Bowen Hanes & Co. Inc. Has $37.42 Million Stock Holdings in Cameco Co. (NYSE:CCJ)

Bowen Hanes & Co. Inc. raised its stake in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 17.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 728,120 shares of the basic materials company's stock after buying an additional 106,870 shares during the period. Bowen Hanes & Co. Inc. owned approximately 0.17% of Cameco worth $37,418,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of CCJ. Dantai Capital Ltd boosted its holdings in shares of Cameco by 44.2% in the third quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company's stock worth $2,735,000 after buying an additional 17,560 shares during the period. Roberts Wealth Advisors LLC acquired a new position in Cameco in the 4th quarter worth approximately $895,000. Whalen Wealth Management Inc. purchased a new position in Cameco during the 4th quarter worth approximately $445,000. Sprott Inc. raised its stake in Cameco by 44.5% during the 4th quarter. Sprott Inc. now owns 111,896 shares of the basic materials company's stock valued at $5,750,000 after purchasing an additional 34,483 shares during the period. Finally, iA Global Asset Management Inc. purchased a new stake in shares of Cameco in the third quarter valued at $5,305,000. Institutional investors and hedge funds own 70.21% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CCJ. Royal Bank of Canada reiterated an "outperform" rating and set a $90.00 price target on shares of Cameco in a report on Tuesday, March 4th. StockNews.com cut Cameco from a "hold" rating to a "sell" rating in a research note on Tuesday, March 11th. Stifel Nicolaus initiated coverage on shares of Cameco in a research report on Wednesday, March 12th. They issued a "buy" rating for the company. Glj Research boosted 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. Finally, Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, seven have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $73.64.

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Cameco Stock Up 2.1 %

NYSE:CCJ traded up $0.88 during mid-day trading on Monday, reaching $43.35. The stock had a trading volume of 2,481,012 shares, compared to its average volume of 4,085,611. The stock has a market cap of $18.87 billion, a P/E ratio of 154.81 and a beta of 1.04. The business's 50 day moving average is $47.80 and its 200 day moving average is $50.03. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. Cameco Co. has a fifty-two week low of $35.43 and a fifty-two week high of $62.55.

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 EPS for the quarter, hitting the consensus estimate of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The company had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. As a group, sell-side analysts predict that Cameco Co. will post 1.27 earnings per share for the current year.

Cameco Company 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.