NewEdge Advisors LLC raised its holdings in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 5.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 115,579 shares of the basic materials company's stock after acquiring an additional 6,284 shares during the quarter. NewEdge Advisors LLC's holdings in Cameco were worth $5,940,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new position in Cameco in the fourth quarter worth approximately $188,595,000. FMR LLC raised its position in shares of Cameco by 8.7% during the fourth quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock worth $1,163,942,000 after purchasing an additional 1,811,876 shares during the period. Alliancebernstein L.P. boosted its position in shares of Cameco by 13.5% in the 4th quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company's stock valued at $518,443,000 after purchasing an additional 1,196,336 shares during the period. AGF Management Ltd. increased its stake in Cameco by 54.2% in the 4th quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company's stock worth $174,433,000 after purchasing an additional 1,193,266 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in Cameco by 35.9% during the 4th quarter. Wellington Management Group LLP now owns 2,590,976 shares of the basic materials company's stock worth $133,151,000 after buying an additional 685,145 shares during the period. Institutional investors own 70.21% of the company's stock.
Cameco Stock Up 3.5 %
Shares of CCJ traded up $1.47 during mid-day trading on Thursday, hitting $43.44. 1,546,004 shares of the company's stock were exchanged, compared to its average volume of 4,087,450. The stock has a market cap of $18.91 billion, a price-to-earnings ratio of 155.02 and a beta of 1.04. The firm has a fifty day moving average of $42.19 and a two-hundred day moving average of $49.54. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. Cameco Co. has a twelve month low of $35.00 and a twelve month high of $62.55.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its 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. The company had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. On average, sell-side analysts forecast that Cameco Co. will post 1.27 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on CCJ. StockNews.com raised shares of Cameco from a "sell" rating to a "hold" rating in a research report on Tuesday, April 15th. Sanford C. Bernstein assumed coverage on shares of Cameco in a research note on Tuesday, April 1st. They set an "outperform" rating and a $52.00 target price on the stock. Royal Bank of Canada reiterated an "outperform" rating and set a $90.00 price target on shares of Cameco in a report on Tuesday, March 4th. Stifel Nicolaus initiated coverage on Cameco in a research note on Wednesday, March 12th. They issued a "buy" rating for the company. Finally, Desjardins began coverage on Cameco in a report on Friday, April 4th. They issued a "buy" rating on the stock. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $70.03.
Get Our Latest Stock Analysis on CCJ
About Cameco
(
Free Report)
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.
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