Chesapeake Capital Corp IL Makes New Investment in Cameco Co. (NYSE:CCJ)

Chesapeake Capital Corp IL acquired a new position in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,367 shares of the basic materials company's stock, valued at approximately $430,000.

A number of other hedge funds have also bought and sold shares of CCJ. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in shares of Cameco by 17.7% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 143,423 shares of the basic materials company's stock worth $7,371,000 after purchasing an additional 21,542 shares during the period. Intech Investment Management LLC boosted its position in shares of Cameco by 42.3% during the fourth quarter. Intech Investment Management LLC now owns 451,781 shares of the basic materials company's stock valued at $23,217,000 after buying an additional 134,250 shares during the period. Generali Asset Management SPA SGR bought a new position in shares of Cameco during the fourth quarter valued at approximately $167,000. Tocqueville Asset Management L.P. raised its holdings in shares of Cameco by 0.7% in the fourth quarter. Tocqueville Asset Management L.P. now owns 979,246 shares of the basic materials company's stock worth $50,323,000 after buying an additional 7,215 shares during the period. Finally, Horizon Kinetics Asset Management LLC lifted its stake in shares of Cameco by 19.1% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 616,951 shares of the basic materials company's stock worth $31,705,000 after acquiring an additional 99,123 shares during the last quarter. Institutional investors own 70.21% of the company's stock.

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Cameco Stock Down 0.5 %

NYSE CCJ traded down $0.24 during trading on Friday, reaching $44.62. 2,990,101 shares of the company's stock traded hands, compared to its average volume of 4,096,565. 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 company's 50 day simple moving average is $47.03 and its two-hundred day simple moving average is $50.10. Cameco Co. has a 12-month low of $35.43 and a 12-month high of $62.55. The firm has a market cap of $19.42 billion, a price-to-earnings ratio of 159.34 and a beta of 1.04.

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 EPS for the quarter, hitting analysts' consensus estimates of $0.26. The company 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%. As a group, sell-side analysts forecast that Cameco Co. will post 1.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on CCJ shares. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $90.00 price objective on shares of Cameco in a research report on Tuesday, March 4th. Glj Research upped their price target on shares of Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a report on Wednesday, March 12th. Stifel Nicolaus assumed coverage on shares of Cameco in a report on Wednesday, March 12th. They set a "buy" rating for the company. StockNews.com raised shares of Cameco from a "sell" rating to a "hold" rating in a research report on Wednesday. Finally, Stifel Canada raised shares of Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. One analyst has rated the stock with a hold rating, seven have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $73.64.

Cameco Company 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.