Cameco Corporation (NYSE:CCJ) Shares Purchased by S.A. Mason LLC

S.A. Mason LLC boosted its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 12.0% in the first quarter, HoldingsChannel reports. The firm owned 4,150 shares of the basic materials company’s stock after buying an additional 445 shares during the period. S.A. Mason LLC’s holdings in Cameco were worth $171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Cameco during the fourth quarter worth about $188,595,000. FMR LLC boosted its position in Cameco by 8.7% in the 4th quarter. FMR LLC now owns 22,639,647 shares of the basic materials company’s stock worth $1,163,942,000 after purchasing an additional 1,811,876 shares in the last quarter. Driehaus Capital Management LLC grew its stake in shares of Cameco by 120.2% during the 4th quarter. Driehaus Capital Management LLC now owns 2,245,539 shares of the basic materials company’s stock worth $115,398,000 after purchasing an additional 1,225,966 shares during the period. Alliancebernstein L.P. grew its stake in shares of Cameco by 13.5% during the 4th quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company’s stock worth $518,443,000 after purchasing an additional 1,196,336 shares during the period. Finally, AGF Management Ltd. increased its holdings in shares of Cameco by 54.2% during the 4th quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company’s stock valued at $174,433,000 after purchasing an additional 1,193,266 shares in the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CCJ has been the topic of several analyst reports. Raymond James Financial restated an “outperform” rating on shares of Cameco in a research report on Wednesday, June 18th. The Goldman Sachs Group increased their target price on shares of Cameco from $65.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, June 11th. Stifel Nicolaus initiated coverage on Cameco in a research note on Wednesday, March 12th. They issued a “buy” rating for the company. UBS Group reissued a “buy” rating on shares of Cameco in a report on Tuesday, June 10th. Finally, Sanford C. Bernstein set a $70.00 price objective on Cameco and gave the company an “outperform” rating in a research report on Tuesday, June 10th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $77.30.

Cameco Stock Up 3.8%

NYSE CCJ opened at $72.38 on Wednesday. The business’s fifty day simple moving average is $54.92 and its 200-day simple moving average is $50.00. The company has a quick ratio of 1.26, a current ratio of 2.70 and a debt-to-equity ratio of 0.15. The firm has a market cap of $31.51 billion, a PE ratio of 180.95 and a beta of 0.97. Cameco Corporation has a 52 week low of $35.00 and a 52 week high of $72.79.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Thursday, May 1st. The basic materials company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). The firm had revenue of $549.58 million for the quarter, compared to analysts’ expectations of $890.07 million. Cameco had a return on equity of 4.47% and a net margin of 7.50%. Cameco’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same period last year, the firm earned $0.13 earnings per share. As a group, equities analysts anticipate that Cameco Corporation 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.