Intact Investment Management Inc. grew its holdings in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 88.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,250 shares of the basic materials company's stock after buying an additional 84,190 shares during the quarter. Intact Investment Management Inc.'s holdings in Cameco were worth $7,729,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. FMR LLC increased its holdings in Cameco by 21.6% during the third quarter. FMR LLC now owns 27,418,564 shares of the basic materials company's stock worth $1,087,629,000 after buying an additional 4,865,085 shares during the last quarter. Vanguard Group Inc. lifted its stake in Cameco by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 15,548,514 shares of the basic materials company's stock valued at $616,343,000 after purchasing an additional 236,212 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Cameco by 6.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,422,754 shares of the basic materials company's stock worth $581,558,000 after purchasing an additional 869,404 shares during the period. Morgan Stanley increased its position in Cameco by 5.8% during the third quarter. Morgan Stanley now owns 7,752,258 shares of the basic materials company's stock worth $307,300,000 after buying an additional 428,310 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Cameco by 74.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,730,858 shares of the basic materials company's stock valued at $227,365,000 after buying an additional 2,442,190 shares during the period. 70.21% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts have recently commented on CCJ shares. The Goldman Sachs Group assumed coverage on Cameco in a research note on Monday, April 1st. They set a "buy" rating and a $55.00 target price for the company. StockNews.com downgraded shares of Cameco from a "hold" rating to a "sell" rating in a report on Thursday, April 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Cameco presently has a consensus rating of "Moderate Buy" and an average target price of $62.75.
Check Out Our Latest Analysis on CCJ
Cameco Stock Performance
Shares of CCJ traded up $0.19 during trading hours on Friday, hitting $49.35. The company had a trading volume of 3,083,385 shares, compared to its average volume of 4,261,084. The firm has a market cap of $21.43 billion, a price-to-earnings ratio of 82.25 and a beta of 0.92. The business has a fifty day moving average of $44.43 and a 200-day moving average of $43.98. Cameco Co. has a 12 month low of $25.72 and a 12 month high of $52.64. The company has a quick ratio of 0.97, a current ratio of 1.55 and a debt-to-equity ratio of 0.21.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.06). The company had revenue of $620.00 million during the quarter. Cameco had a net margin of 13.97% and a return on equity of 5.61%. Equities analysts anticipate that Cameco Co. will post 1.54 EPS for the current fiscal 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.
Read More
Before you consider Cameco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cameco wasn't on the list.
While Cameco currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
