Cameco Co. (NYSE:CCJ) Shares Acquired by Sprott Inc.

Sprott Inc. boosted its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 44.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 111,896 shares of the basic materials company’s stock after buying an additional 34,483 shares during the quarter. Sprott Inc.’s holdings in Cameco were worth $5,750,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc boosted its stake in shares of Cameco by 58.0% during the 3rd quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock worth $181,382,000 after acquiring an additional 1,386,639 shares in the last quarter. Bridgewater Associates LP boosted its position in shares of Cameco by 19.9% in the 3rd quarter. Bridgewater Associates LP now owns 2,478,488 shares of the basic materials company’s stock valued at $118,386,000 after purchasing an additional 410,711 shares during the period. Progeny 3 Inc. boosted its position in shares of Cameco by 7.5% in the 3rd quarter. Progeny 3 Inc. now owns 2,268,132 shares of the basic materials company’s stock valued at $108,326,000 after purchasing an additional 159,200 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Cameco by 9.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,175,038 shares of the basic materials company’s stock worth $103,968,000 after buying an additional 187,512 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in 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 valued at $102,737,000 after buying an additional 664,828 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Trading Up 0.6 %

Shares of NYSE CCJ opened at $43.55 on Wednesday. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. Cameco Co. has a one year low of $35.43 and a one year high of $62.55. The business has a 50-day moving average price of $50.37 and a two-hundred day moving average price of $49.89. The firm has a market capitalization of $18.96 billion, a PE ratio of 155.54 and a beta of 0.94.

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

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. One research analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Cameco presently has a consensus rating of “Buy” and a consensus target price of $66.56.

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.