Commonwealth Equity Services LLC Raises Stake in Cameco Co. (NYSE:CCJ)

Commonwealth Equity Services LLC lifted its position in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 40.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 128,898 shares of the basic materials company's stock after buying an additional 37,040 shares during the quarter. Commonwealth Equity Services LLC's holdings in Cameco were worth $6,624,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CCJ. Sierra Ocean LLC acquired a new stake in Cameco in the fourth quarter worth $25,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Cameco in the 4th quarter valued at $28,000. Pingora Partners LLC bought a new stake in Cameco during the 3rd quarter valued at $33,000. Whipplewood Advisors LLC acquired a new position in Cameco during the fourth quarter worth $33,000. Finally, Compass Planning Associates Inc acquired a new position in shares of Cameco during the fourth quarter valued at about $36,000. Institutional investors own 70.21% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on CCJ shares. Glj Research boosted their price objective on Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a report on Wednesday, March 12th. Royal Bank of Canada reissued an "outperform" rating and issued a $90.00 price target on shares of Cameco in a research report on Tuesday, March 4th. Stifel Nicolaus began coverage on shares of Cameco in a report on Wednesday, March 12th. They set a "buy" rating on the stock. StockNews.com upgraded shares of Cameco from a "sell" rating to a "hold" rating in a research note on Wednesday, March 19th. Finally, Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $73.64.

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Cameco Stock Performance

Shares of NYSE:CCJ traded down $1.10 during mid-day trading on Tuesday, reaching $44.64. The company had a trading volume of 682,000 shares, compared to its average volume of 4,089,585. The company's 50-day moving average price is $46.97 and its 200-day moving average price is $50.23. Cameco Co. has a one year low of $35.43 and a one year high of $62.55. The firm has a market cap of $19.43 billion, a price-to-earnings ratio of 159.65 and a beta of 1.04. 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 results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, meeting analysts' consensus estimates of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The firm had revenue of $845.54 million for the quarter, compared to analysts' expectations of $1.09 billion. As a group, equities research analysts anticipate that Cameco Co. will post 1.27 EPS for the current fiscal 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.