670,167 Shares in Cameco Co. (NYSE:CCJ) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 670,167 shares of the basic materials company’s stock, valued at approximately $34,440,000. Raymond James Financial Inc. owned about 0.15% of Cameco as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the business. Sierra Ocean LLC acquired a new stake in Cameco during the 4th quarter worth approximately $25,000. Pingora Partners LLC purchased a new position in Cameco during the third quarter worth $33,000. Whipplewood Advisors LLC purchased a new stake in shares of Cameco in the fourth quarter valued at $33,000. Compass Planning Associates Inc purchased a new stake in shares of Cameco in the fourth quarter valued at $36,000. Finally, First Horizon Advisors Inc. grew its position in Cameco by 84.2% during the third quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 351 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Price Performance

Shares of NYSE:CCJ opened at $41.75 on Friday. Cameco Co. has a one year low of $35.43 and a one year high of $62.55. The stock has a fifty day moving average of $48.01 and a 200-day moving average of $49.91. The company has a market capitalization of $18.17 billion, a PE ratio of 149.09 and a beta of 1.04. 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 earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.09 billion. As a group, equities analysts anticipate that Cameco Co. will post 1.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CCJ. StockNews.com cut Cameco from a “hold” rating to a “sell” rating in a research note on Tuesday. Royal Bank of Canada reissued an “outperform” rating and issued a $90.00 price objective on shares of Cameco in a report on Tuesday, March 4th. Glj Research upped their target price on Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a report on Wednesday. Finally, Stifel Nicolaus began coverage on 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $73.64.

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.