TD Asset Management Inc. Increases Stock Position in Cameco Co. (NYSE:CCJ)

TD Asset Management Inc. grew its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 0.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,033,323 shares of the basic materials company’s stock after buying an additional 17,680 shares during the period. TD Asset Management Inc.’s holdings in Cameco were worth $104,494,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Sierra Ocean LLC purchased a new stake in Cameco during the 4th quarter valued at approximately $25,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Cameco during the fourth quarter worth approximately $28,000. Whipplewood Advisors LLC acquired a new stake in shares of Cameco during the fourth quarter worth $33,000. Pingora Partners LLC purchased a new position in Cameco in the 3rd quarter valued at $33,000. Finally, Compass Planning Associates Inc acquired a new position in Cameco in the 4th quarter valued at $36,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Down 2.8 %

CCJ opened at $44.47 on Wednesday. Cameco Co. has a one year low of $35.43 and a one year high of $62.55. The company has a market cap of $19.36 billion, a price-to-earnings ratio of 158.82 and a beta of 1.04. The business’s fifty day moving average is $46.88 and its two-hundred day moving average is $50.28. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. The firm had revenue of $845.54 million for the quarter, compared to analysts’ expectations of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. Analysts anticipate that Cameco Co. will post 1.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CCJ has been the subject of several recent analyst reports. StockNews.com upgraded shares of Cameco from a “sell” rating to a “hold” rating in a research note on Wednesday, March 19th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $90.00 price objective on shares of Cameco in a report on Tuesday, March 4th. Stifel Nicolaus initiated coverage on Cameco in a research note on Wednesday, March 12th. They set a “buy” rating for the company. Glj Research lifted their price target on Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a research note on Wednesday, March 12th. Finally, Stifel Canada upgraded Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. One 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.com, the stock presently has an average rating of “Buy” and an average price target of $73.64.

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.