Orion Resource Partners LP Acquires New Stake in Cameco Co. (NYSE:CCJ)

Orion Resource Partners LP acquired a new stake in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 7,255 shares of the basic materials company's stock, valued at approximately $373,000. Cameco makes up approximately 0.1% of Orion Resource Partners LP's holdings, making the stock its 9th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CCJ. Sierra Ocean LLC bought a new stake in Cameco during the fourth quarter worth about $25,000. Hurley Capital LLC bought a new stake in Cameco in the 4th quarter worth approximately $27,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Cameco in the fourth quarter worth approximately $28,000. Whipplewood Advisors LLC purchased a new position in shares of Cameco during the fourth quarter worth approximately $33,000. Finally, Compass Planning Associates Inc bought a new stake in shares of Cameco in the 4th quarter worth approximately $36,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Trading Down 1.3 %

Shares of NYSE CCJ traded down $0.61 during midday trading on Monday, hitting $46.40. 2,690,956 shares of the company traded hands, compared to its average volume of 4,065,734. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. Cameco Co. has a 12-month low of $35.00 and a 12-month high of $62.55. The stock has a 50-day moving average price of $42.15 and a 200 day moving average price of $49.15. The firm has a market cap of $20.20 billion, a P/E ratio of 165.71 and a beta of 1.04.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.07). The firm had revenue of $549.58 million for the quarter, compared to the consensus estimate of $890.07 million. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The company's revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.13 earnings per share. As a group, analysts expect that Cameco Co. will post 1.27 earnings per share for the current year.

Analyst Ratings Changes

Several equities 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 report on Wednesday, March 12th. Royal Bank of Canada restated an "outperform" rating and set a $90.00 target price on shares of Cameco in a report on Tuesday, March 4th. StockNews.com upgraded Cameco from a "sell" rating to a "hold" rating in a research report on Tuesday, April 15th. Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. Finally, Stifel Nicolaus initiated 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 hold rating, nine have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Cameco has an average rating of "Buy" and a consensus target price of $70.03.

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.