Proficio Capital Partners LLC Buys New Shares in Cameco Co. (NYSE:CCJ)

Proficio Capital Partners LLC bought a new position in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 23,588 shares of the basic materials company's stock, valued at approximately $1,212,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Oppenheimer Asset Management Inc. purchased a new position in shares of Cameco in the fourth quarter worth approximately $388,000. Nwam LLC increased its position in shares of Cameco by 10.1% in the fourth quarter. Nwam LLC now owns 70,632 shares of the basic materials company's stock worth $3,630,000 after acquiring an additional 6,502 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Cameco in the fourth quarter worth approximately $33,000. Sprott Inc. increased its position in shares of Cameco by 44.5% in the fourth quarter. Sprott Inc. now owns 111,896 shares of the basic materials company's stock worth $5,750,000 after acquiring an additional 34,483 shares in the last quarter. Finally, Canton Hathaway LLC increased its position in shares of Cameco by 8.9% in the fourth quarter. Canton Hathaway LLC now owns 10,050 shares of the basic materials company's stock worth $516,000 after acquiring an additional 820 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors.

Cameco Stock Down 0.6 %

CCJ stock traded down $0.26 during trading hours on Friday, hitting $41.87. The company's stock had a trading volume of 4,137,657 shares, compared to its average volume of 4,129,836. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $18.23 billion, a PE ratio of 149.54 and a beta of 1.04. Cameco Co. has a 12 month low of $35.43 and a 12 month high of $62.55. The stock has a 50 day moving average price of $48.80 and a two-hundred day moving average price of $49.96.

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Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. The company had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. On average, equities research analysts expect 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 research analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $90.00 price objective on shares of Cameco in a research report on Tuesday, March 4th. StockNews.com raised shares of Cameco from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. One research analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Cameco currently has a consensus rating of "Buy" and an average target price of $71.25.

Cameco 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.