Cameco Co. (NYSE:CCJ) Shares Purchased by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC boosted its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 1,283.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 196,205 shares of the basic materials company’s stock after buying an additional 182,021 shares during the period. Frontier Capital Management Co. LLC’s holdings in Cameco were worth $10,083,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CCJ. Larson Financial Group LLC raised its holdings in Cameco by 37.4% during the fourth quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 226 shares in the last quarter. Heritage Wealth Management Inc. lifted its holdings in shares of Cameco by 0.8% in the 4th quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company’s stock valued at $1,587,000 after buying an additional 250 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Cameco by 48.6% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock valued at $42,000 after buying an additional 267 shares in the last quarter. EdgeRock Capital LLC raised its position in Cameco by 2.2% in the fourth quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company’s stock worth $719,000 after acquiring an additional 297 shares in the last quarter. Finally, Highview Capital Management LLC DE lifted its holdings in Cameco by 5.0% in the fourth quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company’s stock valued at $321,000 after acquiring an additional 300 shares during the period. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Price Performance

CCJ opened at $50.76 on Friday. The company has a 50-day moving average of $42.74 and a 200-day moving average of $48.97. Cameco Co. has a 1-year low of $35.00 and a 1-year high of $62.55. The company has a market capitalization of $22.10 billion, a P/E ratio of 181.29 and a beta of 0.89. 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 (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.07). Cameco had a return on equity of 4.34% and a net margin of 5.39%. The company had revenue of $549.58 million during the quarter, compared to the consensus estimate of $890.07 million. During the same period last year, the business posted $0.13 EPS. The company’s revenue for the quarter was up 24.4% on a year-over-year basis. Equities analysts expect that Cameco Co. will post 1.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CCJ shares. Royal Bank of Canada reissued an “outperform” rating and set a $90.00 price objective on shares of Cameco in a report on Tuesday, March 4th. Stifel Canada upgraded Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Desjardins started coverage on shares of Cameco in a report on Friday, April 4th. They issued a “buy” rating on the stock. StockNews.com lowered Cameco from a “hold” rating to a “sell” rating in a research note on Monday, May 5th. Finally, Glj Research increased their price target on Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research note on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, nine have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $70.03.

Cameco 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.