USS Investment Management Ltd acquired a new position in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 101,142 shares of the basic materials company's stock, valued at approximately $5,187,000.
Other institutional investors have also recently made changes to their positions in the company. FMR LLC grew its position in shares of Cameco by 8.7% during the fourth 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Cameco by 1.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,846,044 shares of the basic materials company's stock worth $865,729,000 after purchasing an additional 190,337 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Cameco by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 16,784,270 shares of the basic materials company's stock worth $862,997,000 after purchasing an additional 270,102 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of Cameco by 13.5% during the fourth 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 in the last quarter. Finally, Norges Bank purchased a new stake in shares of Cameco during the fourth quarter worth about $188,595,000. Institutional investors own 70.21% of the company's stock.
Wall Street Analysts Forecast Growth
CCJ has been the subject of several research analyst reports. Scotiabank reiterated an "outperform" rating on shares of Cameco in a research report on Wednesday, May 14th. The Goldman Sachs Group initiated coverage on Cameco in a research report on Tuesday. They set a "buy" rating and a $65.00 target price for the company. Stifel Nicolaus initiated coverage on Cameco in a research report on Wednesday, March 12th. They set a "buy" rating for the company. Stifel Canada upgraded Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Finally, Glj Research increased their target price on Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, Cameco presently has a consensus rating of "Buy" and an average price target of $70.53.
Check Out Our Latest Stock Report on Cameco
Cameco Stock Performance
NYSE CCJ opened at $52.79 on Friday. The stock has a market capitalization of $22.98 billion, a PE ratio of 188.54 and a beta of 0.89. The business has a 50 day simple moving average of $44.50 and a two-hundred day simple moving average of $48.87. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. Cameco Co. has a 1-year low of $35.00 and a 1-year high of $62.55.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.07). The firm had revenue of $549.58 million for the quarter, compared to analysts' expectations of $890.07 million. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The business's quarterly revenue was up 24.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.13 EPS. On average, research analysts predict that Cameco Co. will post 1.27 EPS for the current fiscal year.
Cameco Company Profile
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Free Report)
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.
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