Cameco Co. (NYSE:CCJ) Shares Bought by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. lifted its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 979,246 shares of the basic materials company’s stock after purchasing an additional 7,215 shares during the quarter. Cameco comprises about 0.8% of Tocqueville Asset Management L.P.’s investment portfolio, making the stock its 27th largest holding. Tocqueville Asset Management L.P. owned 0.22% of Cameco worth $50,323,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AGF Management Ltd. grew its stake in shares of Cameco by 54.2% in 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 buying an additional 1,193,266 shares in the last quarter. Segra Capital Management LLC acquired a new position in shares of Cameco in the third quarter valued at $53,013,000. Fred Alger Management LLC grew its position in Cameco by 99.7% in the third quarter. Fred Alger Management LLC now owns 1,680,259 shares of the basic materials company’s stock valued at $80,249,000 after acquiring an additional 839,077 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Cameco during the fourth quarter worth $34,440,000. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Cameco by 44.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,151,105 shares of the basic materials company’s stock worth $102,737,000 after purchasing an additional 664,828 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors.

Cameco Trading Up 1.5 %

CCJ stock opened at $42.44 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The firm has a fifty day moving average price of $47.80 and a 200 day moving average price of $50.03. The firm has a market cap of $18.47 billion, a PE ratio of 151.55 and a beta of 1.04. Cameco Co. has a fifty-two week low of $35.43 and a fifty-two week high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, meeting 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 during the quarter, compared to the consensus estimate of $1.09 billion. Sell-side analysts anticipate that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CCJ. Royal Bank of Canada reissued an “outperform” rating and issued a $90.00 target price on shares of Cameco in a research note on Tuesday, March 4th. Glj Research upped their price objective on Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a report on Wednesday, March 12th. Stifel Canada raised shares of Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Stifel Nicolaus initiated coverage on shares of Cameco in a research report on Wednesday, March 12th. They issued a “buy” rating for the company. Finally, StockNews.com lowered shares of Cameco from a “hold” rating to a “sell” rating in a research note on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, seven have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $73.64.

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.