NBC Securities Inc. Buys 56,435 Shares of Cameco Co. (NYSE:CCJ)

NBC Securities Inc. raised its holdings in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 102,609.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 56,490 shares of the basic materials company's stock after acquiring an additional 56,435 shares during the quarter. NBC Securities Inc.'s holdings in Cameco were worth $2,325,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of Cameco by 8.7% in the fourth quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock worth $1,163,942,000 after purchasing an additional 1,811,876 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Cameco by 1.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,846,044 shares of the basic materials company's stock valued at $865,729,000 after buying an additional 190,337 shares during the period. Vanguard Group Inc. raised its position in shares of Cameco by 1.6% during the fourth 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 last quarter. Alliancebernstein L.P. lifted its stake 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 worth $518,443,000 after acquiring an additional 1,196,336 shares during the period. Finally, Norges Bank acquired a new position in shares of Cameco in the fourth quarter worth approximately $188,595,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CCJ has been the subject of a number of recent analyst reports. Glj Research increased 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. Scotiabank reiterated an "outperform" rating on shares of Cameco in a research report on Wednesday, May 14th. Stifel Nicolaus assumed coverage on shares of Cameco in a research note on Wednesday, March 12th. They set a "buy" rating for the company. Stifel Canada raised shares of Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Finally, Sanford C. Bernstein initiated coverage on Cameco in a research report on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 price objective for the company. One 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 currently has an average rating of "Buy" and a consensus target price of $70.53.

Cameco Stock Up 2.6%

NYSE CCJ traded up $1.53 during mid-day trading on Tuesday, hitting $59.71. The company's stock had a trading volume of 5,816,935 shares, compared to its average volume of 4,232,264. 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 company's 50 day simple moving average is $46.57 and its 200 day simple moving average is $49.13. Cameco Co. has a twelve month low of $35.00 and a twelve month high of $62.55. The firm has a market capitalization of $25.99 billion, a price-to-earnings ratio of 213.25 and a beta of 0.89.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its 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 business had revenue of $549.58 million for the quarter, compared to the consensus estimate of $890.07 million. During the same period in the previous year, the firm earned $0.13 earnings per share. The company's revenue was up 24.4% on a year-over-year basis. Analysts anticipate that Cameco Co. will post 1.27 earnings per share for the current 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.