Keel Point LLC bought a new position in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 5,399 shares of the basic materials company's stock, valued at approximately $277,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB bought a new stake in Cameco in the 3rd quarter valued at $38,000. Tidal Investments LLC lifted its stake in Cameco by 9.2% in the third quarter. Tidal Investments LLC now owns 25,396 shares of the basic materials company's stock valued at $1,213,000 after acquiring an additional 2,142 shares during the last quarter. Principal Financial Group Inc. increased its position in Cameco by 1,138.1% during the third quarter. Principal Financial Group Inc. now owns 267,431 shares of the basic materials company's stock worth $12,774,000 after buying an additional 245,831 shares during the last quarter. Confluence Investment Management LLC raised its stake in Cameco by 3.2% in the 4th quarter. Confluence Investment Management LLC now owns 22,815 shares of the basic materials company's stock valued at $1,172,000 after acquiring an additional 697 shares during the period. Finally, Capital Market Strategies LLC raised its position in shares of Cameco by 5.3% in the fourth quarter. Capital Market Strategies LLC now owns 19,383 shares of the basic materials company's stock valued at $996,000 after purchasing an additional 980 shares during the period. 70.21% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on CCJ shares. StockNews.com cut shares of Cameco from a "hold" rating to a "sell" rating in a research report on Monday. Desjardins began coverage on Cameco in a research report on Friday, April 4th. They issued a "buy" rating on the stock. Glj Research upped their price objective on shares of Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research report on Wednesday, March 12th. Sanford C. Bernstein initiated coverage on shares of Cameco in a report on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 target price on the stock. Finally, Stifel Nicolaus started coverage on shares of Cameco in a report on Wednesday, March 12th. They set a "buy" rating for the company. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Cameco presently has a consensus rating of "Buy" and an average target price of $70.03.
Check Out Our Latest Report on Cameco
Cameco Price Performance
CCJ traded down $0.61 on Monday, reaching $46.40. The stock had a trading volume of 2,690,956 shares, compared to its average volume of 4,065,734. The firm has a 50-day moving average of $42.15 and a 200-day moving average of $49.15. Cameco Co. has a fifty-two week low of $35.00 and a fifty-two week high of $62.55. The company has a market capitalization of $20.20 billion, a price-to-earnings ratio of 165.71 and a beta of 1.04. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20.
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 for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). The business had revenue of $549.58 million for the quarter, compared to the consensus estimate of $890.07 million. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The company's revenue was up 24.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 earnings per share. As a group, sell-side analysts anticipate that Cameco Co. will post 1.27 EPS for the current year.
About Cameco
(
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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