Old West Investment Management LLC increased its stake in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 2.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 289,579 shares of the basic materials company's stock after acquiring an additional 7,507 shares during the period. Cameco makes up about 6.0% of Old West Investment Management LLC's holdings, making the stock its 2nd largest holding. Old West Investment Management LLC owned about 0.07% of Cameco worth $14,881,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC raised its position in Cameco by 37.4% in the 4th quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company's stock valued at $43,000 after purchasing an additional 226 shares in the last quarter. Heritage Wealth Management Inc. increased its stake in shares of Cameco by 0.8% during the fourth quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company's stock worth $1,587,000 after buying an additional 250 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in Cameco by 48.6% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company's stock valued at $42,000 after acquiring an additional 267 shares in the last quarter. EdgeRock Capital LLC raised its holdings in Cameco by 2.2% in the fourth quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company's stock valued at $719,000 after acquiring an additional 297 shares in the last quarter. Finally, Highview Capital Management LLC DE lifted its stake in Cameco by 5.0% in the fourth quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company's stock worth $321,000 after acquiring an additional 300 shares during the last quarter. 70.21% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
CCJ has been the topic of a number of analyst reports. Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. Stifel Nicolaus started coverage on Cameco in a report on Wednesday, March 12th. They set a "buy" rating for the company. StockNews.com cut Cameco from a "hold" rating to a "sell" rating in a research report on Wednesday. Desjardins began coverage on Cameco in a research report on Friday. They set a "buy" rating on the stock. Finally, Glj Research boosted their target price on Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research note on Wednesday, March 12th. One analyst has rated the stock with a sell rating, nine have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $70.03.
Read Our Latest Analysis on CCJ
Cameco Stock Performance
Shares of NYSE CCJ traded down $3.12 during trading hours on Friday, reaching $37.80. The stock had a trading volume of 9,417,889 shares, compared to its average volume of 4,107,877. The firm has a market cap of $16.45 billion, a price-to-earnings ratio of 134.98 and a beta of 1.04. Cameco Co. has a fifty-two week low of $35.43 and a fifty-two week high of $62.55. The firm has a 50-day moving average of $45.02 and a 200-day moving average of $50.39. 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 announced its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The business had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. Equities research analysts predict that Cameco Co. will post 1.27 earnings per share for the current year.
Cameco Company Profile
(
Free Report)
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.
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