Intact Investment Management Inc. Grows Stock Position in Cameco Co. (NYSE:CCJ)

Intact Investment Management Inc. boosted its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 88.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 179,250 shares of the basic materials company’s stock after buying an additional 84,190 shares during the period. Intact Investment Management Inc.’s holdings in Cameco were worth $7,729,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Morgan Stanley raised its holdings in Cameco by 5.8% during the 3rd quarter. Morgan Stanley now owns 7,752,258 shares of the basic materials company’s stock valued at $307,300,000 after buying an additional 428,310 shares during the period. Guardian Capital LP grew its position in Cameco by 40.7% in the 3rd quarter. Guardian Capital LP now owns 864,304 shares of the basic materials company’s stock valued at $34,451,000 after acquiring an additional 250,115 shares during the last quarter. Foster Victor Wealth Advisors LLC bought a new position in Cameco in the 4th quarter valued at $3,956,000. Financial Insights Inc. bought a new position in Cameco in the 3rd quarter valued at $1,942,000. Finally, Platinum Investment Management Ltd. grew its position in Cameco by 156.3% in the 3rd quarter. Platinum Investment Management Ltd. now owns 3,089,235 shares of the basic materials company’s stock valued at $122,605,000 after acquiring an additional 1,884,004 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CCJ. The Goldman Sachs Group began coverage on Cameco in a research report on Monday, April 1st. They issued a “buy” rating and a $55.00 price objective on the stock. StockNews.com downgraded Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Cameco presently has an average rating of “Moderate Buy” and a consensus price target of $62.75.

Cameco Stock Up 0.4 %

Shares of CCJ traded up $0.19 during midday trading on Friday, reaching $49.35. 3,083,385 shares of the stock were exchanged, compared to its average volume of 4,261,084. Cameco Co. has a 52 week low of $25.72 and a 52 week high of $52.64. The company has a current ratio of 1.55, a quick ratio of 0.97 and a debt-to-equity ratio of 0.21. The company’s 50 day moving average is $44.43 and its two-hundred day moving average is $43.93. The company has a market capitalization of $21.43 billion, a P/E ratio of 82.18 and a beta of 0.92.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Thursday, February 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). Cameco had a return on equity of 5.61% and a net margin of 13.97%. The firm had revenue of $620.00 million for the quarter. On average, sell-side analysts anticipate that Cameco Co. will post 1.54 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.