Cameco Co. (NYSE:CCJ) Stake Lowered by Swiss National Bank

Swiss National Bank cut its stake in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,263,300 shares of the basic materials company's stock after selling 51,100 shares during the quarter. Swiss National Bank owned about 0.29% of Cameco worth $64,924,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CCJ. Sierra Ocean LLC purchased a new position in Cameco in the fourth quarter valued at about $25,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Cameco in the fourth quarter valued at about $28,000. Pingora Partners LLC purchased a new position in Cameco in the third quarter valued at about $33,000. Whipplewood Advisors LLC purchased a new position in Cameco in the fourth quarter valued at about $33,000. Finally, Compass Planning Associates Inc purchased a new position in Cameco in the fourth quarter valued at about $36,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on CCJ shares. Stifel Nicolaus started coverage on Cameco in a research report on Wednesday, March 12th. They issued a "buy" rating on the stock. Glj Research boosted their price target on Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research note on Wednesday, March 12th. Stifel Canada upgraded Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. StockNews.com upgraded Cameco from a "sell" rating to a "hold" rating in a research note on Wednesday. Finally, Royal Bank of Canada reiterated 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 given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Cameco has an average rating of "Buy" and an average target price of $73.64.

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Cameco Stock Up 2.5 %

NYSE CCJ traded up $1.08 on Wednesday, hitting $44.17. 3,027,991 shares of the stock traded hands, compared to its average volume of 4,601,749. The stock has a 50-day moving average of $47.40 and a 200 day moving average of $50.07. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $62.55. The company has a market capitalization of $19.23 billion, a P/E ratio of 157.74 and a beta of 1.04. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20.

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