Aristides Capital LLC Acquires 3,030 Shares of Cameco Co. (NYSE:CCJ)

Aristides Capital LLC boosted its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 12.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,030 shares of the basic materials company’s stock after purchasing an additional 3,030 shares during the period. Aristides Capital LLC’s holdings in Cameco were worth $1,440,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Cameco by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 16,784,270 shares of the basic materials company’s stock worth $862,997,000 after buying an additional 270,102 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Cameco by 13.5% during the fourth quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company’s stock valued at $518,443,000 after acquiring an additional 1,196,336 shares during the period. Norges Bank acquired a new stake in shares of Cameco in the 4th quarter valued at $188,595,000. AGF Management Ltd. grew its holdings in shares of Cameco by 54.2% in the 4th 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 during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Cameco by 35.9% during the 4th quarter. Wellington Management Group LLP now owns 2,590,976 shares of the basic materials company’s stock worth $133,151,000 after purchasing an additional 685,145 shares in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CCJ has been the topic of several research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $90.00 price objective on shares of Cameco in a research note on Tuesday, March 4th. 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. Sanford C. Bernstein assumed coverage on Cameco in a research report on Tuesday, April 1st. They issued an “outperform” rating and a $52.00 price objective for the company. Stifel Canada upgraded Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Finally, StockNews.com cut Cameco from a “hold” rating to a “sell” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $70.03.

Cameco Stock Performance

Shares of Cameco stock opened at $37.80 on Friday. The firm has a fifty day moving average of $45.02 and a two-hundred day moving average of $50.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The stock has a market capitalization of $16.45 billion, a price-to-earnings ratio of 134.98 and a beta of 1.04. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, meeting 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 net margin of 5.39% and a return on equity of 4.34%. As a group, equities research analysts predict that Cameco Co. will post 1.27 EPS for the current year.

Cameco Company 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.