Canada Pension Plan Investment Board raised its stake in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 3,057.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 643,535 shares of the basic materials company's stock after buying an additional 623,154 shares during the quarter. Canada Pension Plan Investment Board owned 0.15% of Cameco worth $33,046,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CCJ. Sanctuary Advisors LLC boosted its position in Cameco by 97.6% during the third quarter. Sanctuary Advisors LLC now owns 13,969 shares of the basic materials company's stock valued at $667,000 after purchasing an additional 6,901 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Cameco during the 3rd quarter valued at about $38,000. Tidal Investments LLC grew its stake in shares of Cameco by 9.2% in the 3rd quarter. Tidal Investments LLC now owns 25,396 shares of the basic materials company's stock valued at $1,213,000 after buying an additional 2,142 shares in the last quarter. Synovus Financial Corp increased its holdings in Cameco by 12.2% in the third quarter. Synovus Financial Corp now owns 128,137 shares of the basic materials company's stock worth $6,120,000 after buying an additional 13,901 shares during the last quarter. Finally, Dantai Capital Ltd raised its position 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 acquiring an additional 17,560 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company's stock.
Cameco Trading Down 0.4 %
Shares of CCJ stock opened at $41.12 on Friday. The stock has a market cap of $17.90 billion, a price-to-earnings ratio of 146.84 and a beta of 1.04. The firm has a fifty day moving average of $42.67 and a 200-day moving average of $49.75. Cameco Co. has a 52-week low of $35.00 and a 52-week high of $62.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.
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 (EPS) for the quarter, meeting the consensus estimate of $0.26. The firm had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. On average, equities research analysts forecast that Cameco Co. will post 1.27 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several research firms have commented on CCJ. Royal Bank of Canada reissued an "outperform" rating and set a $90.00 target price on shares of Cameco in a research report on Tuesday, March 4th. Sanford C. Bernstein began coverage on Cameco in a report on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 target price for the company. Glj Research lifted their price target on shares of Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a research report on Wednesday, March 12th. Desjardins started coverage on shares of Cameco in a report on Friday, April 4th. They set a "buy" rating for the company. 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, nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $70.03.
Check Out Our Latest Stock Analysis on CCJ
Cameco Profile
(
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.
See Also
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