Cameco Co. (NYSE:CCJ) Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale increased its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 7.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 102,001 shares of the basic materials company’s stock after acquiring an additional 7,048 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Cameco were worth $4,362,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Capital World Investors increased its stake in shares of Cameco by 402.0% in the first quarter. Capital World Investors now owns 10,131,797 shares of the basic materials company’s stock worth $295,084,000 after buying an additional 8,113,385 shares during the last quarter. FMR LLC increased its position in shares of Cameco by 21.6% in the 3rd quarter. FMR LLC now owns 27,418,564 shares of the basic materials company’s stock worth $1,087,629,000 after purchasing an additional 4,865,085 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Cameco by 37.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,068,688 shares of the basic materials company’s stock valued at $497,555,000 after purchasing an additional 4,644,453 shares in the last quarter. Norges Bank acquired a new position in Cameco in the fourth quarter worth about $72,843,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Cameco by 74.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,730,858 shares of the basic materials company’s stock valued at $227,365,000 after buying an additional 2,442,190 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. The Goldman Sachs Group started coverage on Cameco in a report on Monday, April 1st. They set a “buy” rating and a $55.00 target price on the stock. Cantor Fitzgerald lowered shares of Cameco from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 19th. Finally, StockNews.com downgraded shares of Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $62.75.

Cameco Stock Performance

Shares of NYSE CCJ opened at $50.46 on Friday. Cameco Co. has a 12-month low of $25.11 and a 12-month high of $51.33. The company has a current ratio of 1.55, a quick ratio of 0.97 and a debt-to-equity ratio of 0.21. The company has a market cap of $21.91 billion, a PE ratio of 84.10 and a beta of 0.92. The stock has a 50 day simple moving average of $43.63 and a 200-day simple moving average of $43.18.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Thursday, February 8th. The basic materials company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). Cameco had a return on equity of 5.61% and a net margin of 13.97%. The company had revenue of $620.00 million during the quarter. On average, equities research analysts forecast that Cameco Co. will post 2.11 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.