Tidal Investments LLC boosted its position in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 44.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,736 shares of the basic materials company's stock after purchasing an additional 11,340 shares during the period. Tidal Investments LLC's holdings in Cameco were worth $1,888,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in Cameco by 8.7% during the fourth quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock worth $1,163,942,000 after acquiring an additional 1,811,876 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Cameco by 1.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,846,044 shares of the basic materials company's stock worth $865,729,000 after buying an additional 190,337 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Cameco by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 16,784,270 shares of the basic materials company's stock worth $862,997,000 after acquiring an additional 270,102 shares during the period. Alliancebernstein L.P. increased its position in shares of Cameco by 13.5% in 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 buying an additional 1,196,336 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Cameco in the 4th quarter worth about $188,595,000. Hedge funds and other institutional investors own 70.21% of the company's stock.
Cameco Stock Performance
Shares of Cameco stock traded up $1.77 during trading on Tuesday, hitting $60.46. 13,919,492 shares of the stock were exchanged, compared to its average volume of 4,187,330. The stock has a market cap of $26.32 billion, a PE ratio of 215.93 and a beta of 0.89. The stock's fifty day moving average is $45.09 and its 200 day moving average is $48.91. Cameco Co. has a 12 month low of $35.00 and a 12 month high of $62.55. 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 issued its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). The company had revenue of $549.58 million for the quarter, compared to the consensus estimate of $890.07 million. Cameco had a net margin of 5.39% and a return on equity of 4.34%. Cameco's revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.13 earnings per share. As a group, sell-side analysts anticipate that Cameco Co. will post 1.27 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research firms have commented on CCJ. Scotiabank reaffirmed an "outperform" rating on shares of Cameco in a research note on Wednesday, May 14th. Stifel Canada upgraded Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. The Goldman Sachs Group started coverage on shares of Cameco in a report on Tuesday, May 20th. They set a "buy" rating and a $65.00 price objective on the stock. Stifel Nicolaus initiated coverage on shares of Cameco in a report on Wednesday, March 12th. They issued a "buy" rating for the company. Finally, Glj Research increased their price target on shares of Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research note on Wednesday, March 12th. One 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 data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $70.53.
Check Out Our Latest Research Report on CCJ
Cameco Profile
(
Free Report)
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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