Cameco Co. (NYSE:CCJ) Shares Purchased by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. increased its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 0.6% during the first quarter, HoldingsChannel reports. The fund owned 236,235 shares of the basic materials company’s stock after acquiring an additional 1,491 shares during the quarter. Cameco accounts for about 1.5% of Stanley Laman Group Ltd.’s investment portfolio, making the stock its 5th biggest holding. Stanley Laman Group Ltd.’s holdings in Cameco were worth $9,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in CCJ. Norges Bank bought a new stake in Cameco during the fourth quarter worth $188,595,000. FMR LLC increased its holdings in Cameco by 8.7% during the fourth quarter. FMR LLC now owns 22,639,647 shares of the basic materials company’s stock worth $1,163,942,000 after buying an additional 1,811,876 shares during the last quarter. Driehaus Capital Management LLC increased its stake in shares of Cameco by 120.2% during the 4th quarter. Driehaus Capital Management LLC now owns 2,245,539 shares of the basic materials company’s stock worth $115,398,000 after purchasing an additional 1,225,966 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Cameco by 13.5% in the fourth quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company’s stock valued at $518,443,000 after buying an additional 1,196,336 shares during the period. Finally, AGF Management Ltd. raised its stake in Cameco by 54.2% in the 4th quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company’s stock valued at $174,433,000 after acquiring an additional 1,193,266 shares during the period. Institutional investors own 70.21% of the company’s stock.

Cameco Price Performance

Shares of NYSE:CCJ opened at $66.14 on Friday. The business has a 50-day simple moving average of $50.11 and a two-hundred day simple moving average of $49.51. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The firm has a market cap of $28.79 billion, a price-to-earnings ratio of 236.21 and a beta of 0.97. Cameco Co. has a fifty-two week low of $35.00 and a fifty-two week high of $68.12.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). The firm had revenue of $549.58 million for the quarter, compared to the consensus estimate of $890.07 million. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The company’s revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.13 earnings per share. On average, analysts expect that Cameco Co. will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CCJ shares. The Goldman Sachs Group raised their price target on Cameco from $65.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday. Sanford C. Bernstein set a $70.00 price objective on shares of Cameco and gave the stock an “outperform” rating in a report on Tuesday. Desjardins assumed coverage on Cameco in a research report on Friday, April 4th. They issued a “buy” rating for the company. Scotiabank reiterated an “outperform” rating on shares of Cameco in a report on Wednesday, May 14th. Finally, Stifel Nicolaus assumed coverage on shares of Cameco in a report on Wednesday, March 12th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $75.63.

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.