Gestao de Investimentos Ltda. purchased a new stake in shares of Cameco in the fourth quarter worth approximately $377,000. Baird Financial Group Inc. bought a new position in shares of Cameco in the fourth quarter valued at approximately $2,390,000. BNP Paribas grew its holdings in shares of Cameco by 3.5% in the fourth quarter. BNP Paribas now owns 28,676 shares of the basic materials company's stock valued at $1,474,000 after acquiring an additional 976 shares in the last quarter. Anson Funds Management LP bought a new position in shares of Cameco in the fourth quarter valued at approximately $514,000. Finally, AXA S.A. grew its holdings in shares of Cameco by 433.8% in the fourth quarter. AXA S.A. now owns 20,194 shares of the basic materials company's stock valued at $1,038,000 after acquiring an additional 16,411 shares in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.
Cameco Trading Up 1.6%
Shares of CCJ traded up $0.80 during trading hours on Tuesday, hitting $51.96. The company had a trading volume of 4,566,657 shares, compared to its average volume of 4,091,787. The firm has a market cap of $22.62 billion, a P/E ratio of 185.57 and a beta of 0.89. The stock's 50 day moving average price is $42.90 and its 200 day moving average price is $48.88. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. Cameco Co. has a 52-week low of $35.00 and a 52-week high of $62.55.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings data 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 company had revenue of $549.58 million during the quarter, compared to analysts' expectations of $890.07 million. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The firm's quarterly revenue was up 24.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.13 EPS. On average, research analysts predict that Cameco Co. will post 1.27 EPS for the current year.
Wall Street Analyst Weigh In
Several brokerages have weighed in on CCJ. Glj Research increased their price objective on Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a report on Wednesday, March 12th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $90.00 price target on shares of Cameco in a report on Tuesday, March 4th. Stifel Nicolaus initiated coverage on Cameco in a research note on Wednesday, March 12th. They set a "buy" rating for the company. Sanford C. Bernstein initiated coverage on Cameco in a research note on Tuesday, April 1st. They set an "outperform" rating and a $52.00 price objective for the company. Finally, Stifel Canada raised Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $70.03.
Get Our Latest Analysis on CCJ
About Cameco
(
Free Report)
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.
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