Raymond James Financial Inc. Acquires New Holdings in Cameco Co. (NYSE:CCJ)

Raymond James Financial Inc. bought a new position in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 670,167 shares of the basic materials company's stock, valued at approximately $34,440,000. Raymond James Financial Inc. owned 0.15% of Cameco as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in CCJ. Sierra Ocean LLC acquired a new position in Cameco in the fourth quarter valued at $25,000. Hurley Capital LLC purchased a new position in shares of Cameco during the 4th quarter worth about $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Cameco in the fourth quarter worth approximately $28,000. Whipplewood Advisors LLC acquired a new position in Cameco during the fourth quarter worth approximately $33,000. Finally, Compass Planning Associates Inc acquired a new position in shares of Cameco in the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 70.21% of the company's stock.

Analysts Set New Price Targets

CCJ has been the topic of a number of recent research reports. StockNews.com raised shares of Cameco from a "sell" rating to a "hold" rating in a research report on Tuesday. Glj Research upped their price objective on shares of Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a research report on Wednesday, March 12th. Stifel Nicolaus assumed coverage on Cameco in a report on Wednesday, March 12th. They issued a "buy" rating for the company. Royal Bank of Canada reiterated an "outperform" rating and set a $90.00 target price on shares of Cameco in a research note on Tuesday, March 4th. Finally, Sanford C. Bernstein began coverage on shares of Cameco in a research note on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 price target for the company. One 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 company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $70.03.

Cameco Stock Performance

Shares of NYSE:CCJ traded down $0.16 during trading on Friday, hitting $41.12. 2,257,352 shares of the company traded hands, compared to its average volume of 4,089,622. The stock has a market capitalization of $17.90 billion, a price-to-earnings ratio of 146.84 and a beta of 1.04. Cameco Co. has a one year low of $35.00 and a one year high of $62.55. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The business's fifty day moving average is $42.85 and its 200-day moving average is $49.80.

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

Cameco Profile

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.