Fidelis Capital Partners LLC Invests $285,000 in Cameco Co. (NYSE:CCJ)

Fidelis Capital Partners LLC acquired a new position in Cameco Co. (NYSE:CCJ) (TSE:CCO) in the third quarter, HoldingsChannel reports. The firm acquired 5,966 shares of the basic materials company’s stock, valued at approximately $285,000.

A number of other hedge funds have also recently made changes to their positions in CCJ. Massachusetts Financial Services Co. MA bought a new stake in shares of Cameco in the 2nd quarter worth approximately $73,125,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Cameco during the 1st quarter valued at $31,131,000. King Luther Capital Management Corp bought a new stake in Cameco during the 2nd quarter valued at $32,740,000. The Manufacturers Life Insurance Company raised its holdings in Cameco by 28.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,987,526 shares of the basic materials company’s stock valued at $97,653,000 after buying an additional 437,921 shares during the last quarter. Finally, Fred Alger Management LLC raised its holdings in Cameco by 106.2% during the 2nd quarter. Fred Alger Management LLC now owns 841,182 shares of the basic materials company’s stock valued at $41,386,000 after buying an additional 433,234 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors.

Cameco Price Performance

Shares of NYSE:CCJ opened at $53.99 on Thursday. The firm’s 50 day moving average price is $46.76 and its 200-day moving average price is $47.99. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $58.72. The company has a quick ratio of 1.48, a current ratio of 3.22 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $23.50 billion, a PE ratio of 138.44 and a beta of 0.90.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.14). Cameco had a return on equity of 5.63% and a net margin of 9.72%. The business had revenue of $598.00 million during the quarter, compared to the consensus estimate of $756.00 million. During the same quarter last year, the company earned ($0.01) EPS. Cameco’s revenue for the quarter was up 24.1% on a year-over-year basis. Equities research analysts expect that Cameco Co. will post 0.83 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on CCJ. Glj Research reiterated a “buy” rating and set a $63.73 price target on shares of Cameco in a report on Wednesday, August 14th. Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a research report on Friday, October 4th. Cantor Fitzgerald raised shares of Cameco from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 31st. National Bank Financial raised shares of Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. Finally, Scotiabank cut their price objective on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $66.56.

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.