Cameco Co. (NYSE:CCJ) Shares Purchased by Cibc World Markets Corp

Cibc World Markets Corp increased its holdings in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 183.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,000 shares of the basic materials company's stock after buying an additional 58,900 shares during the period. Cibc World Markets Corp's holdings in Cameco were worth $4,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in CCJ. Dantai Capital Ltd lifted its holdings in Cameco by 44.2% during the third quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company's stock valued at $2,735,000 after purchasing an additional 17,560 shares in the last quarter. Roberts Wealth Advisors LLC purchased a new stake in Cameco during the 4th quarter worth approximately $895,000. Whalen Wealth Management Inc. acquired a new position in shares of Cameco during the fourth quarter valued at approximately $445,000. Sprott Inc. lifted its position in shares of Cameco by 44.5% in the fourth quarter. Sprott Inc. now owns 111,896 shares of the basic materials company's stock valued at $5,750,000 after acquiring an additional 34,483 shares in the last quarter. Finally, iA Global Asset Management Inc. acquired a new stake in shares of Cameco in the third quarter worth approximately $5,305,000. Institutional investors and hedge funds own 70.21% of the company's stock.

Cameco Trading Up 2.7 %

Shares of CCJ stock traded up $1.20 during trading on Monday, hitting $45.73. 2,386,322 shares of the stock traded hands, compared to its average volume of 4,089,724. Cameco Co. has a 52-week low of $35.43 and a 52-week high of $62.55. The firm has a market capitalization of $19.91 billion, a P/E ratio of 163.34 and a beta of 1.04. The firm's fifty day moving average price is $47.03 and its 200-day moving average price is $50.18. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26.

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Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, meeting analysts' consensus estimates of $0.26. The company had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. As a group, research analysts forecast that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CCJ has been the topic of a number of research reports. Glj Research raised their price objective on Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a report on Wednesday, March 12th. Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. StockNews.com raised shares of Cameco from a "sell" rating to a "hold" rating in a research note on Wednesday, March 19th. Stifel Nicolaus started coverage on shares of Cameco in a research note on Wednesday, March 12th. They issued a "buy" rating on the stock. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $90.00 price target on shares of Cameco in a research report on Tuesday, March 4th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $73.64.

Cameco Company 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.