Cameco Co. (NYSE:CCJ) Shares Bought by US Bancorp DE

US Bancorp DE lifted its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,728 shares of the basic materials company’s stock after acquiring an additional 554 shares during the period. US Bancorp DE’s holdings in Cameco were worth $1,476,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Sierra Ocean LLC purchased a new position in Cameco in the fourth quarter valued at approximately $25,000. Pingora Partners LLC acquired a new stake in shares of Cameco during the third quarter worth approximately $33,000. Whipplewood Advisors LLC acquired a new position in Cameco in the fourth quarter worth $33,000. Compass Planning Associates Inc acquired a new position in Cameco in the fourth quarter worth $36,000. Finally, First Horizon Advisors Inc. boosted its holdings in Cameco by 84.2% in the third quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 351 shares during the period. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $90.00 price target on shares of Cameco in a report on Tuesday, March 4th. StockNews.com upgraded shares of Cameco from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $71.25.

Cameco Stock Down 0.6 %

Shares of CCJ stock opened at $41.87 on Friday. Cameco Co. has a 12 month low of $35.43 and a 12 month high of $62.55. The firm has a market cap of $18.23 billion, a PE ratio of 149.54 and a beta of 1.04. The stock has a 50 day moving average of $48.80 and a 200-day moving average of $49.96. 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 issued its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. The company had revenue of $845.54 million during the quarter, compared to analyst estimates of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. On average, equities analysts predict that Cameco Co. will post 1.27 EPS 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.