Fairfield Bush & CO. Purchases 5,518 Shares of Cameco Co. (NYSE:CCJ)

Fairfield Bush & CO. lifted its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 22.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 29,734 shares of the basic materials company’s stock after purchasing an additional 5,518 shares during the period. Fairfield Bush & CO.’s holdings in Cameco were worth $1,528,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CCJ. Larson Financial Group LLC raised its position in Cameco by 37.4% in the fourth quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 226 shares during the period. Heritage Wealth Management Inc. raised its holdings in Cameco by 0.8% in the 4th quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company’s stock worth $1,587,000 after purchasing an additional 250 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in Cameco by 48.6% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 267 shares during the period. EdgeRock Capital LLC grew its holdings in Cameco by 2.2% during the fourth quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company’s stock valued at $719,000 after purchasing an additional 297 shares during the period. Finally, Highview Capital Management LLC DE increased its position in Cameco by 5.0% in the fourth quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company’s stock worth $321,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CCJ shares. StockNews.com raised Cameco from a “sell” rating to a “hold” rating in a research report on Tuesday. Glj Research upped their price target on shares of Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research report on Wednesday, March 12th. Royal Bank of Canada restated an “outperform” rating and set a $90.00 price objective on shares of Cameco in a research report on Tuesday, March 4th. Stifel Canada raised shares of Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Finally, Desjardins assumed coverage on Cameco in a report on Friday, April 4th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, Cameco presently has an average rating of “Buy” and a consensus price target of $70.03.

Cameco Trading Up 1.2 %

CCJ stock opened at $41.31 on Thursday. The firm has a market cap of $17.98 billion, a PE ratio of 147.54 and a beta of 1.04. The firm has a fifty day moving average price of $43.03 and a 200 day moving average price of $49.84. 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 Co. has a fifty-two week low of $35.00 and a fifty-two week high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last posted 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 firm had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. Sell-side analysts anticipate that Cameco Co. will post 1.27 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.