Cameco Co. (NYSE:CCJ) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC boosted its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 42.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 451,781 shares of the basic materials company’s stock after acquiring an additional 134,250 shares during the quarter. Intech Investment Management LLC owned 0.10% of Cameco worth $23,217,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Dantai Capital Ltd increased its position in Cameco by 44.2% in the 3rd quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock valued at $2,735,000 after acquiring an additional 17,560 shares during the period. Roberts Wealth Advisors LLC acquired a new position in shares of Cameco during the 4th quarter valued at $895,000. Whalen Wealth Management Inc. acquired a new position in shares of Cameco during the 4th quarter valued at $445,000. Sprott Inc. increased its position 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 valued at $5,750,000 after purchasing an additional 34,483 shares during the period. Finally, iA Global Asset Management Inc. acquired a new position in shares of Cameco during the 3rd quarter valued at $5,305,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Stifel Canada upgraded Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $90.00 price target on shares of Cameco in a research report on Tuesday, March 4th. Stifel Nicolaus started coverage on Cameco in a report on Wednesday, March 12th. They issued a “buy” rating on the stock. Glj Research upped 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. Finally, StockNews.com cut Cameco from a “hold” rating to a “sell” rating in a research note on Tuesday, March 11th. One investment 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. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $73.64.

Cameco Stock Up 2.1 %

CCJ opened at $43.35 on Tuesday. Cameco Co. has a fifty-two week low of $35.43 and a fifty-two week high of $62.55. 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 firm’s fifty day moving average price is $47.57 and its two-hundred day moving average price is $50.05. The company has a market capitalization of $18.87 billion, a P/E ratio of 154.81 and a beta of 1.04.

Cameco (NYSE:CCJ) (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 the consensus estimate of $0.26. The business had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. On average, analysts anticipate that Cameco Co. will post 1.27 EPS for the current 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.