Duff & Phelps Investment Management Co. Has $635,000 Stock Holdings in Cameco Co. (NYSE:CCJ)

Duff & Phelps Investment Management Co. reduced its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 10.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,363 shares of the basic materials company’s stock after selling 1,490 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Cameco were worth $635,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Dantai Capital Ltd grew its stake in Cameco by 44.2% in the 3rd quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock valued at $2,735,000 after buying an additional 17,560 shares during the last quarter. Roberts Wealth Advisors LLC bought a new stake in shares of Cameco during the fourth quarter worth approximately $895,000. Whalen Wealth Management Inc. acquired a new position in Cameco in the 4th quarter valued at $445,000. Sprott Inc. increased its position in Cameco by 44.5% during the 4th quarter. Sprott Inc. now owns 111,896 shares of the basic materials company’s stock worth $5,750,000 after buying an additional 34,483 shares during the period. Finally, iA Global Asset Management Inc. acquired a new stake in shares of Cameco during the third quarter worth $5,305,000. 70.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CCJ shares. Stifel Canada raised shares of Cameco to a “strong-buy” rating in a research 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 research report on Tuesday, March 4th. Stifel Nicolaus initiated coverage on shares of Cameco in a research report on Wednesday, March 12th. They issued a “buy” rating for the company. Glj Research increased their price target on Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research report on Wednesday, March 12th. Finally, StockNews.com raised Cameco from a “sell” rating to a “hold” rating in a report on Wednesday, March 19th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $73.64.

Cameco Trading Down 1.9 %

Shares of CCJ stock opened at $41.83 on Friday. 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 Co. has a fifty-two week low of $35.43 and a fifty-two week high of $62.55. The company has a market cap of $18.21 billion, a PE ratio of 149.40 and a beta of 1.04. The stock’s fifty day moving average price is $46.42 and its two-hundred day moving average price is $50.22.

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