Proficio Capital Partners LLC Acquires Shares of 23,588 Cameco Co. (NYSE:CCJ)

Proficio Capital Partners LLC acquired a new stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 23,588 shares of the basic materials company’s stock, valued at approximately $1,212,000.

A number of other institutional investors have also recently bought and sold shares of CCJ. CIBC Asset Management Inc grew its stake in Cameco by 58.0% in the 3rd quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock valued at $181,382,000 after purchasing an additional 1,386,639 shares during the period. Segra Capital Management LLC bought a new position in shares of Cameco during the 3rd quarter worth $53,013,000. Fred Alger Management LLC grew its stake in shares of Cameco by 99.7% during the 3rd quarter. Fred Alger Management LLC now owns 1,680,259 shares of the basic materials company’s stock worth $80,249,000 after acquiring an additional 839,077 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Cameco by 44.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,151,105 shares of the basic materials company’s stock worth $102,737,000 after acquiring an additional 664,828 shares during the period. Finally, Van ECK Associates Corp grew its stake in shares of Cameco by 34.6% during the 4th quarter. Van ECK Associates Corp now owns 2,132,615 shares of the basic materials company’s stock worth $109,592,000 after acquiring an additional 547,793 shares during the period. Institutional investors own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $90.00 price target on shares of Cameco in a research note on Tuesday. StockNews.com upgraded Cameco from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. One investment analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $71.25.

Cameco Stock Performance

Shares of CCJ opened at $41.87 on Friday. The stock’s 50-day simple moving average is $48.80 and its 200 day simple moving average is $49.90. The stock has a market capitalization of $18.23 billion, a price-to-earnings ratio of 149.54 and a beta of 1.04. 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 52-week low of $35.43 and a 52-week high of $62.55.

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