Lincoln National Corp Takes $1.14 Million Position in Cameco Co. (NYSE:CCJ)

Lincoln National Corp purchased a new stake in shares of Cameco Co. (NYSE:CCJGet Rating) (TSE:CCO) in the third quarter, HoldingsChannel reports. The institutional investor purchased 43,008 shares of the basic materials company’s stock, valued at approximately $1,140,000.

A number of other large investors have also recently modified their holdings of the business. Creative Planning purchased a new stake in Cameco in the third quarter worth approximately $250,000. Duality Advisers LP purchased a new stake in Cameco in the third quarter worth approximately $1,976,000. Bogart Wealth LLC purchased a new stake in Cameco in the third quarter worth approximately $47,000. The Manufacturers Life Insurance Company boosted its stake in Cameco by 32.8% in the third quarter. The Manufacturers Life Insurance Company now owns 1,717,977 shares of the basic materials company’s stock worth $46,039,000 after buying an additional 424,795 shares in the last quarter. Finally, Rathbones Group Plc boosted its stake in Cameco by 9.8% in the third quarter. Rathbones Group Plc now owns 30,420 shares of the basic materials company’s stock worth $807,000 after buying an additional 2,720 shares in the last quarter. Institutional investors own 53.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Raymond James cut their target price on Cameco from C$45.00 to C$44.00 in a research note on Wednesday, January 11th. StockNews.com downgraded Cameco from a “hold” rating to a “sell” rating in a research report on Friday, October 28th. TD Securities boosted their price objective on Cameco from C$40.00 to C$41.00 in a research report on Friday, October 28th. Scotiabank lowered their price objective on Cameco from C$44.00 to C$42.00 in a research report on Tuesday, October 18th. Finally, Canaccord Genuity Group boosted their price objective on Cameco from C$43.00 to C$44.00 and gave the company a “buy” rating in a research report on Wednesday, October 26th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Cameco currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.63.

Cameco Stock Up 0.3 %

NYSE CCJ opened at $26.96 on Wednesday. The stock’s 50-day moving average price is $23.49 and its 200-day moving average price is $24.72. The company has a market capitalization of $11.66 billion, a P/E ratio of 122.55, a price-to-earnings-growth ratio of 0.49 and a beta of 0.88. Cameco Co. has a 52 week low of $18.03 and a 52 week high of $32.49. The company has a quick ratio of 4.03, a current ratio of 5.11 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJGet Rating) (TSE:CCO) last released its quarterly earnings results on Thursday, October 27th. The basic materials company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.06. The business had revenue of $297.96 million during the quarter. Cameco had a return on equity of 2.50% and a net margin of 6.43%. On average, equities research analysts predict that Cameco Co. will post 0.31 earnings per share for the current year.

Cameco Company Profile

(Get Rating)

Cameco Corp. engages in the provision of uranium. It operates through the following segments: Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, milling, purchase, and sale of uranium concentrate. The Fuel Services segment is involved in the refining, conversion, and fabrication of uranium concentrate and the purchase and sale of conversion services.

Featured Stories

Want to see what other hedge funds are holding CCJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cameco Co. (NYSE:CCJGet Rating) (TSE:CCO).

Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

Receive News & Ratings for Cameco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cameco and related companies with MarketBeat.com's FREE daily email newsletter.