Cumberland Partners Ltd Raises Holdings in Cameco Co. (NYSE:CCJ)

Cumberland Partners Ltd lifted its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 2.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 287,696 shares of the basic materials company’s stock after acquiring an additional 5,780 shares during the period. Cameco makes up approximately 1.0% of Cumberland Partners Ltd’s investment portfolio, making the stock its 26th largest holding. Cumberland Partners Ltd owned 0.07% of Cameco worth $12,116,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Allworth Financial LP grew its stake in shares of Cameco by 1,049.2% during the third quarter. Allworth Financial LP now owns 747 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 682 shares during the last quarter. Versant Capital Management Inc acquired a new stake in shares of Cameco during the fourth quarter worth about $34,000. Sandy Spring Bank acquired a new stake in shares of Cameco during the fourth quarter worth about $43,000. Blue Trust Inc. lifted its holdings 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 during the period. Finally, Anchor Investment Management LLC acquired a new stake in shares of Cameco during the fourth quarter worth about $106,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Stock Performance

CCJ traded up $1.39 on Tuesday, reaching $48.68. The stock had a trading volume of 3,581,029 shares, compared to its average volume of 5,135,920. Cameco Co. has a 12-month low of $25.35 and a 12-month 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 business’s 50-day moving average price is $44.02 and its two-hundred day moving average price is $43.78. The company has a market cap of $21.14 billion, a P/E ratio of 81.13 and a beta of 0.92.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). Cameco had a net margin of 13.97% and a return on equity of 5.61%. The firm had revenue of $620.00 million during the quarter. Sell-side analysts forecast that Cameco Co. will post 1.55 earnings per share for the current year.

Analysts Set New Price Targets

CCJ has been the subject of a number of research reports. StockNews.com downgraded Cameco from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. The Goldman Sachs Group assumed coverage on Cameco in a report on Monday, April 1st. They set a “buy” rating and a $55.00 target price for the company. One research 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.75.

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.