4,376 Shares in Cameco Co. (NYSE:CCJ) Purchased by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC bought a new position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,376 shares of the basic materials company’s stock, valued at approximately $225,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. CIBC Asset Management Inc boosted its holdings in shares of Cameco by 58.0% during the 3rd quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock worth $181,382,000 after buying an additional 1,386,639 shares during the period. Bridgewater Associates LP boosted its holdings in shares of Cameco by 19.9% during the 3rd quarter. Bridgewater Associates LP now owns 2,478,488 shares of the basic materials company’s stock worth $118,386,000 after buying an additional 410,711 shares during the period. Progeny 3 Inc. boosted its holdings in shares of Cameco by 7.5% during the 3rd quarter. Progeny 3 Inc. now owns 2,268,132 shares of the basic materials company’s stock worth $108,326,000 after buying an additional 159,200 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Cameco by 9.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,175,038 shares of the basic materials company’s stock worth $103,968,000 after buying an additional 187,512 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in Cameco by 44.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,151,105 shares of the basic materials company’s stock worth $102,737,000 after purchasing an additional 664,828 shares in the last quarter. Institutional investors own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $90.00 price objective on shares of Cameco in a research note on Tuesday, March 4th. StockNews.com cut shares of Cameco from a “hold” rating to a “sell” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, six have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Cameco presently has an average rating of “Buy” and a consensus target price of $71.25.

Cameco Price Performance

Shares of NYSE:CCJ opened at $41.70 on Wednesday. The firm has a 50 day moving average of $48.40 and a 200-day moving average of $50.01. The stock has a market capitalization of $18.15 billion, a PE ratio of 148.91 and a beta of 1.04. 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 Co. has a 12 month low of $35.43 and a 12 month high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. The company had revenue of $845.54 million during the quarter, compared to analysts’ expectations of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. On average, equities research analysts predict that Cameco Co. will post 1.27 EPS 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.