TD Asset Management Inc. Grows Holdings in Cameco Co. (NYSE:CCJ)

TD Asset Management Inc. increased its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 0.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,033,323 shares of the basic materials company’s stock after purchasing an additional 17,680 shares during the period. TD Asset Management Inc. owned approximately 0.47% of Cameco worth $104,494,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. AGF Management Ltd. grew its stake in shares of Cameco by 54.2% in the fourth quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company’s stock valued at $174,433,000 after buying an additional 1,193,266 shares in the last quarter. Segra Capital Management LLC purchased a new position in Cameco during the 3rd quarter valued at about $53,013,000. Fred Alger Management LLC grew its position in Cameco by 99.7% in the 3rd quarter. Fred Alger Management LLC now owns 1,680,259 shares of the basic materials company’s stock valued at $80,249,000 after acquiring an additional 839,077 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Cameco during the fourth quarter worth about $34,440,000. Finally, Van ECK Associates Corp lifted its position in shares of Cameco by 34.6% during the fourth quarter. Van ECK Associates Corp now owns 2,132,615 shares of the basic materials company’s stock worth $109,592,000 after purchasing an additional 547,793 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Performance

Shares of CCJ opened at $44.47 on Wednesday. The company has a market capitalization of $19.36 billion, a price-to-earnings ratio of 158.82 and a beta of 1.04. Cameco Co. has a 52-week low of $35.43 and a 52-week high of $62.55. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average price of $46.88 and a 200 day moving average price of $50.28.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The business had revenue of $845.54 million during the quarter, compared to analysts’ expectations of $1.09 billion. Research analysts predict that Cameco Co. will post 1.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CCJ. Stifel Canada raised shares of Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $90.00 price objective on shares of Cameco in a research note on Tuesday, March 4th. Glj Research lifted their target price on Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a report on Wednesday, March 12th. StockNews.com upgraded Cameco from a “sell” rating to a “hold” rating in a report on Wednesday, March 19th. Finally, Stifel Nicolaus began coverage on Cameco in a research note on Wednesday, March 12th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $73.64.

Cameco Company 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.