Cameco Co. (NYSE:CCJ) Shares Bought by Gordian Capital Singapore Pte Ltd

Gordian Capital Singapore Pte Ltd lifted its stake in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 276.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,400 shares of the basic materials company's stock after acquiring an additional 14,980 shares during the period. Gordian Capital Singapore Pte Ltd's holdings in Cameco were worth $1,048,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sierra Ocean LLC acquired a new stake in shares of Cameco during the 4th quarter worth about $25,000. Hurley Capital LLC acquired a new position in Cameco in the fourth quarter valued at $27,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Cameco during the fourth quarter worth about $28,000. Whipplewood Advisors LLC acquired a new stake in Cameco in the 4th quarter worth about $33,000. Finally, Compass Planning Associates Inc purchased a new stake in Cameco in the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 70.21% of the company's stock.

Cameco Price Performance

Shares of CCJ opened at $52.20 on Thursday. 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 $22.72 billion, a price-to-earnings ratio of 186.41 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 stock has a 50 day moving average of $44.31 and a 200-day moving average of $48.86.

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 analysts' consensus estimates of $0.18 by ($0.07). The business had revenue of $549.58 million during the quarter, compared to analyst estimates of $890.07 million. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The business's revenue for the quarter was up 24.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 EPS. As a group, analysts forecast that Cameco Co. will post 1.27 EPS for the current year.

Wall Street Analyst Weigh In

CCJ has been the topic of several research analyst reports. StockNews.com raised shares of Cameco from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Sanford C. Bernstein initiated coverage on Cameco in a research note on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 target price for the company. Desjardins initiated coverage on Cameco in a research report on Friday, April 4th. They set a "buy" rating on the stock. Glj Research increased their price objective on shares of Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a research report on Wednesday, March 12th. Finally, Scotiabank restated an "outperform" rating on shares of Cameco in a research note on Wednesday, May 14th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, Cameco presently has an average 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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