Franklin Resources Inc. raised its position in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 37.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 171,612 shares of the basic materials company's stock after acquiring an additional 46,440 shares during the period. Franklin Resources Inc.'s holdings in Cameco were worth $8,814,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in CCJ. Norges Bank bought a new position in Cameco during the fourth quarter worth about $188,595,000. Alliancebernstein L.P. grew its position in shares of Cameco by 13.5% during the 4th quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company's stock worth $518,443,000 after purchasing an additional 1,196,336 shares in the last quarter. AGF Management Ltd. increased its holdings in shares of Cameco by 54.2% during the fourth quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company's stock worth $174,433,000 after purchasing an additional 1,193,266 shares during the period. Segra Capital Management LLC acquired a new stake in shares of Cameco in the third quarter valued at approximately $53,013,000. Finally, Wellington Management Group LLP boosted its stake in shares of Cameco by 35.9% in the fourth quarter. Wellington Management Group LLP now owns 2,590,976 shares of the basic materials company's stock valued at $133,151,000 after buying an additional 685,145 shares during the period. Institutional investors and hedge funds own 70.21% of the company's stock.
Cameco Price Performance
NYSE:CCJ traded up $2.13 on Friday, hitting $40.81. The company had a trading volume of 4,789,609 shares, compared to its average volume of 4,128,777. Cameco Co. has a 52 week low of $35.00 and a 52 week high of $62.55. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $17.76 billion, a price-to-earnings ratio of 145.74 and a beta of 1.04. The firm has a 50 day moving average of $43.54 and a two-hundred day moving average of $50.00.
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 for the quarter, hitting analysts' consensus estimates of $0.26. The business had revenue of $845.54 million for 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, research analysts anticipate that Cameco Co. will post 1.27 earnings per share for the current year.
Wall Street Analysts Forecast Growth
CCJ has been the topic of a number of recent research reports. StockNews.com lowered Cameco from a "hold" rating to a "sell" rating in a research note on Wednesday, April 2nd. Sanford C. Bernstein began coverage on shares of Cameco in a research report on Tuesday, April 1st. They set an "outperform" rating and a $52.00 price objective for the company. Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Royal Bank of Canada restated an "outperform" rating and issued a $90.00 target price on shares of Cameco in a research report on Tuesday, March 4th. Finally, Stifel Nicolaus initiated coverage on shares of Cameco in a research note on Wednesday, March 12th. They issued a "buy" rating on the stock. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $70.03.
Check Out Our Latest Stock Report 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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