Guardian Partners Inc. bought a new stake in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 29,375 shares of the basic materials company's stock, valued at approximately $1,509,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. AGF Management Ltd. increased its position in Cameco by 54.2% during the fourth quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company's stock valued at $174,433,000 after acquiring an additional 1,193,266 shares during the last quarter. Bridgewater Associates LP grew its stake in shares of Cameco by 19.9% during the 3rd quarter. Bridgewater Associates LP now owns 2,478,488 shares of the basic materials company's stock valued at $118,386,000 after purchasing an additional 410,711 shares during the period. Progeny 3 Inc. increased its position in shares of Cameco by 7.5% during the 3rd quarter. Progeny 3 Inc. now owns 2,268,132 shares of the basic materials company's stock valued at $108,326,000 after purchasing an additional 159,200 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Cameco by 9.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,175,038 shares of the basic materials company's stock worth $103,968,000 after purchasing an additional 187,512 shares during the period. Finally, Amundi boosted its holdings in shares of Cameco by 1.5% in the fourth quarter. Amundi now owns 2,156,893 shares of the basic materials company's stock worth $110,821,000 after buying an additional 32,825 shares during the last quarter. 70.21% of the stock is owned by institutional investors.
Cameco Price Performance
Shares of Cameco stock traded down $0.36 during trading hours on Thursday, hitting $42.89. The company's stock had a trading volume of 321,691 shares, compared to its average volume of 4,387,523. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. Cameco Co. has a 12-month low of $35.43 and a 12-month high of $62.55. The business has a 50 day moving average price of $46.75 and a two-hundred day moving average price of $50.23. The company has a market cap of $18.67 billion, a PE ratio of 153.11 and a beta of 1.04.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, hitting analysts' consensus estimates of $0.26. The company had revenue of $845.54 million for the quarter, compared to analysts' expectations of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. Analysts expect that Cameco Co. will post 1.27 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of analysts have commented on CCJ shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $90.00 target price on shares of Cameco in a report on Tuesday, March 4th. StockNews.com upgraded Cameco from a "sell" rating to a "hold" rating in a research note on Wednesday, March 19th. Stifel Canada upgraded Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Stifel Nicolaus started coverage on Cameco in a research report on Wednesday, March 12th. They issued a "buy" rating for the company. Finally, Glj Research raised their price objective on Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $73.64.
Check Out Our Latest Analysis on CCJ
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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