Van ECK Associates Corp Raises Stake in Cameco Co. (NYSE:CCJ)

Van ECK Associates Corp raised its position in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 34.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,132,615 shares of the basic materials company's stock after acquiring an additional 547,793 shares during the quarter. Van ECK Associates Corp owned approximately 0.49% of Cameco worth $109,592,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CCJ. Dantai Capital Ltd raised its holdings in Cameco by 44.2% during the third quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company's stock worth $2,735,000 after purchasing an additional 17,560 shares in the last quarter. Roberts Wealth Advisors LLC acquired a new stake in Cameco during the fourth quarter worth approximately $895,000. Whalen Wealth Management Inc. acquired a new stake in Cameco during the fourth quarter worth approximately $445,000. iA Global Asset Management Inc. acquired a new stake in Cameco during the third quarter worth approximately $5,305,000. Finally, Telemark Asset Management LLC raised its holdings in Cameco by 8.3% during the third quarter. Telemark Asset Management LLC now owns 1,300,000 shares of the basic materials company's stock worth $62,088,000 after purchasing an additional 100,000 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company's stock.

Cameco Stock Down 3.8 %

CCJ stock traded down $1.86 during midday trading on Monday, reaching $47.22. 5,178,500 shares of the company were exchanged, compared to its average volume of 4,709,515. The stock's 50-day simple moving average is $51.80 and its 200 day simple moving average is $49.55. The company has a market cap of $20.56 billion, a price-to-earnings ratio of 248.56 and a beta of 0.94. Cameco Co. has a 1-year low of $35.43 and a 1-year high of $62.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.

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.