DF Dent & Co. Inc. Decreases Stock Position in Cameco Co. (NYSE:CCJ)

DF Dent & Co. Inc. decreased its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,266 shares of the basic materials company’s stock after selling 717 shares during the period. DF Dent & Co. Inc.’s holdings in Cameco were worth $4,073,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new position in shares of Cameco in the fourth quarter worth about $25,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Cameco during the 4th quarter worth approximately $28,000. Whipplewood Advisors LLC acquired a new position in shares of Cameco in the 4th quarter valued at approximately $33,000. Compass Planning Associates Inc purchased a new position in shares of Cameco during the 4th quarter valued at approximately $36,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Cameco during the 3rd quarter valued at approximately $38,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on CCJ. Stifel Canada raised shares of Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Royal Bank of Canada restated an “outperform” rating and issued a $90.00 target price on shares of Cameco in a research note on Tuesday, March 4th. StockNews.com downgraded Cameco from a “hold” rating to a “sell” rating in a research note on Wednesday. Glj Research upped their price objective on Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a research note on Wednesday, March 12th. Finally, Stifel Nicolaus began coverage on Cameco in a research report on Wednesday, March 12th. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, eight have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $70.03.

Cameco Stock Down 3.6 %

NYSE:CCJ opened at $40.93 on Friday. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average of $45.38 and a 200-day moving average of $50.27. The firm has a market capitalization of $17.82 billion, a PE ratio of 146.16 and a beta of 1.04. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results 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 return on equity of 4.34% and a net margin of 5.39%. The firm had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. Analysts predict that Cameco Co. will post 1.27 EPS for the current 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.