Tealwood Asset Management Inc. Buys Shares of 27,106 Cameco Co. (NYSE:CCJ)

Tealwood Asset Management Inc. purchased a new position in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 27,106 shares of the basic materials company's stock, valued at approximately $1,116,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Cameco in the 4th quarter worth about $188,595,000. FMR LLC increased its position in shares of Cameco by 8.7% in the 4th quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock worth $1,163,942,000 after purchasing an additional 1,811,876 shares during the last quarter. Driehaus Capital Management LLC increased its position in shares of Cameco by 120.2% in the 4th quarter. Driehaus Capital Management LLC now owns 2,245,539 shares of the basic materials company's stock worth $115,398,000 after purchasing an additional 1,225,966 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Cameco by 13.5% in the 4th quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company's stock worth $518,443,000 after purchasing an additional 1,196,336 shares during the last quarter. Finally, AGF Management Ltd. increased its position in shares of Cameco by 54.2% in the 4th quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company's stock worth $174,433,000 after purchasing an additional 1,193,266 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company's stock.

Cameco Stock Performance

Shares of NYSE:CCJ traded up $0.41 during trading on Friday, reaching $60.44. 3,316,576 shares of the company's stock traded hands, compared to its average volume of 4,234,136. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The company has a 50 day moving average of $48.02 and a 200-day moving average of $49.32. The stock has a market capitalization of $26.31 billion, a P/E ratio of 215.86 and a beta of 0.97. Cameco Co. has a 12 month low of $35.00 and a 12 month high of $62.55.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). The firm had revenue of $549.58 million for the quarter, compared to analyst estimates of $890.07 million. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The company's revenue for the quarter was up 24.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 earnings per share. On average, equities analysts expect that Cameco Co. will post 1.27 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CCJ shares. Desjardins started coverage on shares of Cameco in a research report on Friday, April 4th. They issued a "buy" rating for the company. Sanford C. Bernstein started coverage on shares of Cameco in a research report on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 target price for the company. Royal Bank of Canada reissued an "outperform" rating and issued a $90.00 target price on shares of Cameco in a research report on Tuesday, March 4th. Scotiabank reaffirmed an "outperform" rating on shares of Cameco in a research report on Wednesday, May 14th. Finally, Stifel Nicolaus started coverage on shares of Cameco in a research report on Wednesday, March 12th. They set a "buy" rating for the company. One research analyst has rated the stock with a hold rating, nine 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 $70.53.

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.