Massachusetts Financial Services Co. MA Purchases 56,583 Shares of Cameco Corporation (NYSE:CCJ)

Massachusetts Financial Services Co. MA boosted its position in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 2.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,215,853 shares of the basic materials company's stock after purchasing an additional 56,583 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.51% of Cameco worth $91,205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in CCJ. Hurley Capital LLC bought a new stake in Cameco in the fourth quarter worth about $27,000. Copia Wealth Management bought a new position in Cameco in the 4th quarter valued at $39,000. Ameriflex Group Inc. purchased a new stake in Cameco in the fourth quarter worth $40,000. CoreCap Advisors LLC lifted its position in shares of Cameco by 8,363.6% during the fourth quarter. CoreCap Advisors LLC now owns 931 shares of the basic materials company's stock worth $48,000 after purchasing an additional 920 shares during the last quarter. Finally, Private Trust Co. NA lifted its position in shares of Cameco by 315.2% during the first quarter. Private Trust Co. NA now owns 1,229 shares of the basic materials company's stock worth $51,000 after purchasing an additional 933 shares during the last quarter. Institutional investors own 70.21% of the company's stock.

Cameco Stock Up 1.4%

Shares of NYSE:CCJ traded up $1.07 during trading hours on Friday, hitting $78.98. The company's stock had a trading volume of 4,624,464 shares, compared to its average volume of 4,599,527. Cameco Corporation has a 52 week low of $35.00 and a 52 week high of $80.04. 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 $34.38 billion, a price-to-earnings ratio of 197.45 and a beta of 1.03. The firm's fifty day moving average price is $64.82 and its 200 day moving average price is $52.34.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly 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 net margin of 7.50% and a return on equity of 4.47%. The business had revenue of $549.58 million during the quarter, compared to the consensus estimate of $890.07 million. During the same quarter in the prior year, the firm posted $0.13 EPS. The company's revenue for the quarter was up 24.4% compared to the same quarter last year. As a group, research analysts expect that Cameco Corporation will post 1.27 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CCJ. Raymond James Financial reiterated an "outperform" rating on shares of Cameco in a research report on Wednesday, June 18th. Scotiabank reiterated an "outperform" rating on shares of Cameco in a report on Tuesday, July 8th. Royal Bank Of Canada lifted their price objective on shares of Cameco from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Friday, June 20th. Sanford C. Bernstein set a $70.00 price objective on shares of Cameco and gave the company an "outperform" rating in a report on Tuesday, June 10th. Finally, The Goldman Sachs Group lifted their price objective on shares of Cameco from $65.00 to $78.00 and gave the company a "buy" rating in a report on Wednesday, June 11th. One analyst has rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $80.65.

Cameco 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.