Black Swift Group LLC Purchases 5,000 Shares of Cameco Co. (NYSE:CCJ)

Black Swift Group LLC increased its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 13.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,100 shares of the basic materials company’s stock after acquiring an additional 5,000 shares during the quarter. Black Swift Group LLC’s holdings in Cameco were worth $2,164,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CCJ. Raymond James Financial Inc. bought a new stake in Cameco during the 4th quarter valued at $34,440,000. Aigen Investment Management LP bought a new stake in Cameco during the 4th quarter valued at $930,000. Proficio Capital Partners LLC bought a new stake in Cameco during the 4th quarter valued at $1,212,000. M&T Bank Corp increased its stake in Cameco by 94.5% during the 4th quarter. M&T Bank Corp now owns 9,184 shares of the basic materials company’s stock valued at $472,000 after purchasing an additional 4,463 shares in the last quarter. Finally, Assetmark Inc. increased its stake in Cameco by 304,100.0% during the 4th quarter. Assetmark Inc. now owns 3,042 shares of the basic materials company’s stock valued at $156,000 after purchasing an additional 3,041 shares in the last quarter. Institutional investors own 70.21% of the company’s stock.

Analysts Set New Price Targets

CCJ has been the subject of a number of recent research reports. Royal Bank of Canada restated an “outperform” rating and set a $90.00 price target on shares of Cameco in a research note on Tuesday. StockNews.com upgraded shares of Cameco from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. One research analyst has rated the stock with a hold rating, six have issued a buy rating and two 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 an average price target of $71.25.

Cameco Price Performance

Shares of NYSE:CCJ opened at $42.99 on Thursday. The company’s 50-day moving average is $49.22 and its 200 day moving average is $49.95. 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 company has a market capitalization of $18.71 billion, a P/E ratio of 153.52 and a beta of 0.94. 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 announced its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The business had revenue of $845.54 million for the quarter, compared to analysts’ expectations of $1.09 billion. On average, equities research analysts forecast 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.