Fiduciary Trust Co Has $1.07 Million Position in Cameco Co. (NYSE:CCJ)

Fiduciary Trust Co lifted its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,868 shares of the basic materials company’s stock after purchasing an additional 425 shares during the period. Fiduciary Trust Co’s holdings in Cameco were worth $1,072,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in CCJ. Frontier Capital Management Co. LLC grew its stake in shares of Cameco by 1,283.3% in the 4th quarter. Frontier Capital Management Co. LLC now owns 196,205 shares of the basic materials company’s stock valued at $10,083,000 after buying an additional 182,021 shares during the period. FWL Investment Management LLC raised its position in Cameco by 5.4% in the fourth quarter. FWL Investment Management LLC now owns 106,596 shares of the basic materials company’s stock worth $5,478,000 after acquiring an additional 5,502 shares during the period. Deutsche Bank AG grew its holdings in Cameco by 6.8% during the fourth quarter. Deutsche Bank AG now owns 638,610 shares of the basic materials company’s stock valued at $32,818,000 after purchasing an additional 40,667 shares during the period. Driehaus Capital Management LLC increased its position in Cameco by 120.2% in the fourth quarter. Driehaus Capital Management LLC now owns 2,245,539 shares of the basic materials company’s stock worth $115,398,000 after buying an additional 1,225,966 shares during the last quarter. Finally, Drummond Knight Asset Management Pty Ltd bought a new position in shares of Cameco during the 4th quarter worth $4,757,000. Institutional investors own 70.21% of the company’s stock.

Cameco Trading Up 3.1 %

NYSE:CCJ opened at $50.76 on Friday. The company has a fifty day moving average of $42.74 and a 200 day moving average of $48.93. Cameco Co. has a 52 week low of $35.00 and a 52 week high of $62.55. The firm 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 quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.07). The business had revenue of $549.58 million during the quarter, compared to analysts’ expectations of $890.07 million. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The company’s quarterly revenue was up 24.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 EPS. On average, research analysts predict that Cameco Co. will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on CCJ shares. Glj Research upped their price target on shares of Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a research note on Wednesday, March 12th. Stifel Nicolaus began coverage on Cameco in a report on Wednesday, March 12th. They set a “buy” rating for the company. Stifel Canada raised shares of Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Sanford C. Bernstein began coverage on shares of Cameco in a report on Tuesday, April 1st. They issued an “outperform” rating and a $52.00 price target for the company. Finally, Royal Bank of Canada restated an “outperform” rating and set a $90.00 target price on shares of Cameco in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, nine have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $70.03.

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.