Galibier Capital Management Ltd. Takes $11.66 Million Position in Cameco Corporation (NYSE:CCJ)

Galibier Capital Management Ltd. purchased a new stake in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 283,159 shares of the basic materials company's stock, valued at approximately $11,655,000. Cameco accounts for 3.6% of Galibier Capital Management Ltd.'s holdings, making the stock its 14th biggest position. Galibier Capital Management Ltd. owned approximately 0.07% of Cameco at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CCJ. Hurley Capital LLC purchased a new stake in shares of Cameco during the 4th quarter worth about $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Cameco during the 4th quarter worth approximately $28,000. Copia Wealth Management acquired a new position in Cameco during the 4th quarter worth approximately $39,000. Ameriflex Group Inc. acquired a new position in Cameco during the 4th quarter worth approximately $40,000. Finally, Larson Financial Group LLC lifted its position in Cameco by 37.4% during the 4th quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company's stock worth $43,000 after acquiring an additional 226 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Glj Research reissued a "buy" rating and set a $75.27 price target on shares of Cameco in a research report on Thursday, June 12th. Scotiabank reissued an "outperform" rating on shares of Cameco in a research report on Tuesday, July 8th. The Goldman Sachs Group boosted their price target on Cameco from $65.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, June 11th. Royal Bank Of Canada boosted their price target on Cameco from $90.00 to $100.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. Finally, Wall Street Zen raised Cameco from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $80.65.

Cameco Stock Performance

Shares of CCJ stock traded up $1.84 on Friday, hitting $72.66. 4,030,292 shares of the stock traded hands, compared to its average volume of 4,571,949. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.70 and a quick ratio of 1.26. The company has a market capitalization of $31.63 billion, a PE ratio of 181.65 and a beta of 1.03. Cameco Corporation has a 1-year low of $35.00 and a 1-year high of $75.42. The company's fifty day moving average is $62.58 and its 200 day moving average is $51.66.

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 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). Cameco had a return on equity of 4.47% and a net margin of 7.50%. The company had revenue of $549.58 million for the quarter, compared to the consensus estimate of $890.07 million. During the same quarter in the previous year, the company earned $0.13 earnings per share. Cameco's quarterly revenue was up 24.4% compared to the same quarter last year. On average, equities research analysts predict that Cameco Corporation 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.