Exchange Traded Concepts LLC Has $15.64 Million Stake in Cameco Co. (NYSE:CCJ)

Exchange Traded Concepts LLC boosted its stake in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 76.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 380,088 shares of the basic materials company's stock after purchasing an additional 165,191 shares during the quarter. Exchange Traded Concepts LLC owned 0.09% of Cameco worth $15,644,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Larson Financial Group LLC raised its position in shares of Cameco by 37.4% during the fourth quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company's stock valued at $43,000 after buying an additional 226 shares during the last quarter. Two Sigma Investments LP increased its stake in Cameco by 0.5% during the fourth quarter. Two Sigma Investments LP now owns 50,438 shares of the basic materials company's stock valued at $2,592,000 after acquiring an additional 238 shares during the period. Heritage Wealth Management Inc. lifted its position in shares of Cameco by 0.8% in the 4th quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company's stock worth $1,587,000 after acquiring an additional 250 shares during the period. EdgeRock Capital LLC grew its holdings in shares of Cameco by 2.2% during the 4th quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company's stock worth $719,000 after purchasing an additional 297 shares in the last quarter. Finally, Highview Capital Management LLC DE increased its position in shares of Cameco by 5.0% during the fourth quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company's stock valued at $321,000 after purchasing an additional 300 shares during the period. 70.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on CCJ shares. UBS Group reaffirmed a "buy" rating on shares of Cameco in a research report on Tuesday, June 10th. Stifel Nicolaus assumed coverage on shares of Cameco in a report 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 note on Wednesday, March 12th. The Goldman Sachs Group increased their price target on shares of Cameco from $65.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Glj Research reaffirmed a "buy" rating and set a $75.27 price objective on shares of Cameco in a report on Thursday. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Cameco currently has an average rating of "Buy" and an average target price of $75.63.

Cameco Price Performance

Shares of NYSE CCJ traded up $0.46 during mid-day trading on Friday, hitting $66.60. 5,079,823 shares of the stock were exchanged, compared to its average volume of 4,360,634. Cameco Co. has a twelve month low of $35.00 and a twelve month high of $68.12. The stock's fifty day simple moving average is $50.71 and its two-hundred day simple moving average is $49.51. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The company has a market cap of $28.99 billion, a P/E ratio of 237.85 and a beta of 0.97.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings results 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). 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 analyst estimates of $890.07 million. During the same period in the prior year, the business earned $0.13 earnings per share. The company's revenue for the quarter was up 24.4% on a year-over-year basis. As a group, analysts forecast that Cameco Co. will post 1.27 EPS for the current fiscal year.

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.