Cameco Co. (NYSE:CCJ) Shares Bought by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD boosted its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 3.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 6,514,500 shares of the basic materials company’s stock after purchasing an additional 202,157 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Cameco were worth $282,210,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CCJ. Murphy Pohlad Asset Management LLC raised its position in shares of Cameco by 0.3% during the 1st quarter. Murphy Pohlad Asset Management LLC now owns 75,720 shares of the basic materials company’s stock worth $3,280,000 after purchasing an additional 200 shares during the last quarter. Lindbrook Capital LLC increased its stake in shares of Cameco by 26.0% in the first quarter. Lindbrook Capital LLC now owns 1,070 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 221 shares during the period. Meitav Investment House Ltd. boosted its holdings in shares of Cameco by 2.8% in the fourth quarter. Meitav Investment House Ltd. now owns 8,897 shares of the basic materials company’s stock valued at $383,000 after acquiring an additional 240 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Cameco by 12.3% in the first quarter. Fifth Third Bancorp now owns 2,290 shares of the basic materials company’s stock valued at $99,000 after acquiring an additional 250 shares in the last quarter. Finally, Highview Capital Management LLC DE boosted its stake in Cameco by 4.4% in the 1st quarter. Highview Capital Management LLC DE now owns 5,946 shares of the basic materials company’s stock worth $258,000 after purchasing an additional 250 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Wall Street Analysts Forecast Growth

CCJ has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their target price on shares of Cameco from $56.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, June 7th. Bank of America boosted their price objective on shares of Cameco from $59.00 to $60.50 and gave the company a “buy” rating in a report on Wednesday, June 26th. Finally, StockNews.com cut shares of Cameco from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $63.70.

Cameco Stock Up 1.4 %

Shares of CCJ stock traded up $0.61 during mid-day trading on Friday, reaching $45.19. 3,115,481 shares of the company’s stock traded hands, compared to its average volume of 2,980,368. The company has a market cap of $19.67 billion, a P/E ratio of 115.87 and a beta of 0.91. The company’s 50-day moving average price is $51.30 and its 200-day moving average price is $47.81. Cameco Co. has a 12 month low of $31.58 and a 12 month high of $56.24. The company has a quick ratio of 0.69, a current ratio of 1.42 and a debt-to-equity ratio of 0.17.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Tuesday, April 30th. The basic materials company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.23). Cameco had a return on equity of 4.60% and a net margin of 9.28%. The business had revenue of $470.29 million during the quarter. On average, equities analysts expect that Cameco Co. will post 1.12 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.