Cameco Co. (NYSE:CCJ) Stock Position Increased by S&CO Inc.

S&CO Inc. boosted its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 0.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 565,431 shares of the basic materials company’s stock after purchasing an additional 2,860 shares during the quarter. Cameco comprises 2.0% of S&CO Inc.’s holdings, making the stock its 12th biggest position. S&CO Inc.’s holdings in Cameco were worth $29,057,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Ranch Capital Advisors Inc. bought a new stake in Cameco in the 4th quarter valued at about $342,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Cameco by 3.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 264,343 shares of the basic materials company’s stock valued at $13,585,000 after purchasing an additional 8,909 shares during the last quarter. Amundi lifted its position in Cameco by 1.5% in the 4th quarter. Amundi now owns 2,156,893 shares of the basic materials company’s stock valued at $110,821,000 after purchasing an additional 32,825 shares during the last quarter. Larson Financial Group LLC lifted its position in Cameco by 37.4% in the 4th quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 226 shares during the last quarter. Finally, Intellectus Partners LLC lifted its position in Cameco by 4.4% in the 4th quarter. Intellectus Partners LLC now owns 91,838 shares of the basic materials company’s stock valued at $4,720,000 after purchasing an additional 3,878 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CCJ has been the topic of a number of recent analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $90.00 price target on shares of Cameco in a research report on Tuesday, March 4th. StockNews.com upgraded shares of Cameco from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. One analyst has rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Cameco has an average rating of “Buy” and an average price target of $71.25.

Cameco Stock Performance

Shares of CCJ opened at $40.72 on Tuesday. The firm’s 50 day moving average is $48.59 and its 200-day moving average is $50.02. The stock has a market capitalization of $17.72 billion, a P/E ratio of 145.42 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. Cameco Co. has a 12-month low of $35.43 and a 12-month high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data 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 company had revenue of $845.54 million for the quarter, compared to analysts’ expectations of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. Equities research analysts anticipate that Cameco Co. will post 1.27 EPS for the current fiscal year.

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.