Ranch Capital Advisors Inc. Makes New $342,000 Investment in Cameco Co. (NYSE:CCJ)

Ranch Capital Advisors Inc. bought a new position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) in the 4th quarter, HoldingsChannel.com reports. The fund bought 6,655 shares of the basic materials company’s stock, valued at approximately $342,000.

Other institutional investors have also modified their holdings of the company. Sierra Ocean LLC acquired a new stake in shares of Cameco in the fourth quarter valued at $25,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Cameco in the fourth quarter valued at $28,000. Whipplewood Advisors LLC acquired a new stake in shares of Cameco in the fourth quarter valued at $33,000. Pingora Partners LLC acquired a new stake in shares of Cameco in the third quarter valued at $33,000. Finally, Compass Planning Associates Inc acquired a new stake in shares of Cameco in the fourth quarter valued at $36,000. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Stock Down 0.6 %

Shares of NYSE CCJ opened at $41.87 on Monday. The company has a market capitalization of $18.23 billion, a price-to-earnings ratio of 149.54 and a beta of 1.04. 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 business has a 50-day moving average of $48.80 and a two-hundred day moving average of $50.02. Cameco Co. has a 1 year low of $35.43 and a 1 year high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last announced 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. The company had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. On average, analysts forecast that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CCJ. StockNews.com raised Cameco from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Royal Bank of Canada reissued an “outperform” rating and set a $90.00 target price on shares of Cameco in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Cameco presently has an average rating of “Buy” and an average target price of $71.25.

About Cameco

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.