National Bank of Canada FI Raises Holdings in Cameco Co. (NYSE:CCJ)

National Bank of Canada FI grew its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 25.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,180,221 shares of the basic materials company’s stock after buying an additional 850,704 shares during the quarter. National Bank of Canada FI owned 0.96% of Cameco worth $175,714,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in CCJ. M&T Bank Corp raised its stake in Cameco by 40.0% in the fourth quarter. M&T Bank Corp now owns 8,016 shares of the basic materials company’s stock valued at $345,000 after buying an additional 2,290 shares in the last quarter. Summit Financial LLC raised its position in shares of Cameco by 18.3% during the 4th quarter. Summit Financial LLC now owns 35,137 shares of the basic materials company’s stock worth $1,514,000 after acquiring an additional 5,441 shares in the last quarter. Beck Bode LLC purchased a new stake in Cameco during the fourth quarter worth approximately $1,810,000. Savant Capital LLC boosted its holdings in Cameco by 7.9% in the fourth quarter. Savant Capital LLC now owns 13,591 shares of the basic materials company’s stock valued at $586,000 after purchasing an additional 994 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. increased its stake in Cameco by 30.7% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 12,940 shares of the basic materials company’s stock valued at $558,000 after purchasing an additional 3,037 shares during the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CCJ has been the subject of several research analyst reports. StockNews.com cut shares of Cameco from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. The Goldman Sachs Group began coverage on Cameco in a research report on Monday, April 1st. They set a “buy” rating and a $55.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.75.

Cameco Stock Performance

Cameco stock traded down $0.01 during midday trading on Friday, hitting $48.41. 2,224,703 shares of the company’s stock were exchanged, compared to its average volume of 4,342,076. The firm’s 50 day simple moving average is $45.07 and its 200 day simple moving average is $44.31. Cameco Co. has a 12-month low of $26.15 and a 12-month high of $52.64. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 1.42. The stock has a market cap of $21.02 billion, a price-to-earnings ratio of 124.13 and a beta of 0.92.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Thursday, February 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.06). Cameco had a net margin of 9.28% and a return on equity of 4.60%. The company had revenue of $620.00 million during the quarter. Equities research analysts predict that Cameco Co. will post 1.37 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.