JCIC Asset Management Inc. Has $3.73 Million Position in Cameco Corporation (NYSE:CCJ)

JCIC Asset Management Inc. grew its holdings in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 129,352.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 90,617 shares of the basic materials company's stock after purchasing an additional 90,547 shares during the period. Cameco makes up approximately 1.6% of JCIC Asset Management Inc.'s investment portfolio, making the stock its 22nd largest holding. JCIC Asset Management Inc.'s holdings in Cameco were worth $3,731,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Hurley Capital LLC acquired a new position in shares of Cameco during the 4th quarter valued at $27,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Cameco during the fourth quarter valued at about $28,000. Whipplewood Advisors LLC acquired a new position in Cameco during the fourth quarter worth about $33,000. Copia Wealth Management acquired a new position in Cameco during the fourth quarter worth about $39,000. Finally, Ameriflex Group Inc. bought a new stake in Cameco in the fourth quarter worth about $40,000. 70.21% of the stock is currently owned by institutional investors.

Cameco Stock Down 1.2%

Shares of CCJ traded down $0.87 during mid-day trading on Wednesday, reaching $71.47. The company's stock had a trading volume of 3,949,312 shares, compared to its average volume of 4,435,099. Cameco Corporation has a 1 year low of $35.00 and a 1 year high of $72.79. The company has a quick ratio of 1.26, a current ratio of 2.70 and a debt-to-equity ratio of 0.15. The company has a market cap of $31.11 billion, a price-to-earnings ratio of 178.68 and a beta of 0.97. The business has a fifty day moving average of $54.92 and a 200 day moving average of $50.00.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.07). Cameco had a return on equity of 4.47% and a net margin of 7.50%. The business had revenue of $549.58 million during the quarter, compared to analysts' expectations of $890.07 million. During the same period in the prior year, the company posted $0.13 earnings per share. The firm's revenue was up 24.4% on a year-over-year basis. As a group, analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CCJ has been the topic of several recent research reports. Sanford C. Bernstein set a $70.00 price objective on shares of Cameco and gave the stock an "outperform" rating in a research note on Tuesday, June 10th. Raymond James Financial restated an "outperform" rating on shares of Cameco in a report on Wednesday, June 18th. Stifel Canada raised Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. Wall Street Zen upgraded Cameco from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Finally, Royal Bank Of Canada lifted their target price on Cameco from $90.00 to $100.00 and gave the stock an "outperform" rating in a report on Friday, June 20th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Cameco has a consensus rating of "Buy" and a consensus target price of $77.30.

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.