Fullerton Fund Management Co Ltd. Raises Holdings in Cameco Co. (NYSE:CCJ)

Fullerton Fund Management Co Ltd. lifted its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 54.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,037 shares of the basic materials company’s stock after purchasing an additional 5,681 shares during the quarter. Fullerton Fund Management Co Ltd.’s holdings in Cameco were worth $824,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CCJ. FMR LLC raised its holdings in shares of Cameco by 8.7% in the fourth quarter. FMR LLC now owns 22,639,647 shares of the basic materials company’s stock worth $1,163,942,000 after buying an additional 1,811,876 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Cameco by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 16,784,270 shares of the basic materials company’s stock valued at $862,997,000 after acquiring an additional 270,102 shares during the period. Alliancebernstein L.P. raised its stake in Cameco by 13.5% in the 4th quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company’s stock worth $518,443,000 after acquiring an additional 1,196,336 shares during the last quarter. Norges Bank acquired a new stake in Cameco during the 4th quarter worth about $188,595,000. Finally, AGF Management Ltd. grew its stake in Cameco by 54.2% during the 4th quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company’s stock valued at $174,433,000 after purchasing an additional 1,193,266 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Performance

NYSE CCJ opened at $50.76 on Friday. The stock has a market capitalization of $22.10 billion, a price-to-earnings ratio of 181.29 and a beta of 0.89. Cameco Co. has a twelve month low of $35.00 and a twelve month high of $62.55. The stock has a 50-day moving average of $42.74 and a 200 day moving average of $48.97. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). Cameco had a return on equity of 4.34% and a net margin of 5.39%. The company had revenue of $549.58 million for the quarter, compared to analyst estimates of $890.07 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The business’s revenue was up 24.4% on a year-over-year basis. Sell-side analysts anticipate that Cameco Co. will post 1.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CCJ has been the subject of a number of research reports. Stifel Nicolaus began coverage on Cameco in a report on Wednesday, March 12th. They set a “buy” rating for the company. 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. Sanford C. Bernstein started coverage on shares of Cameco in a report on Tuesday, April 1st. They set an “outperform” rating and a $52.00 target price for the company. Stifel Canada raised Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. Finally, Desjardins began coverage on Cameco in a report on Friday, April 4th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $70.03.

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.