Metis Global Partners LLC Purchases 1,874 Shares of Cameco Co. (NYSE:CCJ)

Metis Global Partners LLC raised its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 8.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 24,553 shares of the basic materials company’s stock after acquiring an additional 1,874 shares during the period. Metis Global Partners LLC’s holdings in Cameco were worth $1,059,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Cameco by 37.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 280,118 shares of the basic materials company’s stock valued at $11,165,000 after acquiring an additional 76,624 shares in the last quarter. Advisor Partners II LLC grew its stake in Cameco by 3.7% in the 3rd quarter. Advisor Partners II LLC now owns 12,507 shares of the basic materials company’s stock valued at $496,000 after buying an additional 452 shares in the last quarter. Montgomery Investment Management Inc. raised its stake in shares of Cameco by 31.1% during the 3rd quarter. Montgomery Investment Management Inc. now owns 25,300 shares of the basic materials company’s stock valued at $1,003,000 after purchasing an additional 6,000 shares during the period. Financial Advocates Investment Management bought a new position in Cameco in the 3rd quarter worth about $211,000. Finally, Princeton Global Asset Management LLC lifted its holdings in shares of Cameco by 148.1% in the third quarter. Princeton Global Asset Management LLC now owns 5,025 shares of the basic materials company’s stock worth $199,000 after buying an additional 3,000 shares in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Price Performance

CCJ opened at $50.56 on Thursday. Cameco Co. has a 12-month low of $26.15 and a 12-month high of $52.80. The company has a market cap of $21.95 billion, a price-to-earnings ratio of 129.64 and a beta of 0.92. The stock has a fifty day simple moving average of $45.66 and a two-hundred day simple moving average of $44.63. The company has a current ratio of 1.42, a quick ratio of 0.69 and a debt-to-equity ratio of 0.17.

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 net margin of 9.28% and a return on equity of 4.60%. The company had revenue of $620.00 million for the quarter. Research analysts predict that Cameco Co. will post 1.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CCJ has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Cameco from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. The Goldman Sachs Group began coverage on Cameco in a research note on Monday, April 1st. They set 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 issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $62.75.

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.