3,244 Shares in Cameco Co. (NYSE:CCJ) Acquired by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR acquired a new position in Cameco Co. (NYSE:CCJ) (TSE:CCO) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 3,244 shares of the basic materials company’s stock, valued at approximately $167,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. AGF Management Ltd. grew its stake in Cameco by 54.2% in the fourth quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company’s stock worth $174,433,000 after purchasing an additional 1,193,266 shares in the last quarter. Bridgewater Associates LP grew its stake in Cameco by 19.9% in the third quarter. Bridgewater Associates LP now owns 2,478,488 shares of the basic materials company’s stock worth $118,386,000 after purchasing an additional 410,711 shares in the last quarter. Progeny 3 Inc. grew its stake in Cameco by 7.5% in the third quarter. Progeny 3 Inc. now owns 2,268,132 shares of the basic materials company’s stock worth $108,326,000 after purchasing an additional 159,200 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Cameco by 9.4% in the third quarter. The Manufacturers Life Insurance Company now owns 2,175,038 shares of the basic materials company’s stock worth $103,968,000 after purchasing an additional 187,512 shares in the last quarter. Finally, Amundi grew its stake in Cameco by 1.5% in the fourth quarter. Amundi now owns 2,156,893 shares of the basic materials company’s stock worth $110,821,000 after purchasing an additional 32,825 shares in the last quarter. Institutional investors own 70.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Stifel Canada upgraded Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Royal Bank of Canada restated an “outperform” rating and set a $90.00 target price on shares of Cameco in a report on Tuesday, March 4th. StockNews.com upgraded Cameco from a “sell” rating to a “hold” rating in a report on Wednesday. Glj Research upped their target price on Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a report on Wednesday, March 12th. Finally, Stifel Nicolaus assumed coverage on Cameco in a report on Wednesday, March 12th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $73.64.

Cameco Price Performance

NYSE CCJ opened at $44.62 on Friday. 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 stock’s fifty day moving average price is $47.03 and its 200 day moving average price is $50.01. Cameco Co. has a 1 year low of $35.43 and a 1 year high of $62.55. The company has a market cap of $19.42 billion, a price-to-earnings ratio of 159.34 and a beta of 1.04.

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, meeting the consensus estimate of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The firm had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. As a group, equities research analysts forecast that Cameco Co. will post 1.27 earnings per share for the current year.

Cameco 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.