Intact Investment Management Inc. Boosts Holdings in Cameco Co. (NYSE:CCJ)

Intact Investment Management Inc. grew its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 88.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 179,250 shares of the basic materials company’s stock after purchasing an additional 84,190 shares during the quarter. Intact Investment Management Inc.’s holdings in Cameco were worth $7,729,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Morgan Stanley boosted its stake in shares of Cameco by 5.8% in the third quarter. Morgan Stanley now owns 7,752,258 shares of the basic materials company’s stock valued at $307,300,000 after purchasing an additional 428,310 shares during the period. Guardian Capital LP raised its holdings in Cameco by 40.7% in the third quarter. Guardian Capital LP now owns 864,304 shares of the basic materials company’s stock valued at $34,451,000 after acquiring an additional 250,115 shares in the last quarter. Foster Victor Wealth Advisors LLC acquired a new stake in Cameco in the fourth quarter valued at approximately $3,956,000. Financial Insights Inc. acquired a new stake in Cameco in the third quarter valued at approximately $1,942,000. Finally, Platinum Investment Management Ltd. raised its holdings in Cameco by 156.3% in the third quarter. Platinum Investment Management Ltd. now owns 3,089,235 shares of the basic materials company’s stock valued at $122,605,000 after acquiring an additional 1,884,004 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Stock Up 0.4 %

CCJ stock traded up $0.19 during midday trading on Friday, reaching $49.35. 3,083,385 shares of the company were exchanged, compared to its average volume of 4,261,084. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 1.55. Cameco Co. has a 1-year low of $25.72 and a 1-year high of $52.64. The stock’s 50-day simple moving average is $44.43 and its 200 day simple moving average is $43.93. The company has a market cap of $21.43 billion, a price-to-earnings ratio of 82.18 and a beta of 0.92.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). Cameco had a return on equity of 5.61% and a net margin of 13.97%. The company had revenue of $620.00 million for the quarter. On average, equities analysts forecast that Cameco Co. will post 1.54 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Cameco in a report on Monday, April 1st. They issued a “buy” rating and a $55.00 target price on the stock. StockNews.com cut shares of Cameco from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Cameco presently has a consensus rating of “Moderate Buy” and an average price target of $62.75.

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.