Cameco Co. (NYSE:CCJ) Position Raised by Fmr LLC

FMR LLC boosted its position in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 8.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,639,647 shares of the basic materials company's stock after acquiring an additional 1,811,876 shares during the quarter. FMR LLC owned 5.20% of Cameco worth $1,163,942,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in CCJ. Sierra Ocean LLC acquired a new position in shares of Cameco in the 4th quarter valued at about $25,000. Hurley Capital LLC purchased a new position in Cameco in the fourth quarter valued at approximately $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Cameco during the fourth quarter valued at approximately $28,000. Whipplewood Advisors LLC purchased a new stake in Cameco during the fourth quarter worth approximately $33,000. Finally, Compass Planning Associates Inc acquired a new stake in shares of Cameco in the fourth quarter worth $36,000. Hedge funds and other institutional investors own 70.21% of the company's stock.

Cameco Stock Down 3.4 %

Shares of CCJ traded down $1.34 during midday trading on Thursday, hitting $38.71. The company had a trading volume of 1,994,235 shares, compared to its average volume of 4,125,922. The stock has a market cap of $16.85 billion, a price-to-earnings ratio of 138.29 and a beta of 1.04. The company's 50 day moving average price is $43.91 and its 200 day moving average price is $50.10. 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 52 week low of $35.00 and a 52 week high of $62.55.

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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 for the quarter, meeting the consensus estimate of $0.26. The firm had revenue of $845.54 million during the quarter, compared to analyst estimates of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. On average, equities research analysts predict that Cameco Co. will post 1.27 EPS for the current year.

Analyst Ratings Changes

CCJ has been the topic of several recent research reports. Stifel Nicolaus assumed coverage on shares of Cameco in a report on Wednesday, March 12th. They set a "buy" rating on the stock. Stifel Canada upgraded Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Desjardins began coverage on Cameco in a research note on Friday, April 4th. They issued a "buy" rating for the company. 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 target on the stock. Finally, StockNews.com downgraded shares of Cameco from a "hold" rating to a "sell" rating in a research report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, nine have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Cameco has a consensus rating of "Buy" and an average price target of $70.03.

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.