Cameco Co. (NYSE:CCJ) Holdings Lifted by AGF Management Ltd.

AGF Management Ltd. boosted its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 54.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,393,233 shares of the basic materials company’s stock after acquiring an additional 1,193,266 shares during the quarter. Cameco accounts for 0.9% of AGF Management Ltd.’s portfolio, making the stock its 28th largest position. AGF Management Ltd. owned about 0.78% of Cameco worth $174,433,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dantai Capital Ltd lifted its stake in shares of 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 acquiring an additional 17,560 shares during the period. Roberts Wealth Advisors LLC acquired a new position in shares of Cameco in the 4th quarter valued at $895,000. Whalen Wealth Management Inc. purchased a new stake in Cameco during the fourth quarter valued at about $445,000. Sprott Inc. raised its holdings in shares of Cameco by 44.5% during the fourth 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 during the period. Finally, iA Global Asset Management Inc. purchased a new position in Cameco during the 3rd quarter worth approximately $5,305,000. Institutional investors own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

CCJ has been the subject of a number of research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $90.00 target price on shares of Cameco in a research note on Tuesday, March 4th. StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $71.25.

Cameco Stock Down 2.7 %

CCJ stock opened at $40.72 on Tuesday. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $62.55. The company has a market cap of $17.72 billion, a PE ratio of 145.42 and a beta of 1.04. The business’s 50-day simple moving average is $48.59 and its 200 day simple moving average is $50.02. 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 (NYSE:CCJ) (TSE:CCO) last released its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.26. The business had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. On average, research analysts anticipate 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.