Mirae Asset Global Investments Co. Ltd. boosted its stake in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 6.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,422,754 shares of the basic materials company's stock after buying an additional 869,404 shares during the period. Cameco accounts for 1.2% of Mirae Asset Global Investments Co. Ltd.'s portfolio, making the stock its 10th biggest holding. Mirae Asset Global Investments Co. Ltd. owned about 3.09% of Cameco worth $581,558,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Morgan Stanley lifted its stake in Cameco by 5.8% during the third quarter. Morgan Stanley now owns 7,752,258 shares of the basic materials company's stock valued at $307,300,000 after buying an additional 428,310 shares in the last quarter. Guardian Capital LP lifted its stake in Cameco by 40.7% during the third quarter. Guardian Capital LP now owns 864,304 shares of the basic materials company's stock valued at $34,451,000 after buying an additional 250,115 shares in the last quarter. Foster Victor Wealth Advisors LLC purchased a new stake in Cameco during the fourth quarter valued at about $3,956,000. Financial Insights Inc. purchased a new stake in Cameco during the third quarter valued at about $1,942,000. Finally, Platinum Investment Management Ltd. lifted its position in shares of Cameco by 156.3% in the third quarter. Platinum Investment Management Ltd. now owns 3,089,235 shares of the basic materials company's stock worth $122,605,000 after purchasing an additional 1,884,004 shares in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.
Cameco Stock Performance
CCJ stock traded up $0.85 during midday trading on Friday, hitting $49.21. 3,304,841 shares of the company traded hands, compared to its average volume of 4,485,015. Cameco Co. has a twelve month low of $24.64 and a twelve month high of $51.33. The company has a quick ratio of 0.97, a current ratio of 1.55 and a debt-to-equity ratio of 0.21. The business has a 50 day simple moving average of $43.57 and a 200-day simple moving average of $42.94. The stock has a market capitalization of $21.37 billion, a price-to-earnings ratio of 82.02 and a beta of 0.92.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its earnings results on Thursday, February 8th. The basic materials company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.06). Cameco had a net margin of 13.97% and a return on equity of 5.61%. The firm had revenue of $620.00 million during the quarter. As a group, equities research analysts predict that Cameco Co. will post 2.11 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research firms recently commented on CCJ. StockNews.com downgraded Cameco from a "hold" rating to a "sell" rating in a report on Thursday. The Goldman Sachs Group began coverage on Cameco in a report on Monday, April 1st. They issued a "buy" rating and a $55.00 price objective on the stock. Finally, Cantor Fitzgerald downgraded Cameco from a "buy" rating to a "neutral" rating in a report on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Cameco presently has a consensus rating of "Moderate Buy" and an average price target of $62.75.
Check Out Our Latest Research Report on Cameco
Cameco Profile
(
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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