Canton Hathaway LLC Purchases 820 Shares of Cameco Co. (NYSE:CCJ)

Canton Hathaway LLC grew its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 8.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,050 shares of the basic materials company’s stock after buying an additional 820 shares during the quarter. Canton Hathaway LLC’s holdings in Cameco were worth $516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sterling Investment Advisors Ltd. purchased a new stake in shares of Cameco in the 4th quarter worth $249,000. EdgeRock Capital LLC increased its stake in shares of Cameco by 2.2% in the 4th quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company’s stock worth $719,000 after purchasing an additional 297 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Cameco by 17.5% in the 4th quarter. IFP Advisors Inc now owns 6,299 shares of the basic materials company’s stock worth $324,000 after purchasing an additional 938 shares in the last quarter. Hardman Johnston Global Advisors LLC increased its stake in shares of Cameco by 20.6% in the 4th quarter. Hardman Johnston Global Advisors LLC now owns 22,740 shares of the basic materials company’s stock worth $1,169,000 after purchasing an additional 3,880 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Cameco in the 4th quarter worth $2,572,000. 70.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Cameco from a “sell” rating to a “hold” rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $66.56.

Cameco Trading Down 0.2 %

Shares of Cameco stock opened at $43.41 on Tuesday. The firm has a market cap of $18.89 billion, a price-to-earnings ratio of 155.02 and a beta of 0.94. The business has a 50-day moving average price of $50.57 and a 200-day moving average price of $49.86. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, meeting 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 return on equity of 4.34% and a net margin of 5.39%. Equities research analysts anticipate that Cameco Co. will post 1.27 EPS for the current fiscal 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.