Cameco Co. (NYSE:CCJ) Shares Bought by S&CO Inc.

S&CO Inc. boosted its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 565,431 shares of the basic materials company’s stock after purchasing an additional 2,860 shares during the period. Cameco makes up 2.0% of S&CO Inc.’s portfolio, making the stock its 12th biggest position. S&CO Inc. owned 0.13% of Cameco worth $29,057,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CCJ. Sierra Ocean LLC acquired a new stake in Cameco during the 4th quarter valued at $25,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Cameco during the 4th quarter valued at $28,000. Pingora Partners LLC acquired a new stake in Cameco during the 3rd quarter valued at $33,000. Whipplewood Advisors LLC acquired a new stake in Cameco during the 4th quarter valued at $33,000. Finally, Compass Planning Associates Inc acquired a new position in Cameco during the 4th quarter worth $36,000. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Trading Down 2.7 %

Cameco stock opened at $40.72 on Tuesday. The firm’s 50-day moving average is $48.59 and its 200-day moving average is $50.02. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. Cameco Co. has a 1 year low of $35.43 and a 1 year high of $62.55. The company has a market cap of $17.72 billion, a P/E ratio of 145.42 and a beta of 1.04.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The company had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. On average, equities analysts expect that Cameco Co. will post 1.27 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on CCJ shares. Royal Bank of Canada reissued an “outperform” rating and set a $90.00 price objective on shares of Cameco in a report on Tuesday, March 4th. StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a report on Friday, February 21st. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Cameco presently has a consensus rating of “Buy” and an average price target of $71.25.

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.