Cameco Co. (NYSE:CCJ) Position Increased by Wellington Shields Capital Management LLC

Wellington Shields Capital Management LLC increased its holdings in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 1,898.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 291,745 shares of the basic materials company's stock after buying an additional 277,145 shares during the period. Cameco comprises about 1.3% of Wellington Shields Capital Management LLC's holdings, making the stock its 20th largest position. Wellington Shields Capital Management LLC owned about 0.07% of Cameco worth $14,993,000 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 purchased a new stake in shares of Cameco during the fourth quarter worth about $25,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Cameco during the fourth quarter worth about $28,000. Pingora Partners LLC purchased a new stake in shares of Cameco during the third quarter worth about $33,000. Whipplewood Advisors LLC purchased a new stake in shares of Cameco during the fourth quarter worth about $33,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of Cameco during the fourth quarter worth about $36,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Stock Down 0.5 %

Shares of NYSE:CCJ traded down $0.24 during midday trading on Tuesday, reaching $43.09. The company had a trading volume of 2,387,227 shares, compared to its average volume of 4,088,575. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The stock's fifty day moving average price is $47.57 and its 200-day moving average price is $50.05. The stock has a market capitalization of $18.76 billion, a P/E ratio of 153.90 and a beta of 1.04. Cameco Co. has a one year low of $35.43 and a one year high of $62.55.

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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 analysts' consensus estimates of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The business had revenue of $845.54 million during the quarter, compared to analyst estimates of $1.09 billion. Equities research analysts expect that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

CCJ has been the topic of several research analyst reports. Glj Research raised their target price on shares of Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research report on Wednesday, March 12th. Stifel Canada raised shares of Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Stifel Nicolaus initiated coverage on shares of Cameco in a research report on Wednesday, March 12th. They issued a "buy" rating on the stock. StockNews.com cut shares of Cameco from a "hold" rating to a "sell" rating in a research report on Tuesday, March 11th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $90.00 target price on shares of Cameco in a research report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, seven have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $73.64.

Cameco Company 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.