Madison Asset Management LLC Has $4.21 Million Stake in Cameco Corporation (NYSE:CCJ)

Madison Asset Management LLC boosted its holdings in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 67.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 102,202 shares of the basic materials company's stock after acquiring an additional 41,270 shares during the period. Madison Asset Management LLC's holdings in Cameco were worth $4,207,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Country Club Bank lifted its holdings in shares of Cameco by 0.5% in the first quarter. Country Club Bank now owns 43,553 shares of the basic materials company's stock valued at $1,822,000 after purchasing an additional 224 shares in the last quarter. Two Sigma Investments LP lifted its holdings in shares of Cameco by 0.5% in 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 purchasing an additional 238 shares in the last quarter. Highview Capital Management LLC DE lifted its holdings in shares of Cameco by 5.0% in 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 in the last quarter. MinichMacGregor Wealth Management LLC lifted its holdings in shares of Cameco by 5.0% in the first quarter. MinichMacGregor Wealth Management LLC now owns 6,372 shares of the basic materials company's stock valued at $262,000 after purchasing an additional 304 shares in the last quarter. Finally, Freedom Investment Management Inc. lifted its holdings in shares of Cameco by 5.3% in the fourth quarter. Freedom Investment Management Inc. now owns 6,230 shares of the basic materials company's stock valued at $320,000 after purchasing an additional 312 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors.

Cameco Stock Performance

NYSE:CCJ traded down $0.32 on Friday, hitting $79.60. The company's stock had a trading volume of 3,506,117 shares, compared to its average volume of 4,917,817. The company has a current ratio of 2.70, a quick ratio of 1.26 and a debt-to-equity ratio of 0.15. The stock has a fifty day moving average of $68.07 and a two-hundred day moving average of $53.44. The firm has a market capitalization of $34.66 billion, a P/E ratio of 199.00 and a beta of 1.03. Cameco Corporation has a one year low of $35.00 and a one year high of $80.06.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released 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). The business had revenue of $549.58 million during the quarter, compared to the consensus estimate of $890.07 million. Cameco had a net margin of 7.50% and a return on equity of 4.47%. Cameco's quarterly revenue was up 24.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 EPS. Research analysts predict that Cameco Corporation will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CCJ. Desjardins began coverage on Cameco in a report on Friday, April 4th. They issued a "buy" rating on the stock. Royal Bank Of Canada boosted their price target on Cameco from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Friday, June 20th. The Goldman Sachs Group upped their target price on Cameco from $65.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. Raymond James Financial reiterated an "outperform" rating on shares of Cameco in a report on Wednesday, June 18th. Finally, Sanford C. Bernstein set a $70.00 target price on Cameco and gave the stock an "outperform" rating in a report on Tuesday, June 10th. One equities research 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. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $80.65.

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.