Lingohr Asset Management GmbH Makes New $256,000 Investment in Cameco Co. (NYSE:CCJ)

Lingohr Asset Management GmbH acquired a new position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,994 shares of the basic materials company’s stock, valued at approximately $256,000.

Other institutional investors have also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new position in Cameco during the fourth quarter worth $25,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Cameco in the 4th quarter worth $28,000. Whipplewood Advisors LLC bought a new stake in shares of Cameco in the 4th quarter worth $33,000. Pingora Partners LLC bought a new stake in shares of Cameco in the 3rd quarter worth $33,000. Finally, Compass Planning Associates Inc bought a new stake in shares of Cameco in the 4th quarter worth $36,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Price Performance

CCJ opened at $44.17 on Thursday. 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 firm has a market cap of $19.23 billion, a P/E ratio of 157.74 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 has a 50-day moving average of $47.26 and a 200 day moving average of $50.02.

Cameco (NYSE:CCJ) (TSE:CCO) last issued 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. The firm had revenue of $845.54 million during the quarter, compared to analyst estimates of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. On average, research analysts expect that Cameco Co. will post 1.27 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CCJ. Glj Research upped their target price on shares of Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research note on Wednesday, March 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $90.00 target price on shares of Cameco in a research note on Tuesday, March 4th. Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. Stifel Nicolaus initiated coverage on shares of Cameco in a research report on Wednesday, March 12th. They set a “buy” rating for the company. Finally, StockNews.com upgraded shares of Cameco from a “sell” rating to a “hold” rating in a research report on Wednesday. One analyst has rated the stock with a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Cameco currently has a consensus rating of “Buy” and a consensus target price of $73.64.

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.