Sciencast Management LP Takes Position in Cameco Co. (NYSE:CCJ)

Sciencast Management LP bought a new position 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 fund bought 57,195 shares of the basic materials company’s stock, valued at approximately $2,939,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sierra Ocean LLC bought a new stake in shares of Cameco in the 4th quarter worth approximately $25,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Cameco during the fourth quarter valued at about $28,000. Whipplewood Advisors LLC bought a new position in shares of Cameco during the fourth quarter valued at about $33,000. Pingora Partners LLC purchased a new position in shares of Cameco in the third quarter worth about $33,000. Finally, Compass Planning Associates Inc bought a new stake in shares of Cameco in the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Price Performance

CCJ stock opened at $44.62 on Friday. The firm has a 50-day moving average of $47.03 and a 200 day moving average of $50.01. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The company has a market cap of $19.42 billion, a P/E ratio of 159.34 and a beta of 1.04. Cameco Co. has a 1 year low of $35.43 and a 1 year high of $62.55.

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

Wall Street Analyst Weigh In

A number of brokerages have commented on CCJ. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $90.00 price target on shares of Cameco in a research note on Tuesday, March 4th. StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a research note on Wednesday. Stifel Nicolaus started coverage on shares of Cameco in a research report on Wednesday, March 12th. They set a “buy” rating for the company. Glj Research boosted their price objective on shares of Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a research report on Wednesday, March 12th. Finally, Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $73.64.

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.