Northern Trust Corp Boosts Holdings in Cameco Co. (NYSE:CCJ)

Northern Trust Corp lifted its holdings in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 50.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 367,299 shares of the basic materials company's stock after purchasing an additional 123,684 shares during the period. Northern Trust Corp owned about 0.08% of Cameco worth $18,875,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Sierra Ocean LLC purchased a new stake in Cameco during the fourth quarter valued at approximately $25,000. Hurley Capital LLC purchased a new stake in Cameco during the fourth quarter valued at approximately $27,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Cameco during the fourth quarter valued at approximately $28,000. Whipplewood Advisors LLC purchased a new stake in Cameco during the fourth quarter valued at approximately $33,000. Finally, Compass Planning Associates Inc purchased a new stake in Cameco during the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 70.21% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on CCJ shares. Glj Research increased their target price on shares of Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a research report on Wednesday, March 12th. Sanford C. Bernstein initiated coverage on shares of Cameco in a research note on Tuesday, April 1st. They set an "outperform" rating and a $52.00 price target on the stock. Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. StockNews.com upgraded shares of Cameco from a "sell" rating to a "hold" rating in a research note on Tuesday. Finally, Desjardins initiated coverage on shares of Cameco in a research note on Friday, April 4th. They set a "buy" rating on the stock. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $70.03.

Cameco Stock Performance

Shares of NYSE:CCJ traded down $0.26 during midday trading on Friday, reaching $51.33. The company's stock had a trading volume of 4,541,847 shares, compared to its average volume of 4,122,017. The stock has a fifty day moving average of $43.73 and a 200 day moving average of $48.88. Cameco Co. has a twelve month low of $35.00 and a twelve month high of $62.55. The firm has a market capitalization of $22.35 billion, a PE ratio of 183.33 and a beta of 0.89. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly 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). Cameco had a return on equity of 4.34% and a net margin of 5.39%. The firm had revenue of $549.58 million for the quarter, compared to analysts' expectations of $890.07 million. During the same period last year, the company posted $0.13 earnings per share. The business's quarterly revenue was up 24.4% on a year-over-year basis. On average, equities analysts expect that Cameco Co. will post 1.27 EPS for the current fiscal year.

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.