Councilmark Asset Management LLC trimmed its holdings in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 37.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,225 shares of the basic materials company's stock after selling 15,410 shares during the quarter. Councilmark Asset Management LLC's holdings in Cameco were worth $1,296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently bought and sold shares of CCJ. Dantai Capital Ltd grew 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 buying an additional 17,560 shares during the period. Roberts Wealth Advisors LLC purchased a new stake in Cameco during the 4th quarter valued at $895,000. Whalen Wealth Management Inc. purchased a new stake in shares of Cameco in the 4th quarter worth about $445,000. Sprott Inc. lifted its position in Cameco by 44.5% during the 4th quarter. Sprott Inc. now owns 111,896 shares of the basic materials company's stock valued at $5,750,000 after acquiring an additional 34,483 shares during the period. Finally, iA Global Asset Management Inc. purchased a new stake in shares of Cameco during the third quarter valued at approximately $5,305,000. 70.21% of the stock is owned by institutional investors.
Cameco Price Performance
Cameco stock traded down $0.24 during mid-day trading on Friday, hitting $44.62. The company's stock had a trading volume of 2,990,101 shares, compared to its average volume of 4,096,565. 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 $35.43 and a twelve month high of $62.55. The stock has a market capitalization of $19.42 billion, a P/E ratio of 159.34 and a beta of 1.04. The stock's fifty day moving average price is $47.03 and its two-hundred day moving average price is $50.10.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, hitting 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 return on equity of 4.34% and a net margin of 5.39%. Research analysts forecast that Cameco Co. will post 1.27 earnings per share for the current year.
Wall Street Analyst Weigh In
CCJ has been the topic of several recent analyst reports. Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. 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. StockNews.com raised shares of Cameco from a "sell" rating to a "hold" rating in a report on Wednesday. Stifel Nicolaus started coverage on shares of Cameco in a research report on Wednesday, March 12th. They set a "buy" rating for the company. Finally, Glj Research raised their target price on Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research note on Wednesday, March 12th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, Cameco currently has an average rating of "Buy" and a consensus price target of $73.64.
Get Our Latest Stock Analysis on Cameco
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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