Cameco Co. (NYSE:CCJ) Position Raised by Bowen Hanes & Co. Inc.

Bowen Hanes & Co. Inc. lifted its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 17.2% in the 4th quarter, Holdings Channel reports. The fund owned 728,120 shares of the basic materials company’s stock after buying an additional 106,870 shares during the period. Bowen Hanes & Co. Inc.’s holdings in Cameco were worth $37,418,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Dantai Capital Ltd grew its position in Cameco by 44.2% in the 3rd quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock worth $2,735,000 after purchasing an additional 17,560 shares during the last quarter. Roberts Wealth Advisors LLC bought a new position in Cameco in the 4th quarter worth approximately $895,000. Whalen Wealth Management Inc. acquired a new stake in Cameco in the 4th quarter valued at approximately $445,000. Sprott Inc. raised its stake in Cameco by 44.5% during the 4th quarter. Sprott Inc. now owns 111,896 shares of the basic materials company’s stock valued at $5,750,000 after acquiring an additional 34,483 shares in the last quarter. Finally, iA Global Asset Management Inc. acquired a new position in Cameco during the 3rd quarter worth $5,305,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Performance

Shares of CCJ opened at $42.63 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The firm’s 50 day moving average is $48.22 and its 200-day moving average is $49.96. Cameco Co. has a 12-month low of $35.43 and a 12-month high of $62.55. The stock has a market capitalization of $18.56 billion, a P/E ratio of 152.23 and a beta of 1.04.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. The company had revenue of $845.54 million for the quarter, compared to analysts’ expectations 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.

Analyst Ratings Changes

A number of brokerages have recently commented on CCJ. Royal Bank of Canada reissued an “outperform” rating and set a $90.00 price target on shares of Cameco in a report on Tuesday, March 4th. Stifel Nicolaus assumed coverage on shares of Cameco in a research note on Wednesday. They set a “buy” rating on the stock. Glj Research upped their price target on shares of Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research note on Wednesday. Finally, StockNews.com lowered shares of Cameco from a “hold” rating to a “sell” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently 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.