212,800 Shares in Cameco Co. (NYSE:CCJ) Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. bought a new position in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 212,800 shares of the basic materials company's stock, valued at approximately $9,179,000. Cameco accounts for about 0.7% of Hillsdale Investment Management Inc.'s holdings, making the stock its 22nd biggest holding.

Other hedge funds also recently bought and sold shares of the company. Principal Securities Inc. purchased a new position in Cameco during the fourth quarter worth about $29,000. Allworth Financial LP boosted its stake in Cameco by 1,049.2% during the third quarter. Allworth Financial LP now owns 747 shares of the basic materials company's stock worth $30,000 after buying an additional 682 shares during the period. Versant Capital Management Inc purchased a new position in Cameco during the fourth quarter worth about $34,000. Sandy Spring Bank purchased a new position in Cameco during the fourth quarter worth about $43,000. Finally, Blue Trust Inc. boosted its stake in Cameco by 57.5% during the fourth quarter. Blue Trust Inc. now owns 1,427 shares of the basic materials company's stock worth $57,000 after buying an additional 521 shares during the period. Hedge funds and other institutional investors own 70.21% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on CCJ. The Goldman Sachs Group initiated coverage on shares of Cameco in a research note on Monday, April 1st. They issued a "buy" rating and a $55.00 price objective for the company. StockNews.com cut shares of Cameco from a "hold" rating to a "sell" rating in a research report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $62.75.

Cameco Stock Up 6.5 %

Shares of CCJ stock traded up $3.22 during trading hours on Friday, reaching $53.05. 5,683,845 shares of the stock were exchanged, compared to its average volume of 3,818,671. Cameco Co. has a 12-month low of $26.15 and a 12-month high of $53.38. The business's fifty day moving average is $46.93 and its two-hundred day moving average is $45.24. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.42 and a quick ratio of 0.69. The firm has a market capitalization of $23.06 billion, a P/E ratio of 136.03 and a beta of 0.92.

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.

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