Sagefield Capital LP Purchases 160,664 Shares of Cameco Co. (NYSE:CCJ)

Sagefield Capital LP raised its position in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 99.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 322,700 shares of the basic materials company's stock after purchasing an additional 160,664 shares during the period. Cameco accounts for approximately 1.8% of Sagefield Capital LP's holdings, making the stock its 15th biggest position. Sagefield Capital LP owned approximately 0.07% of Cameco worth $16,584,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Roberts Wealth Advisors LLC acquired a new position in Cameco during the 4th quarter valued at about $895,000. Whalen Wealth Management Inc. acquired a new position in Cameco during the 4th quarter valued at about $445,000. Sprott Inc. lifted its stake in shares of Cameco by 44.5% in the 4th quarter. Sprott Inc. now owns 111,896 shares of the basic materials company's stock worth $5,750,000 after acquiring an additional 34,483 shares during the period. Aigen Investment Management LP acquired a new stake in shares of Cameco in the 4th quarter worth approximately $930,000. Finally, Principal Financial Group Inc. lifted its stake in shares of Cameco by 1,138.1% in the 3rd quarter. Principal Financial Group Inc. now owns 267,431 shares of the basic materials company's stock worth $12,774,000 after acquiring an additional 245,831 shares during the period. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Stock Up 2.4%

NYSE:CCJ traded up $1.22 during trading hours on Tuesday, hitting $52.40. 3,040,861 shares of the stock traded hands, compared to its average volume of 4,106,201. The firm has a 50 day moving average price of $43.90 and a 200 day moving average price of $48.81. 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 Co. has a fifty-two week low of $35.00 and a fifty-two week high of $62.55. The firm has a market cap of $22.81 billion, a price-to-earnings ratio of 187.14 and a beta of 0.89.

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Glj Research upped their target price on Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research report on Wednesday, March 12th. The Goldman Sachs Group assumed coverage on Cameco in a research report on Tuesday. They issued a "buy" rating and a $65.00 target price for the company. Sanford C. Bernstein assumed coverage on Cameco in a research report on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 target price for the company. Stifel Canada upgraded Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Finally, Scotiabank reissued an "outperform" rating on shares of Cameco in a research note on Wednesday, May 14th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $70.53.

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.