Cameco Co. (NYSE:CCJ) is Foundation Resource Management Inc.'s 10th Largest Position

Foundation Resource Management Inc. reduced its position in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 3.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 552,209 shares of the basic materials company's stock after selling 20,576 shares during the quarter. Cameco accounts for approximately 3.6% of Foundation Resource Management Inc.'s holdings, making the stock its 10th biggest position. Foundation Resource Management Inc. owned about 0.13% of Cameco worth $22,729,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Sierra Ocean LLC bought a new position in Cameco in the 4th quarter worth approximately $25,000. Hurley Capital LLC bought a new position in Cameco in the 4th quarter worth approximately $27,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Cameco during the 4th quarter worth approximately $28,000. Whipplewood Advisors LLC purchased a new stake in shares of Cameco during the 4th quarter worth approximately $33,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of Cameco during the 4th quarter worth approximately $36,000. 70.21% of the stock is currently owned by institutional investors.

Cameco Stock Performance

Shares of Cameco stock opened at $60.44 on Monday. The firm has a market cap of $26.31 billion, a P/E ratio of 215.86 and a beta of 0.97. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. Cameco Co. has a 12 month low of $35.00 and a 12 month high of $64.48. The stock's fifty day moving average price is $48.02 and its 200-day moving average price is $49.19.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its 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 company had revenue of $549.58 million during the quarter, compared to analysts' expectations of $890.07 million. During the same quarter last year, the firm earned $0.13 EPS. Cameco's revenue for the quarter was up 24.4% on a year-over-year basis. On average, equities research analysts expect that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CCJ. Desjardins began coverage on Cameco in a report on Friday, April 4th. They set a "buy" rating on the stock. Stifel Canada raised Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. The Goldman Sachs Group began coverage on Cameco in a report on Tuesday, May 20th. They set a "buy" rating and a $65.00 price objective on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set a $90.00 price objective on shares of Cameco in a report on Tuesday, March 4th. Finally, Wall Street Zen raised Cameco from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $70.53.

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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