Synovus Financial Corp Buys 2,241 Shares of Cameco Co. (NYSE:CCJ)

Synovus Financial Corp lifted its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 130,378 shares of the basic materials company’s stock after acquiring an additional 2,241 shares during the quarter. Synovus Financial Corp’s holdings in Cameco were worth $6,700,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Larson Financial Group LLC raised its holdings in Cameco by 37.4% during the fourth quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 226 shares during the period. Heritage Wealth Management Inc. raised its stake in Cameco by 0.8% during the 4th quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company’s stock valued at $1,587,000 after purchasing an additional 250 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in Cameco by 48.6% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 267 shares in the last quarter. EdgeRock Capital LLC boosted its stake in 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 during the period. Finally, Highview Capital Management LLC DE grew its holdings in Cameco by 5.0% during the 4th quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company’s stock valued at $321,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Stock Up 5.5 %

Shares of CCJ opened at $40.81 on Monday. 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 52-week low of $35.00 and a 52-week high of $62.55. The company has a market cap of $17.76 billion, a PE ratio of 145.74 and a beta of 1.04. The business has a fifty day moving average of $43.54 and a 200 day moving average of $50.01.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 net margin of 5.39% and a return on equity of 4.34%. On average, sell-side analysts expect that Cameco Co. will post 1.27 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on CCJ shares. Desjardins assumed coverage on shares of Cameco in a research note on Friday, April 4th. They set a “buy” rating for the company. Sanford C. Bernstein started coverage on Cameco in a report on Tuesday, April 1st. They issued an “outperform” rating and a $52.00 target price on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $90.00 target price on shares of Cameco in a research report on Tuesday, March 4th. Stifel Nicolaus began coverage on Cameco in a report on Wednesday, March 12th. They set a “buy” rating for the company. Finally, Glj Research upped their price objective on Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, nine have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $70.03.

About Cameco

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.