Stifel Financial Corp Purchases 22,111 Shares of Cameco Co. (NYSE:CCJ)

Stifel Financial Corp lifted its holdings in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 400,061 shares of the basic materials company's stock after purchasing an additional 22,111 shares during the quarter. Stifel Financial Corp owned 0.09% of Cameco worth $20,559,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CCJ. Norges Bank purchased a new position in Cameco in the 4th quarter worth approximately $188,595,000. FMR LLC raised its holdings in shares of Cameco by 8.7% during the 4th quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock valued at $1,163,942,000 after buying an additional 1,811,876 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Cameco by 13.5% in the fourth quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company's stock worth $518,443,000 after buying an additional 1,196,336 shares in the last quarter. AGF Management Ltd. raised its stake in shares of Cameco by 54.2% during the fourth quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company's stock worth $174,433,000 after acquiring an additional 1,193,266 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Cameco by 35.9% in the 4th quarter. Wellington Management Group LLP now owns 2,590,976 shares of the basic materials company's stock worth $133,151,000 after acquiring an additional 685,145 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors.

Cameco Stock Up 0.2 %

Shares of NYSE:CCJ traded up $0.10 during trading on Tuesday, hitting $45.42. The stock had a trading volume of 2,707,957 shares, compared to its average volume of 4,095,130. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. Cameco Co. has a 12 month low of $35.00 and a 12 month high of $62.55. The company has a market capitalization of $19.77 billion, a PE ratio of 162.21 and a beta of 1.04. The firm's fifty day moving average is $42.02 and its 200 day moving average is $49.38.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, meeting analysts' consensus estimates of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The firm had revenue of $845.54 million for the quarter, compared to analysts' expectations of $1.09 billion. Analysts anticipate that Cameco Co. will post 1.27 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on CCJ shares. StockNews.com upgraded Cameco from a "sell" rating to a "hold" rating in a report on Tuesday, April 15th. Desjardins began coverage on Cameco in a research note on Friday, April 4th. They set a "buy" rating for the company. Stifel Canada raised shares of Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Stifel Nicolaus assumed coverage on shares of Cameco in a research report on Wednesday, March 12th. They set a "buy" rating for the company. Finally, Sanford C. Bernstein assumed coverage on shares of Cameco in a research report on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 price objective on the stock. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Cameco currently has a consensus rating of "Buy" and an average price target 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.