Tocqueville Asset Management L.P. Grows Position in Cameco Co. (NYSE:CCJ)

Tocqueville Asset Management L.P. raised its holdings in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 979,246 shares of the basic materials company's stock after purchasing an additional 7,215 shares during the quarter. Cameco accounts for approximately 0.8% of Tocqueville Asset Management L.P.'s investment portfolio, making the stock its 27th biggest holding. Tocqueville Asset Management L.P. owned 0.22% of Cameco worth $50,323,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new position in Cameco during the fourth quarter valued at approximately $25,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Cameco in the fourth quarter valued at $28,000. Pingora Partners LLC acquired a new position in shares of Cameco in the third quarter worth about $33,000. Whipplewood Advisors LLC acquired a new stake in shares of Cameco during the 4th quarter valued at about $33,000. Finally, Compass Planning Associates Inc purchased a new position in shares of Cameco in the 4th quarter valued at about $36,000. 70.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CCJ has been the subject of a number of recent analyst reports. StockNews.com upgraded Cameco from a "sell" rating to a "hold" rating in a research report on Wednesday. Royal Bank of Canada restated an "outperform" rating and set a $90.00 price objective on shares of Cameco in a research report on Tuesday, March 4th. Stifel Canada raised shares of Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Glj Research raised 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. Finally, Stifel Nicolaus assumed coverage on Cameco in a research note on Wednesday, March 12th. They set a "buy" rating for the company. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $73.64.

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Cameco Trading Down 0.5 %

Cameco stock traded down $0.24 during trading on Friday, reaching $44.62. 2,990,101 shares of the company were exchanged, compared to its average volume of 4,086,377. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The stock's 50 day simple moving average is $47.13 and its two-hundred day simple moving average is $49.99. The company has a market capitalization of $19.42 billion, a P/E ratio of 159.34 and a beta of 1.04. Cameco Co. has a 52-week low of $35.43 and a 52-week high of $62.55.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The firm had revenue of $845.54 million for the quarter, compared to analysts' expectations of $1.09 billion. On average, equities research analysts expect that Cameco Co. will post 1.27 earnings per share 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.