Bridgefront Capital LLC Purchases Shares of 4,194 Cameco Co. (NYSE:CCJ)

Bridgefront Capital LLC bought a new position in Cameco Co. (NYSE:CCJ) (TSE:CCO) in the 4th quarter, Holdings Channel.com reports. The firm bought 4,194 shares of the basic materials company’s stock, valued at approximately $216,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sierra Ocean LLC bought a new position in shares of Cameco during the 4th quarter valued at $25,000. Hurley Capital LLC bought a new stake in shares of Cameco in the 4th quarter worth approximately $27,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Cameco during the 4th quarter valued at $28,000. Whipplewood Advisors LLC bought a new position in Cameco in the fourth quarter worth about $33,000. Finally, Compass Planning Associates Inc bought a new position in shares of Cameco in the 4th quarter worth approximately $36,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on CCJ. Sanford C. Bernstein started coverage on shares of Cameco in a research report on Tuesday, April 1st. They set an “outperform” rating and a $52.00 price target for the company. Desjardins started coverage on Cameco in a report on Friday, April 4th. They issued a “buy” rating for the company. Glj Research boosted their target price on shares of Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a research note on Wednesday, March 12th. Stifel Nicolaus began coverage on Cameco in a research note on Wednesday, March 12th. They issued a “buy” rating on the stock. Finally, StockNews.com cut Cameco from a “hold” rating to a “sell” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $70.03.

Cameco Stock Down 1.0 %

NYSE CCJ opened at $49.25 on Friday. 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 52 week low of $35.00 and a 52 week high of $62.55. The company has a market capitalization of $21.44 billion, a P/E ratio of 175.89 and a beta of 0.89. The stock’s 50-day moving average price is $42.56 and its 200-day moving average price is $49.01.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). The business had revenue of $549.58 million during the quarter, compared to the consensus estimate of $890.07 million. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The business’s revenue was up 24.4% on a year-over-year basis. During the same period last year, the company earned $0.13 EPS. On average, equities research analysts predict that Cameco Co. will post 1.27 earnings per share for the current year.

About Cameco

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.