Lingohr Asset Management GmbH Purchases New Position in Cameco Co. (NYSE:CCJ)

Lingohr Asset Management GmbH purchased a new stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 4,994 shares of the basic materials company’s stock, valued at approximately $256,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sierra Ocean LLC bought a new stake in Cameco during the 4th quarter worth approximately $25,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Cameco during the 4th quarter worth approximately $28,000. Pingora Partners LLC bought a new stake in Cameco during the 3rd quarter worth approximately $33,000. Whipplewood Advisors LLC bought a new stake in Cameco during the 4th quarter worth approximately $33,000. Finally, Compass Planning Associates Inc bought a new stake in Cameco during the 4th quarter worth approximately $36,000. 70.21% of the stock is owned by institutional investors.

Cameco Stock Up 2.5 %

Cameco stock opened at $44.17 on Thursday. 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 Co. has a 12-month low of $35.43 and a 12-month high of $62.55. The firm’s fifty day moving average is $47.26 and its 200 day moving average is $50.02. The company has a market capitalization of $19.23 billion, a PE ratio of 157.74 and a beta of 1.04.

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

Analysts Set New Price Targets

CCJ has been the topic of a number of research reports. StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a report on Wednesday. Royal Bank of Canada reissued an “outperform” rating and set a $90.00 target price on shares of Cameco in a report on Tuesday, March 4th. Glj Research boosted their price target on shares of Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research report on Wednesday, March 12th. Stifel Nicolaus began coverage on shares of Cameco in a research report on Wednesday, March 12th. They issued a “buy” rating on the stock. Finally, Stifel Canada upgraded shares of 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 issued a strong buy rating to the company. According to data from MarketBeat, Cameco presently has an average rating of “Buy” and a consensus price target of $73.64.

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.