Fmr LLC Has $1.16 Billion Holdings in Cameco Co. (NYSE:CCJ)

Fmr LLC grew its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 8.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,639,647 shares of the basic materials company’s stock after purchasing an additional 1,811,876 shares during the period. Fmr LLC owned about 5.20% of Cameco worth $1,163,942,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Aristides Capital LLC boosted its stake in shares of Cameco by 12.1% during the 4th quarter. Aristides Capital LLC now owns 28,030 shares of the basic materials company’s stock valued at $1,440,000 after buying an additional 3,030 shares during the period. Hurley Capital LLC purchased a new stake in shares of Cameco during the fourth quarter worth $27,000. Old West Investment Management LLC boosted its position in Cameco by 2.7% during the fourth quarter. Old West Investment Management LLC now owns 289,579 shares of the basic materials company’s stock valued at $14,881,000 after purchasing an additional 7,507 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Cameco by 19.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 268,194 shares of the basic materials company’s stock valued at $13,782,000 after purchasing an additional 42,786 shares in the last quarter. Finally, Aviva PLC increased its position in Cameco by 1,467.8% in the 4th quarter. Aviva PLC now owns 261,965 shares of the basic materials company’s stock worth $13,442,000 after purchasing an additional 245,256 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CCJ shares. Sanford C. Bernstein started coverage on Cameco in a research note on Tuesday, April 1st. They issued an “outperform” rating and a $52.00 price target for the company. StockNews.com downgraded shares of Cameco from a “hold” rating to a “sell” rating in a research report on Wednesday, April 2nd. Stifel Nicolaus assumed coverage on shares of Cameco in a report on Wednesday, March 12th. They set a “buy” rating on the stock. Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $90.00 target price on shares of Cameco in a report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, nine have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $70.03.

Cameco Stock Performance

CCJ opened at $37.80 on Monday. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The stock’s 50 day moving average price is $45.02 and its two-hundred day moving average price is $50.39. The firm has a market capitalization of $16.45 billion, a P/E ratio of 134.98 and a beta of 1.04. Cameco Co. has a 12-month low of $33.98 and a 12-month high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The business had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. On average, equities analysts forecast 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.