23,588 Shares in Cameco Co. (NYSE:CCJ) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 23,588 shares of the basic materials company's stock, valued at approximately $1,212,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. M&T Bank Corp raised its stake in Cameco by 94.5% in the fourth quarter. M&T Bank Corp now owns 9,184 shares of the basic materials company's stock valued at $472,000 after purchasing an additional 4,463 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Cameco by 304,100.0% during the 4th quarter. Assetmark Inc. now owns 3,042 shares of the basic materials company's stock valued at $156,000 after buying an additional 3,041 shares in the last quarter. Laffer Tengler Investments Inc. bought a new stake in shares of Cameco in the 4th quarter worth approximately $210,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Cameco by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 935,507 shares of the basic materials company's stock valued at $48,077,000 after purchasing an additional 32,867 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of Cameco by 4.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 21,591 shares of the basic materials company's stock valued at $1,110,000 after purchasing an additional 1,009 shares during the last quarter. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Cameco Stock Up 2.7 %

Shares of CCJ traded up $1.20 on Monday, hitting $45.73. 2,386,310 shares of the stock traded hands, compared to its average volume of 4,089,724. The company has a market capitalization of $19.91 billion, a PE ratio of 163.34 and a beta of 1.04. Cameco Co. has a one year low of $35.43 and a one year high of $62.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The business has a 50 day simple moving average of $47.03 and a 200 day simple moving average of $50.18.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.26. The firm had revenue of $845.54 million for 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%. As a group, equities analysts forecast that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CCJ. Stifel Nicolaus initiated coverage on Cameco in a research note on Wednesday, March 12th. They issued a "buy" rating for the company. Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. StockNews.com upgraded Cameco from a "sell" rating to a "hold" rating in a report on Wednesday, March 19th. Glj Research raised their target price on Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a research note on Wednesday, March 12th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $90.00 price target on shares of Cameco in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $73.64.

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.