Cameco Co. (NYSE:CCJ) Holdings Raised by NewEdge Advisors LLC

NewEdge Advisors LLC raised its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 5.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 115,579 shares of the basic materials company’s stock after purchasing an additional 6,284 shares during the period. NewEdge Advisors LLC’s holdings in Cameco were worth $5,940,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. FMR LLC boosted its holdings in shares of Cameco by 8.7% in the 4th quarter. FMR LLC now owns 22,639,647 shares of the basic materials company’s stock valued at $1,163,942,000 after buying an additional 1,811,876 shares during the period. Vanguard Group Inc. boosted its stake in Cameco by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 16,784,270 shares of the basic materials company’s stock valued at $862,997,000 after acquiring an additional 270,102 shares during the period. Alliancebernstein L.P. grew its holdings in shares of Cameco by 13.5% during the fourth quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company’s stock valued at $518,443,000 after purchasing an additional 1,196,336 shares during the last quarter. Norges Bank acquired a new stake in shares of Cameco during the 4th quarter worth approximately $188,595,000. Finally, AGF Management Ltd. lifted its holdings in shares of Cameco by 54.2% in the 4th quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company’s stock worth $174,433,000 after purchasing an additional 1,193,266 shares during the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on CCJ shares. Sanford C. Bernstein began coverage on Cameco in a research report on Tuesday, April 1st. They issued an “outperform” rating and a $52.00 target price on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $90.00 price objective on shares of Cameco in a research report on Tuesday, March 4th. StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a research note on Tuesday. Stifel Nicolaus started coverage on shares of Cameco in a research note on Wednesday, March 12th. They issued a “buy” rating on the stock. Finally, Glj Research increased their price objective on Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a report on Wednesday, March 12th. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Cameco presently has an average rating of “Buy” and a consensus target price of $70.03.

Cameco Stock Down 0.4 %

Shares of CCJ stock opened at $41.12 on Friday. Cameco Co. has a 1 year low of $35.00 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. The business’s fifty day moving average is $42.67 and its 200-day moving average is $49.74. The stock has a market cap of $17.90 billion, a PE ratio of 146.84 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 EPS for the quarter, hitting the consensus estimate of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The firm had revenue of $845.54 million for the quarter, compared to analysts’ expectations of $1.09 billion. Equities 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.