Cameco Co. (NYSE:CCJ) Stock Position Raised by Intech Investment Management LLC

Intech Investment Management LLC lifted its holdings in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 42.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 451,781 shares of the basic materials company's stock after buying an additional 134,250 shares during the period. Intech Investment Management LLC owned 0.10% of Cameco worth $23,217,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. AGF Management Ltd. grew its position in shares of Cameco by 54.2% during the 4th quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company's stock valued at $174,433,000 after buying an additional 1,193,266 shares during the last quarter. Bridgewater Associates LP grew its position in Cameco by 19.9% in the 3rd quarter. Bridgewater Associates LP now owns 2,478,488 shares of the basic materials company's stock worth $118,386,000 after purchasing an additional 410,711 shares during the last quarter. Progeny 3 Inc. grew its position in Cameco by 7.5% in the 3rd quarter. Progeny 3 Inc. now owns 2,268,132 shares of the basic materials company's stock worth $108,326,000 after purchasing an additional 159,200 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Cameco by 9.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,175,038 shares of the basic materials company's stock worth $103,968,000 after purchasing an additional 187,512 shares during the last quarter. Finally, Amundi grew its position in Cameco by 1.5% in the 4th quarter. Amundi now owns 2,156,893 shares of the basic materials company's stock worth $110,821,000 after purchasing an additional 32,825 shares during the last quarter. Institutional investors own 70.21% of the company's stock.

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Analysts Set New Price Targets

Several research firms have commented on CCJ. Royal Bank of Canada restated an "outperform" rating and issued a $90.00 target price on shares of Cameco in a research report on Tuesday, March 4th. Stifel Nicolaus began coverage on shares of Cameco in a research report on Wednesday, March 12th. They issued a "buy" rating for the company. StockNews.com upgraded shares of Cameco from a "sell" rating to a "hold" rating in a research report on Wednesday. Glj Research upped their target price on shares of Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research report on Wednesday, March 12th. Finally, Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. One 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 stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $73.64.

Cameco Price Performance

CCJ stock traded down $0.24 on Friday, hitting $44.62. 2,990,101 shares of the company's stock traded hands, compared to its average volume of 4,090,472. Cameco Co. has a 1-year low of $35.43 and a 1-year high of $62.55. The stock has a market cap of $19.42 billion, a price-to-earnings ratio of 159.34 and a beta of 1.04. The stock has a fifty day moving average of $47.03 and a 200-day moving average of $50.01. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS 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 business had revenue of $845.54 million during the quarter, compared to analyst estimates of $1.09 billion. On average, analysts forecast 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.