Moors & Cabot Inc. Boosts Stock Holdings in Cameco Co. (NYSE:CCJ)

Moors & Cabot Inc. boosted its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 15.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,983 shares of the basic materials company’s stock after buying an additional 1,334 shares during the quarter. Moors & Cabot Inc.’s holdings in Cameco were worth $513,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CCJ. Sierra Ocean LLC acquired a new stake in shares of Cameco during the 4th quarter valued at about $25,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Cameco in the fourth quarter valued at approximately $28,000. Pingora Partners LLC purchased a new stake in shares of Cameco in the third quarter valued at approximately $33,000. Whipplewood Advisors LLC acquired a new position in shares of Cameco during the 4th quarter worth approximately $33,000. Finally, Compass Planning Associates Inc purchased a new position in shares of Cameco during the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. StockNews.com downgraded shares of Cameco from a “hold” rating to a “sell” rating in a report on Tuesday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $90.00 price target on shares of Cameco in a research note on Tuesday, March 4th. Glj Research boosted their price objective on Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Stifel Nicolaus began coverage on Cameco in a research report on Wednesday. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $73.64.

Cameco Stock Performance

NYSE CCJ opened at $42.44 on Friday. 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’s fifty day moving average is $47.80 and its two-hundred day moving average is $49.91. The firm has a market capitalization of $18.47 billion, a P/E ratio of 151.55 and a beta of 1.04. Cameco Co. has a fifty-two week low of $35.43 and a fifty-two week high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The firm had revenue of $845.54 million for the quarter, compared to analysts’ expectations of $1.09 billion. On average, research analysts anticipate that Cameco Co. will post 1.27 earnings per share 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.