PDS Planning Inc Has $281,000 Stake in Cameco Co. (NYSE:CCJ)

PDS Planning Inc grew its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 11.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,511 shares of the basic materials company’s stock after purchasing an additional 649 shares during the quarter. PDS Planning Inc’s holdings in Cameco were worth $281,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC boosted its stake in shares of Cameco by 21.6% in the third quarter. FMR LLC now owns 27,418,564 shares of the basic materials company’s stock valued at $1,087,629,000 after buying an additional 4,865,085 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Cameco by 74.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,730,858 shares of the basic materials company’s stock valued at $227,365,000 after buying an additional 2,442,190 shares during the period. Platinum Investment Management Ltd. boosted its stake in shares of Cameco by 156.3% in the third quarter. Platinum Investment Management Ltd. now owns 3,089,235 shares of the basic materials company’s stock valued at $122,605,000 after buying an additional 1,884,004 shares during the period. Rheos Capital Works Inc. bought a new stake in shares of Cameco in the fourth quarter valued at approximately $61,245,000. Finally, Lord Abbett & CO. LLC bought a new stake in shares of Cameco in the third quarter valued at approximately $46,585,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

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

Cameco Stock Up 2.9 %

NYSE CCJ opened at $48.68 on Wednesday. The business has a fifty day moving average price of $44.02 and a two-hundred day moving average price of $43.78. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.55 and a quick ratio of 0.97. Cameco Co. has a fifty-two week low of $25.35 and a fifty-two week high of $52.64. The stock has a market capitalization of $21.14 billion, a PE ratio of 81.13 and a beta of 0.92.

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

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.