Zions Bancorporation N.A. Buys 1,401 Shares of Cameco Co. (NYSE:CCJ)

Zions Bancorporation N.A. increased its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 20.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,385 shares of the basic materials company’s stock after buying an additional 1,401 shares during the period. Zions Bancorporation N.A.’s holdings in Cameco were worth $431,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CCJ. Sierra Ocean LLC bought 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 during the 4th quarter valued at $28,000. Pingora Partners LLC acquired a new position in Cameco during the third quarter worth $33,000. Whipplewood Advisors LLC acquired a new position in Cameco during the fourth quarter worth $33,000. Finally, Compass Planning Associates Inc acquired a new position in shares of Cameco during the fourth quarter valued at about $36,000. 70.21% of the stock is owned by institutional investors.

Cameco Price Performance

Shares of NYSE:CCJ opened at $43.24 on Thursday. The company has a market capitalization of $18.82 billion, a P/E ratio of 154.41 and a beta of 1.04. The company’s 50-day moving average is $46.75 and its 200 day moving average is $50.23. 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 fifty-two week low of $35.43 and a fifty-two week 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 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The firm had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. On average, equities research analysts forecast that Cameco Co. will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CCJ shares. Glj Research upped their target price on shares of Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a report on Wednesday, March 12th. StockNews.com raised Cameco from a “sell” rating to a “hold” rating in a research report on Wednesday, March 19th. Royal Bank of Canada reissued an “outperform” rating and issued a $90.00 price target on shares of Cameco in a research report on Tuesday, March 4th. Stifel Canada raised shares of Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Finally, Stifel Nicolaus assumed coverage on shares of Cameco in a research note on Wednesday, March 12th. They issued a “buy” rating for the company. One analyst has rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, Cameco presently has an average rating of “Buy” and a consensus price target of $73.64.

Cameco Company 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.