Cameco Co. (NYSE:CCJ) Stake Boosted by Deutsche Bank AG

Deutsche Bank AG raised its holdings in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 6.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 638,610 shares of the basic materials company's stock after purchasing an additional 40,667 shares during the period. Deutsche Bank AG owned about 0.15% of Cameco worth $32,818,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Norges Bank bought a new stake in shares of Cameco during the 4th quarter valued at about $188,595,000. FMR LLC increased its position in Cameco by 8.7% in the fourth quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock worth $1,163,942,000 after buying an additional 1,811,876 shares during the period. Driehaus Capital Management LLC lifted its stake in Cameco by 120.2% in the fourth quarter. Driehaus Capital Management LLC now owns 2,245,539 shares of the basic materials company's stock valued at $115,398,000 after buying an additional 1,225,966 shares during the last quarter. Alliancebernstein L.P. boosted its holdings 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 valued at $518,443,000 after acquiring an additional 1,196,336 shares during the period. Finally, AGF Management Ltd. grew its position in shares of Cameco by 54.2% during the fourth quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company's stock worth $174,433,000 after acquiring an additional 1,193,266 shares during the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Stock Performance

Cameco stock opened at $51.96 on Wednesday. Cameco Co. has a fifty-two week low of $35.00 and a fifty-two week high of $62.55. The firm's 50 day simple moving average is $43.09 and its 200-day simple moving average is $48.90. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The company has a market cap of $22.62 billion, a P/E ratio of 185.57 and a beta of 0.89.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings data 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). Cameco had a return on equity of 4.34% and a net margin of 5.39%. The firm had revenue of $549.58 million for the quarter, compared to analysts' expectations of $890.07 million. During the same quarter in the previous year, the firm posted $0.13 earnings per share. The company's revenue for the quarter was up 24.4% on a year-over-year basis. As a group, equities research analysts predict that Cameco Co. will post 1.27 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. StockNews.com raised shares of Cameco from a "sell" rating to a "hold" rating in a research note on Tuesday. Sanford C. Bernstein started coverage on Cameco in a report on Tuesday, April 1st. They set an "outperform" rating and a $52.00 price target on the stock. Desjardins began coverage on shares of Cameco in a research report on Friday, April 4th. They issued a "buy" rating for the company. Glj Research lifted their price target 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 started coverage on shares of Cameco in a report on Wednesday, March 12th. They issued a "buy" rating for the company. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $70.03.

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.

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