1,000 Shares in Cameco Co. (NYSE:CCJ) Purchased by Sandy Spring Bank

Sandy Spring Bank acquired a new position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,000 shares of the basic materials company’s stock, valued at approximately $43,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its holdings in shares of Cameco by 1,049.2% in the third quarter. Allworth Financial LP now owns 747 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 682 shares in the last quarter. Janiczek Wealth Management LLC lifted its stake in shares of Cameco by 210.4% during the third quarter. Janiczek Wealth Management LLC now owns 773 shares of the basic materials company’s stock valued at $31,000 after buying an additional 524 shares during the period. Versant Capital Management Inc purchased a new position in shares of Cameco during the fourth quarter valued at approximately $34,000. Tyler Stone Wealth Management purchased a new position in shares of Cameco during the second quarter valued at approximately $32,000. Finally, Blue Trust Inc. lifted its stake in shares of Cameco by 57.5% during the fourth quarter. Blue Trust Inc. now owns 1,427 shares of the basic materials company’s stock valued at $57,000 after buying an additional 521 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Wall Street Analysts Forecast Growth

CCJ has been the topic of several recent analyst reports. Cantor Fitzgerald downgraded shares of Cameco from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 19th. StockNews.com downgraded shares of Cameco from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. Finally, The Goldman Sachs Group initiated coverage on shares of Cameco in a research note on Monday, April 1st. They set a “buy” rating and a $55.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $62.75.

Cameco Stock Performance

Shares of CCJ stock opened at $49.59 on Friday. Cameco Co. has a one year low of $25.11 and a one year high of $52.64. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 1.55. The company has a 50 day moving average price of $43.64 and a 200 day moving average price of $43.26. The firm has a market capitalization of $21.53 billion, a price-to-earnings ratio of 82.65 and a beta of 0.92.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.06). Cameco had a return on equity of 5.61% and a net margin of 13.97%. The business had revenue of $620.00 million during the quarter. Sell-side analysts anticipate that Cameco Co. will post 1.55 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.