Cameco Co. (NYSE:CCJ) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lessened its holdings in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,372,496 shares of the basic materials company's stock after selling 7,100 shares during the period. Mackenzie Financial Corp owned approximately 0.32% of Cameco worth $70,494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in Cameco during the fourth quarter valued at $188,595,000. FMR LLC grew its position in Cameco by 8.7% during the fourth quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock valued at $1,163,942,000 after buying an additional 1,811,876 shares during the period. Driehaus Capital Management LLC grew its position in Cameco by 120.2% during the fourth quarter. Driehaus Capital Management LLC now owns 2,245,539 shares of the basic materials company's stock valued at $115,398,000 after buying an additional 1,225,966 shares during the period. Alliancebernstein L.P. grew its position in Cameco by 13.5% during 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 during the period. Finally, AGF Management Ltd. grew its position in Cameco by 54.2% during the fourth quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company's stock valued at $174,433,000 after buying an additional 1,193,266 shares during the period. Hedge funds and other institutional investors own 70.21% of the company's stock.

Cameco Stock Down 2.0%

CCJ traded down $1.17 during trading hours on Friday, hitting $57.98. 2,751,871 shares of the company's stock were exchanged, compared to its average volume of 4,217,506. 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 $62.55. The firm has a market cap of $25.24 billion, a P/E ratio of 206.80 and a beta of 0.89. The firm has a 50 day moving average of $45.99 and a 200 day moving average of $49.12.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings results 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 return on equity of 4.34% and a net margin of 5.39%. The firm had revenue of $549.58 million for the quarter, compared to analyst estimates of $890.07 million. During the same quarter last year, the firm earned $0.13 EPS. The company's revenue was up 24.4% on a year-over-year basis. Analysts predict that Cameco Co. will post 1.27 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CCJ. Glj Research lifted their target price 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. Desjardins began coverage on shares of Cameco in a research report on Friday, April 4th. They issued a "buy" rating on the stock. Wall Street Zen upgraded shares of 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. Finally, Sanford C. Bernstein began coverage on shares of Cameco in a research report on Tuesday, April 1st. They set an "outperform" rating and a $52.00 price target on the stock. One 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 data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $70.53.

Cameco 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.