OMERS ADMINISTRATION Corp Increases Stock Holdings in Cameco Co. (NYSE:CCJ)

OMERS ADMINISTRATION Corp lifted its stake in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 39.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,700 shares of the basic materials company's stock after acquiring an additional 5,300 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Cameco were worth $961,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC bought a new position in shares of Cameco in the fourth quarter worth approximately $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 position in Cameco in the 4th quarter worth $28,000. Whipplewood Advisors LLC bought a new position in Cameco in the 4th quarter worth $33,000. Finally, Compass Planning Associates Inc purchased a new stake in Cameco in the 4th quarter worth $36,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $90.00 price objective on shares of Cameco in a research note on Tuesday, March 4th. Stifel Nicolaus assumed coverage on Cameco in a research note on Wednesday, March 12th. They issued a "buy" rating for the company. Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. The Goldman Sachs Group assumed coverage on shares of Cameco in a research report on Tuesday. They set a "buy" rating and a $65.00 target price for the company. Finally, Glj Research raised their target price on shares of Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a research note on Wednesday, March 12th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $70.53.

Cameco Price Performance

Shares of CCJ stock traded down $0.20 on Wednesday, reaching $52.20. The company's stock had a trading volume of 3,068,597 shares, compared to its average volume of 4,102,068. The stock's fifty day simple moving average is $44.11 and its 200-day simple moving average is $48.84. Cameco Co. has a 1 year low of $35.00 and a 1 year high of $62.55. The company has a market capitalization of $22.72 billion, a price-to-earnings ratio of 186.41 and a beta of 0.89. 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 (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). Cameco had a net margin of 5.39% and a return on equity of 4.34%. The business had revenue of $549.58 million for the quarter, compared to the consensus estimate of $890.07 million. During the same quarter last year, the business earned $0.13 EPS. Cameco's revenue for the quarter was up 24.4% compared to the same quarter last year. Analysts forecast that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

About Cameco

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.