Guardian Partners Inc. Makes New $1.51 Million Investment in Cameco Co. (NYSE:CCJ)

Guardian Partners Inc. purchased a new stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 29,375 shares of the basic materials company’s stock, valued at approximately $1,509,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. AGF Management Ltd. increased its position in shares of Cameco by 54.2% during the fourth quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company’s stock valued at $174,433,000 after acquiring an additional 1,193,266 shares in the last quarter. Bridgewater Associates LP increased its position in shares of Cameco by 19.9% during the third quarter. Bridgewater Associates LP now owns 2,478,488 shares of the basic materials company’s stock valued at $118,386,000 after acquiring an additional 410,711 shares in the last quarter. Progeny 3 Inc. increased its position in shares of Cameco by 7.5% during the third quarter. Progeny 3 Inc. now owns 2,268,132 shares of the basic materials company’s stock valued at $108,326,000 after acquiring an additional 159,200 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Cameco by 9.4% during the third quarter. The Manufacturers Life Insurance Company now owns 2,175,038 shares of the basic materials company’s stock valued at $103,968,000 after acquiring an additional 187,512 shares in the last quarter. Finally, Amundi increased its position in shares of Cameco by 1.5% during the fourth quarter. Amundi now owns 2,156,893 shares of the basic materials company’s stock valued at $110,821,000 after acquiring an additional 32,825 shares in the last quarter. Institutional investors own 70.21% of the company’s stock.

Analyst Ratings Changes

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

Cameco Trading Down 0.5 %

Shares of Cameco stock opened at $44.62 on Friday. The company’s fifty day simple moving average is $47.03 and its 200-day simple moving average is $50.10. The stock has a market capitalization of $19.42 billion, a PE ratio of 159.34 and a beta of 1.04. Cameco Co. has a 1-year low of $35.43 and a 1-year high of $62.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. The business had revenue of $845.54 million for the quarter, compared to analysts’ expectations of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. As a group, equities analysts anticipate that Cameco Co. will post 1.27 earnings per share for the current 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.