Cameco Co. (NYSE:CCJ) Shares Bought by Sprott Inc.

Sprott Inc. raised its holdings in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 44.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 111,896 shares of the basic materials company's stock after purchasing an additional 34,483 shares during the period. Sprott Inc.'s holdings in Cameco were worth $5,750,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sierra Ocean LLC purchased a new stake in shares of Cameco in the fourth quarter valued at about $25,000. Pingora Partners LLC purchased a new stake in shares of Cameco in the third quarter valued at about $33,000. Compass Planning Associates Inc purchased a new stake in shares of Cameco in the fourth quarter valued at about $36,000. First Horizon Advisors Inc. lifted its holdings in shares of Cameco by 84.2% in the third quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company's stock valued at $37,000 after purchasing an additional 351 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Cameco in the third quarter valued at about $38,000. Hedge funds and other institutional investors own 70.21% of the company's stock.

Cameco Trading Up 1.3 %

Shares of NYSE:CCJ traded up $0.56 during trading on Friday, reaching $44.04. The stock had a trading volume of 3,134,810 shares, compared to its average volume of 4,710,722. The business has a fifty day moving average price of $49.87 and a 200-day moving average price of $49.84. 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 stock has a market cap of $19.17 billion, a P/E ratio of 157.27 and a beta of 0.94. 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 posted its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, meeting 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 during the quarter, compared to analyst estimates of $1.09 billion. As a group, analysts anticipate that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Cameco from a "sell" rating to a "hold" rating in a report on Friday, February 21st. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $66.56.

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.