Edmond DE Rothschild Holding S.A. grew its stake in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 137.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,045 shares of the basic materials company's stock after purchasing an additional 16,219 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Cameco were worth $1,441,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP boosted its position in shares of Cameco by 35.9% during the fourth quarter. Wellington Management Group LLP now owns 2,590,976 shares of the basic materials company's stock worth $133,151,000 after purchasing an additional 685,145 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in Cameco by 19.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 13,781 shares of the basic materials company's stock worth $708,000 after buying an additional 2,226 shares during the period. Hartree Partners LP bought a new position in Cameco during the fourth quarter worth about $3,546,000. Norges Bank acquired a new position in Cameco in the fourth quarter valued at about $188,595,000. Finally, Sava Infond d.o.o. bought a new stake in shares of Cameco in the fourth quarter worth about $3,527,000. 70.21% of the stock is owned by institutional investors and hedge funds.
Cameco Stock Down 7.6 %
Shares of Cameco stock traded down $3.12 during trading hours on Friday, reaching $37.80. 9,417,889 shares of the company's stock were exchanged, compared to its average volume of 4,107,877. The stock has a market cap of $16.45 billion, a P/E ratio of 134.98 and a beta of 1.04. The company has a 50 day moving average of $45.02 and a two-hundred day moving average of $50.32. 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 $35.43 and a fifty-two week high of $62.55.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. The firm had revenue of $845.54 million during the quarter, compared to analysts' expectations of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. On average, sell-side analysts forecast that Cameco Co. will post 1.27 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
CCJ has been the subject of several research analyst reports. StockNews.com lowered Cameco from a "hold" rating to a "sell" rating in a research report on Wednesday. Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. Stifel Nicolaus began coverage on shares of Cameco in a report on Wednesday, March 12th. They set a "buy" rating on the stock. Glj Research upped their target price on shares of Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research note on Wednesday, March 12th. Finally, Desjardins initiated coverage on Cameco in a report on Friday. They set a "buy" rating for the company. One equities research analyst has rated the stock with a sell rating, nine have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Cameco has a consensus rating of "Buy" and an average target price of $70.03.
Check Out Our Latest Analysis on CCJ
About Cameco
(
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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