Charles Schwab Investment Management Inc. Boosts Position in Cameco Co. (NYSE:CCJ)

Charles Schwab Investment Management Inc. grew its position in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 935,507 shares of the basic materials company's stock after purchasing an additional 32,867 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.21% of Cameco worth $48,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Sierra Ocean LLC purchased a new position in shares of Cameco in the fourth quarter worth $25,000. Pingora Partners LLC purchased a new stake in Cameco during the third quarter valued at $33,000. Whipplewood Advisors LLC purchased a new stake in Cameco during the fourth quarter valued at $33,000. Compass Planning Associates Inc purchased a new stake in Cameco during the fourth quarter valued at $36,000. Finally, First Horizon Advisors Inc. raised its stake in Cameco by 84.2% during 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. 70.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

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Cameco Stock Down 0.5 %

Shares of NYSE:CCJ traded down $0.24 during trading on Tuesday, reaching $43.09. The stock had a trading volume of 2,386,910 shares, compared to its average volume of 4,088,565. Cameco Co. has a one year low of $35.43 and a one year high of $62.55. The company has a market capitalization of $18.76 billion, a P/E ratio of 153.90 and a beta of 1.04. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The firm's 50-day simple moving average is $47.57 and its 200 day simple moving average is $50.05.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings data 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 analyst estimates of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. As a group, research analysts expect that Cameco Co. will post 1.27 EPS for the current fiscal year.

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.