Cameco Co. (NYSE:CCJ) Stock Holdings Lifted by Titan Global Capital Management USA LLC

Titan Global Capital Management USA LLC raised its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 18.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,105 shares of the basic materials company’s stock after purchasing an additional 9,440 shares during the period. Titan Global Capital Management USA LLC’s holdings in Cameco were worth $3,140,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. EP Wealth Advisors LLC lifted its holdings in Cameco by 4.8% in the 3rd quarter. EP Wealth Advisors LLC now owns 6,921 shares of the basic materials company’s stock worth $331,000 after purchasing an additional 320 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Cameco during the 3rd quarter worth $1,768,000. Geode Capital Management LLC grew its stake in Cameco by 10.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,911,614 shares of the basic materials company’s stock valued at $91,558,000 after buying an additional 177,551 shares during the last quarter. Toronto Dominion Bank raised its holdings in Cameco by 172.3% in the 3rd quarter. Toronto Dominion Bank now owns 817,028 shares of the basic materials company’s stock worth $39,021,000 after acquiring an additional 517,035 shares during the period. Finally, Sanctuary Advisors LLC lifted its position in Cameco by 97.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 13,969 shares of the basic materials company’s stock worth $667,000 after acquiring an additional 6,901 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CCJ has been the topic of a number of recent analyst reports. StockNews.com lowered Cameco from a “hold” rating to a “sell” rating in a research note on Wednesday, April 2nd. Stifel Canada raised Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. Glj Research increased their price objective on Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a research report on Wednesday, March 12th. Sanford C. Bernstein began coverage on shares of Cameco in a research report on Tuesday, April 1st. They set an “outperform” rating and a $52.00 target price on the stock. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $90.00 price target on shares of Cameco in a report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, nine have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $70.03.

Cameco Price Performance

CCJ opened at $38.76 on Friday. The company has a fifty day moving average price of $43.73 and a two-hundred day moving average price of $50.05. 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 market capitalization of $16.87 billion, a PE ratio of 138.41 and a beta of 1.04. Cameco Co. has a 52 week low of $35.00 and a 52 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, hitting the consensus estimate of $0.26. The business had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. As a group, analysts anticipate that Cameco Co. will post 1.27 earnings per share for the current year.

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.