Intact Investment Management Inc. Has $12.69 Million Stake in Cameco Co. (NYSE:CCJ)

Intact Investment Management Inc. lifted its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 17.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 246,880 shares of the basic materials company’s stock after acquiring an additional 37,000 shares during the period. Intact Investment Management Inc. owned approximately 0.06% of Cameco worth $12,692,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CCJ. Old West Investment Management LLC lifted its holdings in shares of Cameco by 10.4% during the 3rd quarter. Old West Investment Management LLC now owns 282,072 shares of the basic materials company’s stock worth $13,472,000 after acquiring an additional 26,584 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Cameco by 1,138.1% during the 3rd quarter. Principal Financial Group Inc. now owns 267,431 shares of the basic materials company’s stock worth $12,774,000 after acquiring an additional 245,831 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in shares of Cameco by 9.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 32,397 shares of the basic materials company’s stock worth $1,547,000 after acquiring an additional 2,859 shares during the period. Huntington National Bank lifted its holdings in shares of Cameco by 8.2% during the 3rd quarter. Huntington National Bank now owns 13,827 shares of the basic materials company’s stock worth $660,000 after acquiring an additional 1,045 shares during the period. Finally, Nicola Wealth Management LTD. lifted its holdings in shares of Cameco by 46.8% during the 3rd quarter. Nicola Wealth Management LTD. now owns 45,500 shares of the basic materials company’s stock worth $2,174,000 after acquiring an additional 14,500 shares during the period. 70.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $90.00 price objective on shares of Cameco in a report on Tuesday, March 4th. Glj Research lifted their price target on shares of Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a report on Wednesday. StockNews.com downgraded shares of Cameco from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Stifel Nicolaus started coverage on shares of Cameco in a report on Wednesday. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $73.64.

Cameco Trading Down 2.0 %

Shares of NYSE CCJ opened at $41.75 on Friday. Cameco Co. has a 1-year low of $35.43 and a 1-year high of $62.55. The company has a market cap of $18.17 billion, a PE ratio of 149.09 and a beta of 1.04. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $48.01 and a two-hundred day moving average of $49.91.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The company had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. As a group, equities analysts expect that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

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.