Northwest & Ethical Investments L.P. Has $1.45 Million Holdings in Cameco Co. (NYSE:CCJ)

Northwest & Ethical Investments L.P. increased its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 6.7% in the 4th quarter, HoldingsChannel reports. The firm owned 28,333 shares of the basic materials company’s stock after acquiring an additional 1,776 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Cameco were worth $1,454,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dantai Capital Ltd lifted its position in Cameco by 44.2% during the third quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock worth $2,735,000 after purchasing an additional 17,560 shares during the period. Roberts Wealth Advisors LLC bought a new stake in Cameco during the fourth quarter worth about $895,000. Whalen Wealth Management Inc. bought a new stake in Cameco during the fourth quarter worth about $445,000. Sprott Inc. lifted its position in Cameco by 44.5% during the fourth quarter. Sprott Inc. now owns 111,896 shares of the basic materials company’s stock worth $5,750,000 after purchasing an additional 34,483 shares during the period. Finally, iA Global Asset Management Inc. bought a new stake in Cameco during the third quarter worth about $5,305,000. Institutional investors own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

CCJ has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $90.00 price objective on shares of Cameco in a research report on Tuesday, March 4th. Stifel Nicolaus started coverage on shares of Cameco in a report on Wednesday, March 12th. They issued a “buy” rating for the company. Glj Research increased their target price on shares of Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a report on Wednesday, March 12th. StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Stifel Canada raised shares of Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $73.64.

Cameco Stock Performance

NYSE:CCJ opened at $44.62 on Friday. The company has a market capitalization of $19.42 billion, a PE ratio of 159.34 and a beta of 1.04. The company has a 50 day simple moving average of $47.03 and a two-hundred day simple moving average of $50.01. 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.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. The company had revenue of $845.54 million during 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%. Research analysts anticipate that Cameco Co. will post 1.27 earnings per share 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.