Saturna Capital Corp Purchases 2,976 Shares of Cameco Co. (NYSE:CCJ)

Saturna Capital Corp boosted its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 44.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,737 shares of the basic materials company’s stock after buying an additional 2,976 shares during the quarter. Saturna Capital Corp’s holdings in Cameco were worth $500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in CCJ. Sierra Ocean LLC bought a new stake in Cameco in the 4th quarter valued at about $25,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Cameco in the fourth quarter worth about $28,000. Whipplewood Advisors LLC bought a new stake in shares of Cameco in the fourth quarter valued at approximately $33,000. Pingora Partners LLC purchased a new stake in shares of Cameco during the 3rd quarter valued at approximately $33,000. Finally, Compass Planning Associates Inc bought a new position in Cameco in the 4th quarter worth approximately $36,000. 70.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CCJ shares. 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. StockNews.com cut Cameco from a “hold” rating to a “sell” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $71.25.

Cameco Trading Up 2.6 %

Cameco stock opened at $41.70 on Wednesday. The stock has a market cap of $18.15 billion, a P/E ratio of 148.91 and a beta of 1.04. Cameco Co. has a fifty-two week low of $35.43 and a fifty-two week high of $62.55. The firm’s fifty day moving average price is $48.40 and its 200-day moving average price is $50.01. 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 released its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The firm had revenue of $845.54 million for the quarter, compared to analysts’ expectations of $1.09 billion. Equities research analysts forecast that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

Cameco Company 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.