57,195 Shares in Cameco Co. (NYSE:CCJ) Acquired by Sciencast Management LP

Sciencast Management LP acquired a new stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 57,195 shares of the basic materials company’s stock, valued at approximately $2,939,000.

Other hedge funds have also added to or reduced their stakes in the company. Sierra Ocean LLC bought a new position in shares of Cameco during the fourth quarter valued at $25,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Cameco during the 4th quarter valued at about $28,000. Pingora Partners LLC bought a new stake in Cameco during the 3rd quarter valued at about $33,000. Whipplewood Advisors LLC purchased a new position in Cameco in the fourth quarter worth about $33,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of Cameco during the fourth quarter valued at approximately $36,000. 70.21% of the stock is owned by institutional investors.

Cameco Stock Down 0.5 %

NYSE CCJ opened at $44.62 on Friday. The stock’s 50-day moving average price is $47.03 and its 200-day moving average price is $50.01. The company has a market capitalization of $19.42 billion, a P/E ratio of 159.34 and a beta of 1.04. 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 $35.43 and a 52 week high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last issued 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 company had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. On average, equities research analysts predict that Cameco Co. will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

CCJ has been the subject of a number of recent analyst reports. Glj Research boosted their price objective on shares of Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a report on Wednesday, March 12th. Stifel Canada raised Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $90.00 price objective on shares of Cameco in a research report on Tuesday, March 4th. StockNews.com raised Cameco from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Stifel Nicolaus initiated coverage on shares of Cameco in a report on Wednesday, March 12th. They set a “buy” rating on the stock. 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. Based on data from MarketBeat, Cameco currently has an average rating of “Buy” and a consensus price target of $73.64.

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.