29,375 Shares in Cameco Co. (NYSE:CCJ) Bought by Guardian Partners Inc.

Guardian Partners Inc. acquired a new stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) in the 4th quarter, Holdings Channel.com reports. The fund acquired 29,375 shares of the basic materials company’s stock, valued at approximately $1,509,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Virtu Financial LLC bought a new position in shares of Cameco during the 4th quarter valued at about $1,071,000. Sciencast Management LP bought a new position in shares of Cameco during the 4th quarter valued at about $2,939,000. Northwest & Ethical Investments L.P. raised its position in shares of Cameco by 6.7% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 28,333 shares of the basic materials company’s stock valued at $1,454,000 after buying an additional 1,776 shares in the last quarter. Lingohr Asset Management GmbH purchased a new stake in shares of Cameco during the 4th quarter valued at about $256,000. Finally, Chesapeake Capital Corp IL purchased a new stake in shares of Cameco during the 4th quarter valued at about $430,000. Institutional investors own 70.21% of the company’s stock.

Analyst Ratings Changes

CCJ has been the topic of several recent research reports. Royal Bank of Canada restated an “outperform” rating and set a $90.00 target price on shares of Cameco in a research report on Tuesday, March 4th. StockNews.com upgraded shares of Cameco from a “sell” rating to a “hold” rating in a research report on Wednesday. Stifel Nicolaus initiated coverage on shares of Cameco in a research report on Wednesday, March 12th. They set a “buy” rating on the stock. Glj Research upped 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. 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 issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $73.64.

Cameco Stock Performance

Cameco stock opened at $44.62 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. Cameco Co. has a 1-year low of $35.43 and a 1-year high of $62.55. The firm has a market capitalization of $19.42 billion, a P/E ratio of 159.34 and a beta of 1.04. The company’s 50-day moving average is $47.03 and its 200 day moving average is $50.10.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data 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 company had revenue of $845.54 million for 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%. Research analysts forecast that Cameco Co. will post 1.27 EPS for the current 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.