Cameco Co. (NYSE:CCJ) Shares Bought by American Century Companies Inc.

American Century Companies Inc. grew its stake in shares of Cameco Co. (NYSE:CCJGet Rating) (TSE:CCO) by 7.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,740 shares of the basic materials company’s stock after purchasing an additional 1,554 shares during the quarter. American Century Companies Inc.’s holdings in Cameco were worth $518,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Cameco by 25.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,604,665 shares of the basic materials company’s stock worth $121,629,000 after purchasing an additional 1,142,460 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in Cameco by 32.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 5,277,019 shares of the basic materials company’s stock worth $115,092,000 after buying an additional 1,293,760 shares in the last quarter. Toronto Dominion Bank grew its holdings in Cameco by 98.5% in the 4th quarter. Toronto Dominion Bank now owns 3,601,183 shares of the basic materials company’s stock worth $78,514,000 after buying an additional 1,786,663 shares in the last quarter. Bank of Nova Scotia grew its holdings in Cameco by 0.3% in the 3rd quarter. Bank of Nova Scotia now owns 3,355,040 shares of the basic materials company’s stock worth $72,883,000 after buying an additional 9,118 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Cameco by 2.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,081,733 shares of the basic materials company’s stock worth $57,289,000 after buying an additional 55,375 shares in the last quarter. Institutional investors own 57.95% of the company’s stock.

Several brokerages recently weighed in on CCJ. StockNews.com raised Cameco from a “sell” rating to a “hold” rating in a research note on Thursday. CIBC initiated coverage on shares of Cameco in a research note on Wednesday, January 19th. They issued an “outperform” rating on the stock. Bank of America lifted their price objective on shares of Cameco from C$40.00 to C$46.00 in a research note on Tuesday, April 12th. Royal Bank of Canada lowered their price objective on shares of Cameco from C$50.00 to C$45.00 in a research note on Friday, May 6th. Finally, BMO Capital Markets raised shares of Cameco from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $33.00 to $42.00 in a research note on Wednesday, March 30th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $40.70.

Cameco stock opened at $22.01 on Friday. The firm’s 50 day simple moving average is $27.31 and its 200-day simple moving average is $24.48. The company has a market cap of $8.77 billion, a P/E ratio of -200.07 and a beta of 0.88. The company has a debt-to-equity ratio of 0.20, a current ratio of 5.05 and a quick ratio of 4.12. Cameco Co. has a fifty-two week low of $15.34 and a fifty-two week high of $32.49.

Cameco (NYSE:CCJGet Rating) (TSE:CCO) last released its earnings results on Wednesday, February 9th. The basic materials company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.07. The business had revenue of $368.91 million for the quarter. Cameco had a negative net margin of 3.72% and a negative return on equity of 1.08%. During the same period last year, the business earned $0.09 earnings per share. On average, analysts expect that Cameco Co. will post 0.09 EPS for the current fiscal year.

Cameco Company Profile (Get Rating)

Cameco Corporation produces and sells uranium. It operates through two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as 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.

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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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