Cameco Co. (NYSE:CCJ) Shares Bought by Cibc World Markets Corp

Cibc World Markets Corp boosted its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 183.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 91,000 shares of the basic materials company’s stock after buying an additional 58,900 shares during the quarter. Cibc World Markets Corp’s holdings in Cameco were worth $4,676,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new stake in shares of Cameco in the 4th quarter valued at $25,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Cameco in the 4th quarter valued at $28,000. Whipplewood Advisors LLC acquired a new stake in shares of Cameco in the 4th quarter valued at $33,000. Pingora Partners LLC acquired a new stake in shares of Cameco in the 3rd quarter valued at $33,000. Finally, Compass Planning Associates Inc acquired a new stake in shares of Cameco in the 4th quarter valued at $36,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CCJ shares. Stifel Nicolaus started coverage on shares of Cameco in a report on Wednesday, March 12th. They issued a “buy” rating on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $90.00 target price on shares of Cameco in a research report on Tuesday, March 4th. Glj Research increased their target price on shares of Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a research report on Wednesday, March 12th. StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Stifel Canada raised shares of Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Cameco currently has an average rating of “Buy” and an average price target of $73.64.

Cameco Trading Up 2.5 %

Shares of Cameco stock opened at $44.17 on Thursday. Cameco Co. has a 1 year low of $35.43 and a 1 year high of $62.55. 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 $19.23 billion, a P/E ratio of 157.74 and a beta of 1.04. The company’s fifty day moving average is $47.26 and its two-hundred day moving average is $50.02.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The company had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. 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.