Sava Infond d.o.o. Invests $3.53 Million in Cameco Co. (NYSE:CCJ)

Sava Infond d.o.o. purchased a new position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 68,630 shares of the basic materials company’s stock, valued at approximately $3,527,000.

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

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $90.00 target price on shares of Cameco in a research report on Tuesday, March 4th. StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a report on Wednesday, March 19th. Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. Glj Research boosted their price target 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 Nicolaus assumed coverage on shares of Cameco in a research note on Wednesday, March 12th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Cameco has an average rating of “Buy” and a consensus target price of $73.64.

Cameco Price Performance

Shares of NYSE CCJ opened at $43.24 on Thursday. The firm has a market capitalization of $18.82 billion, a P/E ratio of 154.41 and a beta of 1.04. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The stock’s 50-day simple moving average is $46.75 and its two-hundred day simple moving average is $50.23. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. The business had revenue of $845.54 million during the quarter, compared to analyst estimates of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. As a group, equities analysts anticipate that Cameco Co. will post 1.27 EPS for the current fiscal 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.