Balboa Wealth Partners Purchases 15,590 Shares of Cameco Co. (NYSE:CCJ)

Balboa Wealth Partners grew its holdings in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 335.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,240 shares of the basic materials company's stock after buying an additional 15,590 shares during the period. Balboa Wealth Partners' holdings in Cameco were worth $1,040,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CCJ. Sierra Ocean LLC bought a new stake in shares of Cameco during the 4th quarter worth about $25,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Cameco during the fourth quarter worth approximately $28,000. Whipplewood Advisors LLC acquired a new position in shares of Cameco in the fourth quarter valued at approximately $33,000. Pingora Partners LLC acquired a new stake in Cameco during the 3rd quarter worth approximately $33,000. Finally, Compass Planning Associates Inc bought a new stake in Cameco in the 4th quarter valued at $36,000. 70.21% of the stock is currently owned by institutional investors.

Cameco Price Performance

Shares of CCJ traded up $0.88 during midday trading on Monday, hitting $43.35. The company's stock had a trading volume of 2,481,012 shares, compared to its average volume of 4,085,611. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. Cameco Co. has a one year low of $35.43 and a one year high of $62.55. The stock has a market capitalization of $18.87 billion, a price-to-earnings ratio of 154.81 and a beta of 1.04. The company's fifty day simple moving average is $47.80 and its two-hundred day simple moving average is $50.03.

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Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its 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 return on equity of 4.34% and a net margin of 5.39%. The firm had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. As a group, equities analysts expect that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CCJ shares. StockNews.com cut Cameco from a "hold" rating to a "sell" rating in a research report on Tuesday, March 11th. Stifel Canada raised shares of Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $90.00 target price on shares of Cameco in a report on Tuesday, March 4th. Stifel Nicolaus started coverage on Cameco in a research note on Wednesday, March 12th. They issued a "buy" rating for the company. Finally, Glj Research raised their price objective on Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research note on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $73.64.

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.