Cameco Co. (NYSE:CCJ) Shares Bought by Summit Financial LLC

Summit Financial LLC lifted its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 260.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 150,172 shares of the basic materials company’s stock after purchasing an additional 108,454 shares during the quarter. Summit Financial LLC’s holdings in Cameco were worth $7,717,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Sierra Ocean LLC acquired a new position in Cameco during the fourth quarter worth about $25,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Cameco in the 4th quarter valued at approximately $28,000. Pingora Partners LLC purchased a new position in Cameco in the 3rd quarter valued at approximately $33,000. Whipplewood Advisors LLC acquired a new position in Cameco during the fourth quarter worth $33,000. Finally, Compass Planning Associates Inc acquired a new stake in Cameco in the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

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

Cameco Stock Performance

Cameco stock opened at $41.83 on Monday. The stock has a fifty day moving average price of $46.42 and a 200 day moving average price of $50.38. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $62.55. The firm has a market capitalization of $18.21 billion, a P/E ratio of 149.40 and a beta of 1.04.

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 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 business had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. Equities research analysts anticipate that Cameco Co. will post 1.27 earnings per share 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.