Cameco Co. (NYSE:CCJ) Stake Decreased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD trimmed its stake in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,490,716 shares of the basic materials company's stock after selling 151,336 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.80% of Cameco worth $179,389,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Cameco during the 3rd quarter valued at $38,000. Tidal Investments LLC grew its holdings in shares of Cameco by 9.2% during the 3rd quarter. Tidal Investments LLC now owns 25,396 shares of the basic materials company's stock worth $1,213,000 after purchasing an additional 2,142 shares during the period. Synovus Financial Corp increased its position in Cameco by 12.2% during the 3rd quarter. Synovus Financial Corp now owns 128,137 shares of the basic materials company's stock worth $6,120,000 after purchasing an additional 13,901 shares in the last quarter. Dantai Capital Ltd raised its holdings in Cameco by 44.2% in the third quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company's stock valued at $2,735,000 after buying an additional 17,560 shares during the period. Finally, Principal Financial Group Inc. lifted its position in Cameco by 1,138.1% during the third quarter. Principal Financial Group Inc. now owns 267,431 shares of the basic materials company's stock valued at $12,774,000 after buying an additional 245,831 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company's stock.

Wall Street Analyst Weigh In

CCJ has been the topic of a number of research reports. Royal Bank of Canada reissued an "outperform" rating and issued a $90.00 target price on shares of Cameco in a research note on Tuesday, March 4th. Stifel Nicolaus assumed coverage on Cameco in a research note on Wednesday, March 12th. They set a "buy" rating on the stock. Desjardins began coverage on Cameco in a research note on Friday, April 4th. They issued a "buy" rating for the company. StockNews.com raised Cameco from a "sell" rating to a "hold" rating in a research report on Tuesday, April 15th. Finally, Sanford C. Bernstein assumed coverage on shares of Cameco in a research report on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $70.03.

Cameco Stock Up 3.3 %

NYSE CCJ traded up $1.50 during trading hours on Friday, reaching $47.01. 2,207,977 shares of the company traded hands, compared to its average volume of 4,054,588. The company has a 50 day moving average of $42.08 and a two-hundred day moving average of $49.28. The stock has a market capitalization of $20.46 billion, a PE ratio of 167.84 and a beta of 1.04. Cameco Co. has a 12 month low of $35.00 and a 12 month high of $62.55. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The company had revenue of $845.54 million during the quarter, compared to analyst estimates of $1.09 billion. As a group, equities analysts expect that Cameco Co. will post 1.27 earnings per share for the current year.

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.