Wellington Management Group LLP raised its stake in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 35.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,590,976 shares of the basic materials company's stock after purchasing an additional 685,145 shares during the period. Wellington Management Group LLP owned approximately 0.60% of Cameco worth $133,151,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dantai Capital Ltd increased its position in shares of Cameco by 44.2% during the third quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company's stock valued at $2,735,000 after purchasing an additional 17,560 shares during the period. Roberts Wealth Advisors LLC bought a new stake in Cameco in the 4th quarter valued at $895,000. Whalen Wealth Management Inc. acquired a new position in shares of Cameco in the 4th quarter valued at $445,000. Sprott Inc. lifted its holdings in shares of Cameco by 44.5% during the 4th quarter. Sprott Inc. now owns 111,896 shares of the basic materials company's stock worth $5,750,000 after acquiring an additional 34,483 shares during the period. Finally, iA Global Asset Management Inc. acquired a new stake in shares of Cameco during the 3rd quarter valued at about $5,305,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
CCJ has been the subject of several recent research reports. Stifel Nicolaus assumed coverage on shares of Cameco in a research report on Wednesday, March 12th. They issued a "buy" rating for the company. Glj Research raised their target price on Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research report on Wednesday, March 12th. StockNews.com lowered Cameco from a "hold" rating to a "sell" rating in a research note on Wednesday, April 2nd. Stifel Canada upgraded Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Finally, Desjardins started coverage on shares of Cameco in a research note on Friday. 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $70.03.
Get Our Latest Stock Report on CCJ
Cameco Price Performance
Shares of Cameco stock traded down $0.64 during trading on Monday, reaching $37.19. The company's stock had a trading volume of 6,236,862 shares, compared to its average volume of 4,116,370. The stock has a 50-day moving average price of $44.81 and a two-hundred day moving average price of $50.36. The stock has a market capitalization of $16.19 billion, a P/E ratio of 132.82 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 Co. has a one year low of $35.00 and a one year high of $62.55.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, hitting analysts' consensus estimates of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The company had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. As a group, sell-side analysts anticipate that Cameco Co. will post 1.27 EPS for the current fiscal year.
Cameco Profile
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Free Report)
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.
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