Cameco Co. (NYSE:CCJ) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 31.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,518,655 shares of the basic materials company's stock after acquiring an additional 607,041 shares during the period. Geode Capital Management LLC owned approximately 0.58% of Cameco worth $130,550,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Cameco during the fourth quarter worth about $188,595,000. Alliancebernstein L.P. grew its holdings 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 during the period. AGF Management Ltd. increased its position in Cameco by 54.2% during the 4th 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 in the last quarter. Segra Capital Management LLC purchased a new position in Cameco in the third quarter valued at approximately $53,013,000. Finally, Wellington Management Group LLP lifted its position in Cameco by 35.9% during 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 in the last quarter. Institutional investors and hedge funds own 70.21% of the company's stock.

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Cameco Stock Up 5.5 %

CCJ traded up $2.13 on Friday, reaching $40.81. The company's stock had a trading volume of 4,789,609 shares, compared to its average volume of 4,128,777. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. Cameco Co. has a 1 year low of $35.00 and a 1 year high of $62.55. The business's 50 day moving average is $43.54 and its 200 day moving average is $50.00. The stock has a market cap of $17.76 billion, a price-to-earnings ratio of 145.74 and a beta of 1.04.

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, hitting the consensus estimate of $0.26. The company had revenue of $845.54 million during the quarter, compared to analyst estimates of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. As a group, research analysts forecast that Cameco Co. will post 1.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of Cameco from a "hold" rating to a "sell" rating in a research report on Wednesday, April 2nd. Stifel Nicolaus began coverage on Cameco in a report on Wednesday, March 12th. They issued a "buy" rating for the company. Sanford C. Bernstein initiated coverage on Cameco in a research note on Tuesday, April 1st. They set an "outperform" rating and a $52.00 price objective on the stock. Desjardins began coverage on Cameco in a research note on Friday, April 4th. They issued a "buy" rating for the company. Finally, Glj Research boosted their price target on Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $70.03.

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.