Ossiam Purchases New Holdings in Cameco Co. (NYSE:CCJ)

Ossiam bought a new stake in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 71,272 shares of the basic materials company's stock, valued at approximately $3,663,000.

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

Wall Street Analyst Weigh In

CCJ has been the topic of a number of research reports. Stifel Canada upgraded Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Royal Bank of Canada reissued an "outperform" rating and set a $90.00 target price on shares of Cameco in a report on Tuesday, March 4th. Desjardins assumed coverage on shares of Cameco in a research note on Friday, April 4th. They set a "buy" rating for the company. Stifel Nicolaus assumed coverage on shares of Cameco in a research note on Wednesday, March 12th. They issued a "buy" rating on the stock. Finally, Glj Research lifted their target price on Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a report on Wednesday, March 12th. One analyst has rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $70.03.

Cameco Stock Down 0.5 %

NYSE CCJ traded down $0.21 during mid-day trading on Friday, hitting $43.68. The company's stock had a trading volume of 1,155,896 shares, compared to its average volume of 4,087,197. 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 company's 50 day simple moving average is $42.12 and its 200 day simple moving average is $49.49. Cameco Co. has a twelve month low of $35.00 and a twelve month high of $62.55. The firm has a market capitalization of $19.01 billion, a price-to-earnings ratio of 156.27 and a beta of 1.04.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, meeting analysts' consensus estimates of $0.26. The company 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%. Analysts anticipate that Cameco Co. will post 1.27 earnings per share for the current year.

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.