Fmr LLC Has $1.16 Billion Stock Holdings in Cameco Co. (NYSE:CCJ)

Fmr LLC boosted its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 8.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,639,647 shares of the basic materials company’s stock after acquiring an additional 1,811,876 shares during the quarter. Fmr LLC owned 0.05% of Cameco worth $1,163,942,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Sierra Ocean LLC bought a new stake in shares of Cameco in the 4th quarter valued at approximately $25,000. Hurley Capital LLC bought a new stake in Cameco in the fourth quarter valued at $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Cameco during the fourth quarter worth $28,000. Whipplewood Advisors LLC bought a new position in shares of Cameco during the fourth quarter valued at $33,000. Finally, Compass Planning Associates Inc acquired a new stake in shares of Cameco in the 4th quarter valued at $36,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CCJ. Stifel Nicolaus initiated coverage on shares of Cameco in a research report on Wednesday, March 12th. They set a “buy” rating for the company. StockNews.com lowered shares of Cameco from a “hold” rating to a “sell” rating in a report on Wednesday, April 2nd. Royal Bank of Canada reissued an “outperform” rating and issued a $90.00 target price on shares of Cameco in a report on Tuesday, March 4th. Desjardins assumed coverage on Cameco in a research report on Friday. They issued a “buy” rating for the company. Finally, Sanford C. Bernstein started coverage on Cameco in a report on Tuesday, April 1st. They set an “outperform” rating and a $52.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $70.03.

Cameco Stock Down 7.6 %

NYSE CCJ opened at $37.80 on Monday. The stock has a market capitalization of $16.45 billion, a P/E ratio of 134.98 and a beta of 1.04. Cameco Co. has a 52 week low of $33.98 and a 52 week high of $62.55. 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 stock has a fifty day moving average of $45.02 and a 200-day moving average of $50.39.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 EPS 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 analyst estimates of $1.09 billion. On average, equities research analysts forecast that Cameco Co. will post 1.27 EPS for the current year.

Cameco 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.