Deutsche Bank AG Has $32.82 Million Stake in Cameco Co. (NYSE:CCJ)

Deutsche Bank AG boosted its position in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 6.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 638,610 shares of the basic materials company's stock after acquiring an additional 40,667 shares during the quarter. Deutsche Bank AG owned 0.15% of Cameco worth $32,818,000 as of its most recent filing with the Securities & Exchange Commission.

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

Cameco Stock Down 0.9%

Shares of CCJ traded down $0.47 during trading hours on Monday, hitting $50.80. 694,211 shares of the company were exchanged, compared to its average volume of 4,102,467. The company has a market cap of $22.11 billion, a PE ratio of 181.47 and a beta of 0.89. Cameco Co. has a 52 week low of $35.00 and a 52 week high of $62.55. The firm's 50 day moving average is $43.73 and its 200-day moving average is $48.82. 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 announced its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.07). Cameco had a net margin of 5.39% and a return on equity of 4.34%. The firm had revenue of $549.58 million during the quarter, compared to analyst estimates of $890.07 million. During the same period last year, the firm earned $0.13 EPS. Cameco's quarterly revenue was up 24.4% on a year-over-year basis. On average, equities research analysts forecast that Cameco Co. will post 1.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CCJ shares. Royal Bank of Canada reiterated an "outperform" rating and set a $90.00 price objective on shares of Cameco in a report on Tuesday, March 4th. StockNews.com upgraded Cameco from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Stifel Nicolaus assumed coverage on Cameco in a research report on Wednesday, March 12th. They set a "buy" rating on the stock. Finally, Glj Research boosted their price objective on Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a research note on Wednesday, March 12th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Cameco presently has a consensus rating of "Buy" and a consensus price target 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.