Cameco Co. (NYSE:CCJ) Shares Purchased by Scotia Capital Inc.

Scotia Capital Inc. grew its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 5.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,011,962 shares of the basic materials company’s stock after buying an additional 54,811 shares during the quarter. Scotia Capital Inc.’s holdings in Cameco were worth $51,891,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CCJ. Old West Investment Management LLC increased its holdings in shares of Cameco by 10.4% in the 3rd quarter. Old West Investment Management LLC now owns 282,072 shares of the basic materials company’s stock valued at $13,472,000 after acquiring an additional 26,584 shares during the last quarter. Wellington Management Group LLP increased its stake in Cameco by 37.3% during the third quarter. Wellington Management Group LLP now owns 1,905,831 shares of the basic materials company’s stock worth $91,112,000 after acquiring an additional 517,836 shares during the last quarter. EP Wealth Advisors LLC boosted its holdings in Cameco by 4.8% in the third quarter. EP Wealth Advisors LLC now owns 6,921 shares of the basic materials company’s stock valued at $331,000 after purchasing an additional 320 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Cameco during the third quarter valued at approximately $1,768,000. Finally, Geode Capital Management LLC raised its position in shares of Cameco by 10.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,911,614 shares of the basic materials company’s stock worth $91,558,000 after purchasing an additional 177,551 shares during the period. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CCJ shares. StockNews.com lowered Cameco from a “hold” rating to a “sell” rating in a research note on Wednesday, April 2nd. Stifel Nicolaus began coverage on Cameco in a research report on Wednesday, March 12th. They set a “buy” rating on the stock. Glj Research boosted their price objective on shares of Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research report on Wednesday, March 12th. Desjardins assumed coverage on shares of Cameco in a research note on Friday, April 4th. They set a “buy” rating for the company. Finally, Royal Bank of Canada restated an “outperform” rating and set a $90.00 target price on shares of Cameco in a research 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $70.03.

Cameco Stock Up 9.1 %

Shares of Cameco stock opened at $40.03 on Thursday. The company has a 50-day simple moving average of $43.91 and a two-hundred day simple moving average of $50.10. Cameco Co. has a 52-week low of $35.00 and a 52-week high of $62.55. The stock has a market capitalization of $17.43 billion, a PE ratio of 142.96 and a beta of 1.04. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. The business had revenue of $845.54 million for 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%. On average, analysts anticipate that Cameco Co. will post 1.27 EPS for the current fiscal 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.