Prudential PLC Takes Position in Cameco Co. (NYSE:CCJ)

Prudential PLC bought a new stake in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,620 shares of the basic materials company's stock, valued at approximately $854,000.

Other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC raised its position in shares of Cameco by 37.4% in the fourth quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company's stock valued at $43,000 after purchasing an additional 226 shares during the period. Heritage Wealth Management Inc. lifted its position in Cameco by 0.8% during the 4th quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company's stock worth $1,587,000 after acquiring an additional 250 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Cameco by 48.6% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company's stock valued at $42,000 after acquiring an additional 267 shares during the period. EdgeRock Capital LLC grew its position in shares of Cameco by 2.2% in the fourth quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company's stock valued at $719,000 after purchasing an additional 297 shares during the last quarter. Finally, Highview Capital Management LLC DE increased its stake in shares of Cameco by 5.0% in the fourth quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company's stock worth $321,000 after purchasing an additional 300 shares during the period. 70.21% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CCJ. Glj Research upped their price target on Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a report on Wednesday, March 12th. Desjardins initiated coverage on shares of Cameco in a report on Friday, April 4th. They issued a "buy" rating for the company. Sanford C. Bernstein initiated coverage on shares of Cameco in a research report on Tuesday, April 1st. They set an "outperform" rating and a $52.00 price objective for the company. Stifel Nicolaus started coverage on Cameco in a research note on Wednesday, March 12th. They set a "buy" rating on the stock. Finally, Stifel Canada raised Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Cameco currently has a consensus rating of "Buy" and a consensus price target of $70.03.

Cameco Price Performance

Cameco stock traded up $1.86 during trading hours on Friday, hitting $40.54. 1,685,273 shares of the stock were exchanged, compared to its average volume of 4,123,990. Cameco Co. has a 12 month low of $35.00 and a 12 month high of $62.55. The business's 50-day moving average is $43.73 and its two-hundred day moving average is $50.05. 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 stock has a market capitalization of $17.65 billion, a P/E ratio of 144.86 and a beta of 1.04.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The business had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. Equities research analysts expect that Cameco Co. will post 1.27 EPS for the current fiscal year.

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.