Metis Global Partners LLC Raises Holdings in Cameco Co. (NYSE:CCJ)

Metis Global Partners LLC boosted its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 8.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,553 shares of the basic materials company’s stock after acquiring an additional 1,874 shares during the quarter. Metis Global Partners LLC’s holdings in Cameco were worth $1,059,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Allworth Financial LP raised its stake in shares of Cameco by 1,049.2% during the 3rd quarter. Allworth Financial LP now owns 747 shares of the basic materials company’s stock worth $30,000 after buying an additional 682 shares during the period. Versant Capital Management Inc purchased a new position in Cameco during the fourth quarter valued at $34,000. Sandy Spring Bank acquired a new stake in shares of Cameco in the fourth quarter valued at about $43,000. Blue Trust Inc. increased its stake in shares of Cameco by 57.5% during the fourth quarter. Blue Trust Inc. now owns 1,427 shares of the basic materials company’s stock worth $57,000 after purchasing an additional 521 shares in the last quarter. Finally, Covestor Ltd acquired a new position in shares of Cameco during the 3rd quarter worth about $99,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CCJ. The Goldman Sachs Group assumed coverage on shares of Cameco in a research report on Monday, April 1st. They set a “buy” rating and a $55.00 price target on the stock. StockNews.com cut Cameco from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Cameco presently has an average rating of “Moderate Buy” and an average target price of $62.75.

Cameco Price Performance

CCJ stock opened at $50.56 on Thursday. The company has a quick ratio of 0.69, a current ratio of 1.42 and a debt-to-equity ratio of 0.17. Cameco Co. has a fifty-two week low of $26.15 and a fifty-two week high of $52.80. The business has a 50 day moving average price of $45.66 and a 200 day moving average price of $44.63. The stock has a market cap of $21.95 billion, a price-to-earnings ratio of 129.64 and a beta of 0.92.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.06). Cameco had a net margin of 9.28% and a return on equity of 4.60%. The firm had revenue of $620.00 million during the quarter. Equities research analysts anticipate that Cameco Co. will post 1.37 earnings per share for the current fiscal year.

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.