Scotia Capital Inc. Purchases 54,811 Shares of Cameco Co. (NYSE:CCJ)

Scotia Capital Inc. increased its holdings in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 5.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,011,962 shares of the basic materials company's stock after acquiring an additional 54,811 shares during the quarter. Scotia Capital Inc. owned approximately 0.23% of Cameco worth $51,891,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sierra Ocean LLC acquired a new position in shares of Cameco during the fourth quarter worth approximately $25,000. Hurley Capital LLC bought a new position in Cameco in the 4th quarter valued at about $27,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Cameco in the fourth quarter valued at approximately $28,000. Whipplewood Advisors LLC bought a new stake in Cameco during the fourth quarter worth approximately $33,000. Finally, Compass Planning Associates Inc acquired a new position in shares of Cameco during the 4th quarter valued at $36,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Price Performance

CCJ stock traded down $0.10 during trading on Monday, hitting $40.74. The company had a trading volume of 1,307,789 shares, compared to its average volume of 4,098,830. The company has a market cap of $17.73 billion, a P/E ratio of 145.50 and a beta of 1.04. Cameco Co. has a fifty-two week low of $35.00 and a fifty-two week high of $62.55. 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 has a fifty day moving average price of $43.54 and a two-hundred day moving average price of $50.01.

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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. The business 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%. Equities research analysts expect that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CCJ has been the subject of several research reports. 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. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $90.00 price objective on shares of Cameco in a research note on Tuesday, March 4th. Stifel Canada raised shares of Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Sanford C. Bernstein started coverage on Cameco in a report on Tuesday, April 1st. They set an "outperform" rating and a $52.00 target price for the company. Finally, Stifel Nicolaus started coverage on Cameco in a report on Wednesday, March 12th. They issued a "buy" rating on the stock. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and three have given 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 $70.03.

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.