Cameco Co. (NYSE:CCJ) Shares Acquired by Sprott Inc.

Sprott Inc. boosted its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 44.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 111,896 shares of the basic materials company’s stock after purchasing an additional 34,483 shares during the quarter. Sprott Inc.’s holdings in Cameco were worth $5,750,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CCJ. Dantai Capital Ltd boosted its holdings in shares of Cameco by 44.2% during the third quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock valued at $2,735,000 after acquiring an additional 17,560 shares during the period. Roberts Wealth Advisors LLC acquired a new position in Cameco during the 4th quarter valued at about $895,000. Whalen Wealth Management Inc. bought a new position in Cameco in the 4th quarter worth about $445,000. iA Global Asset Management Inc. acquired a new stake in shares of Cameco in the third quarter valued at approximately $5,305,000. Finally, Telemark Asset Management LLC increased its stake in shares of Cameco by 8.3% in the third quarter. Telemark Asset Management LLC now owns 1,300,000 shares of the basic materials company’s stock valued at $62,088,000 after purchasing an additional 100,000 shares during the period. 70.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Cameco from a “sell” rating to a “hold” rating in a report on Friday, February 21st. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $66.56.

Cameco Stock Up 0.6 %

CCJ stock opened at $43.55 on Wednesday. The firm’s 50-day moving average is $50.37 and its two-hundred day moving average is $49.89. The company has a market capitalization of $18.96 billion, a price-to-earnings ratio of 155.54 and a beta of 0.94. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $62.55. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.09 billion. On average, analysts forecast that Cameco Co. will post 1.27 earnings per share 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.