Sciencast Management LP Makes New Investment in Cameco Co. (NYSE:CCJ)

Sciencast Management LP 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 13F filing with the Securities and Exchange Commission (SEC). The firm bought 57,195 shares of the basic materials company's stock, valued at approximately $2,939,000.

Several other institutional investors have also bought and sold shares of the stock. Sierra Ocean LLC bought a new position in shares of Cameco during the fourth quarter valued at about $25,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Cameco during the fourth quarter valued at approximately $28,000. Pingora Partners LLC bought a new position in Cameco in the 3rd quarter valued at $33,000. Whipplewood Advisors LLC purchased a new position in shares of Cameco in the 4th quarter worth about $33,000. Finally, Compass Planning Associates Inc bought a new stake in Cameco in the fourth quarter worth about $36,000. Institutional investors own 70.21% of the company's stock.

Cameco Price Performance

CCJ traded down $1.25 on Wednesday, reaching $43.24. The company had a trading volume of 2,639,236 shares, compared to its average volume of 4,079,709. Cameco Co. has a 52-week low of $35.43 and a 52-week high of $62.55. The business has a 50 day simple moving average of $46.88 and a 200 day simple moving average of $50.28. The company has a market cap of $18.82 billion, a price-to-earnings ratio of 154.41 and a beta of 1.04. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.

Remove Ads

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued 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 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, sell-side analysts anticipate that Cameco Co. will post 1.27 EPS for the current year.

Wall Street Analyst Weigh In

CCJ has been the topic of several research analyst reports. StockNews.com upgraded Cameco from a "sell" rating to a "hold" rating in a research note on Wednesday, March 19th. Stifel Nicolaus initiated coverage on Cameco in a research report on Wednesday, March 12th. They set a "buy" rating on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $90.00 price objective on shares of Cameco in a report on Tuesday, March 4th. Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Finally, Glj Research lifted their price objective on shares of Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, Cameco currently has a consensus rating of "Buy" and an average target price of $73.64.

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.