Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Purchases 5,000 Shares of Cameco Co. (NYSE:CCJ)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 75.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,650 shares of the basic materials company’s stock after purchasing an additional 5,000 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Cameco were worth $556,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of CCJ. Meitav Investment House Ltd. raised its stake in Cameco by 2.8% during the 4th quarter. Meitav Investment House Ltd. now owns 8,897 shares of the basic materials company’s stock worth $383,000 after buying an additional 240 shares during the period. Ingalls & Snyder LLC lifted its holdings in shares of Cameco by 2.2% during the 4th quarter. Ingalls & Snyder LLC now owns 12,264 shares of the basic materials company’s stock valued at $529,000 after purchasing an additional 264 shares in the last quarter. Mraz Amerine & Associates Inc. grew its position in shares of Cameco by 3.1% in the 4th quarter. Mraz Amerine & Associates Inc. now owns 9,022 shares of the basic materials company’s stock valued at $389,000 after purchasing an additional 275 shares during the period. Avantax Advisory Services Inc. increased its stake in Cameco by 1.4% during the 3rd quarter. Avantax Advisory Services Inc. now owns 21,495 shares of the basic materials company’s stock worth $852,000 after purchasing an additional 304 shares in the last quarter. Finally, Joule Financial LLC raised its holdings in Cameco by 2.4% during the 4th quarter. Joule Financial LLC now owns 16,524 shares of the basic materials company’s stock worth $712,000 after buying an additional 395 shares during the period. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Up 2.8 %

NYSE:CCJ traded up $1.33 on Tuesday, hitting $48.62. 1,476,068 shares of the company’s stock were exchanged, compared to its average volume of 5,106,777. The firm has a 50-day moving average price of $43.88 and a 200-day moving average price of $43.70. Cameco Co. has a 52 week low of $25.35 and a 52 week high of $52.64. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.55 and a quick ratio of 0.97. The company has a market cap of $21.11 billion, a P/E ratio of 78.83 and a beta of 0.92.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). Cameco had a return on equity of 5.61% and a net margin of 13.97%. The company had revenue of $620.00 million for the quarter. As a group, analysts expect that Cameco Co. will post 1.55 EPS for the current fiscal year.

Analysts Set New Price Targets

CCJ has been the subject of several research analyst reports. The Goldman Sachs Group assumed coverage on shares of Cameco in a report on Monday, April 1st. They issued a “buy” rating and a $55.00 price target for the company. StockNews.com lowered shares of Cameco from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Cameco currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.75.

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.