Guardian Capital LP Reduces Position in Cameco Co. (NYSE:CCJ)

Guardian Capital LP reduced its holdings in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 537,149 shares of the basic materials company's stock after selling 7,458 shares during the period. Cameco comprises 1.0% of Guardian Capital LP's portfolio, making the stock its 28th largest holding. Guardian Capital LP owned 0.12% of Cameco worth $27,604,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its holdings in 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 period. Vanguard Group Inc. lifted its position in shares of Cameco by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 16,784,270 shares of the basic materials company's stock valued at $862,997,000 after buying an additional 270,102 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Cameco by 13.5% during the 4th quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company's stock valued at $518,443,000 after acquiring an additional 1,196,336 shares during the period. Norges Bank purchased a new stake in Cameco in the 4th quarter worth approximately $188,595,000. Finally, AGF Management Ltd. raised its stake in Cameco by 54.2% during the 4th quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company's stock worth $174,433,000 after acquiring an additional 1,193,266 shares during the period. 70.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CCJ has been the subject of a number of analyst reports. Desjardins assumed coverage on shares of Cameco in a research note on Friday, April 4th. They issued a "buy" rating for the company. Sanford C. Bernstein started coverage on Cameco in a report on Tuesday, April 1st. They set an "outperform" rating and a $52.00 price target on the stock. Glj Research upped their price objective on Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research note on Wednesday, March 12th. Stifel Canada raised Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Finally, Stifel Nicolaus began coverage on Cameco in a research note on Wednesday, March 12th. They issued a "buy" rating for the company. One analyst has rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $70.03.

Cameco Price Performance

Shares of CCJ traded up $1.50 during mid-day trading on Friday, hitting $47.01. 4,138,870 shares of the stock were exchanged, compared to its average volume of 4,071,251. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The company has a market cap of $20.46 billion, a PE ratio of 167.89 and a beta of 1.04. Cameco Co. has a 52-week low of $35.00 and a 52-week high of $62.55. The firm has a 50-day moving average of $42.15 and a two-hundred day moving average of $49.20.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The company had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. On average, equities analysts predict that Cameco Co. will post 1.27 earnings per share for the current year.

About Cameco

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.