Capital International Inc. CA Reduces Position in Cameco Co. (NYSE:CCJ)

Capital International Inc. CA reduced its position in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 25.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 129,219 shares of the basic materials company's stock after selling 43,373 shares during the quarter. Capital International Inc. CA's holdings in Cameco were worth $6,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sanctuary Advisors LLC grew 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 worth $667,000 after buying an additional 6,901 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Cameco in the third quarter worth about $38,000. Tidal Investments LLC raised its holdings in Cameco by 9.2% in the 3rd quarter. Tidal Investments LLC now owns 25,396 shares of the basic materials company's stock worth $1,213,000 after purchasing an additional 2,142 shares in the last quarter. Synovus Financial Corp lifted its stake in shares of Cameco by 12.2% in the 3rd quarter. Synovus Financial Corp now owns 128,137 shares of the basic materials company's stock valued at $6,120,000 after purchasing an additional 13,901 shares during the period. Finally, Dantai Capital Ltd grew its holdings in Cameco by 44.2% in the third quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company's stock worth $2,735,000 after purchasing an additional 17,560 shares during the period. 70.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on CCJ. Stifel Canada raised shares of Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Stifel Nicolaus began coverage on shares of Cameco in a research report on Wednesday, March 12th. They set a "buy" rating for the company. Desjardins started coverage on shares of Cameco in a research note on Friday, April 4th. They set a "buy" rating on the stock. Glj Research upped their price objective on Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research note on Wednesday, March 12th. Finally, Sanford C. Bernstein began coverage on Cameco in a research report on Tuesday, April 1st. They set an "outperform" rating and a $52.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Cameco currently has an average rating of "Buy" and an average price target of $70.03.

Cameco Trading Up 4.6 %

Shares of Cameco stock traded up $1.95 on Thursday, hitting $43.92. 3,171,609 shares of the company traded hands, compared to its average volume of 4,093,676. Cameco Co. has a 52 week low of $35.00 and a 52 week high of $62.55. The company has a market cap of $19.12 billion, a PE ratio of 156.86 and a beta of 1.04. The stock's 50 day moving average price is $42.19 and its 200-day moving average price is $49.54. 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 issued its quarterly earnings data 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 company had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. Equities research analysts predict that Cameco Co. will post 1.27 EPS for the current year.

About Cameco

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.