Eagle Global Advisors LLC Invests $257,000 in Cameco Co. (NYSE:CCJ)

Eagle Global Advisors LLC purchased a new position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,000 shares of the basic materials company’s stock, valued at approximately $257,000.

Other hedge funds have also bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Cameco in the 3rd quarter worth approximately $38,000. Tidal Investments LLC lifted its stake in Cameco by 9.2% during the third quarter. Tidal Investments LLC now owns 25,396 shares of the basic materials company’s stock worth $1,213,000 after purchasing an additional 2,142 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Cameco by 1,138.1% in the third quarter. Principal Financial Group Inc. now owns 267,431 shares of the basic materials company’s stock worth $12,774,000 after purchasing an additional 245,831 shares during the period. Canandaigua National Bank & Trust Co. bought a new stake in Cameco during the fourth quarter valued at $206,000. Finally, Miracle Mile Advisors LLC lifted its position in shares of Cameco by 5.9% in the 4th quarter. Miracle Mile Advisors LLC now owns 8,845 shares of the basic materials company’s stock worth $455,000 after buying an additional 495 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Trading Up 3.5 %

Shares of CCJ stock opened at $49.84 on Thursday. The stock has a 50-day simple moving average of $42.39 and a 200 day simple moving average of $49.07. The stock has a market capitalization of $21.70 billion, a P/E ratio of 178.01 and a beta of 0.89. Cameco Co. has a fifty-two week low of $35.00 and a fifty-two week high of $62.55. 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 (NYSE:CCJ) (TSE:CCO) last released its earnings results on Thursday, May 1st. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07). The business had revenue of $549.58 million for the quarter, compared to analyst estimates of $890.07 million. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The firm’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.13 earnings per share. On average, sell-side analysts expect that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Desjardins assumed coverage on shares of Cameco in a research report on Friday, April 4th. They set a “buy” rating for the company. Stifel Nicolaus initiated coverage on Cameco in a report on Wednesday, March 12th. They set a “buy” rating for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $90.00 price target on shares of Cameco in a report on Tuesday, March 4th. Glj Research upped their price objective on Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research note on Wednesday, March 12th. Finally, Sanford C. Bernstein initiated coverage on shares of Cameco in a report on Tuesday, April 1st. They set an “outperform” rating and a $52.00 price target 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 company. Based on data from MarketBeat, Cameco presently has a consensus rating of “Buy” and an average price target of $70.03.

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.