D.A. Davidson & CO. Has $2.85 Million Stock Position in Cameco Co. (NYSE:CCJ)

D.A. Davidson & CO. lowered its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,020 shares of the basic materials company’s stock after selling 828 shares during the quarter. D.A. Davidson & CO.’s holdings in Cameco were worth $2,846,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Morgan Stanley increased its position in Cameco by 5.8% in the 3rd quarter. Morgan Stanley now owns 7,752,258 shares of the basic materials company’s stock valued at $307,300,000 after acquiring an additional 428,310 shares in the last quarter. Guardian Capital LP increased its position in Cameco by 40.7% in the 3rd quarter. Guardian Capital LP now owns 864,304 shares of the basic materials company’s stock valued at $34,451,000 after acquiring an additional 250,115 shares in the last quarter. Foster Victor Wealth Advisors LLC acquired a new stake in Cameco in the 4th quarter valued at about $3,956,000. Financial Insights Inc. acquired a new stake in Cameco in the 3rd quarter valued at about $1,942,000. Finally, Vanguard Group Inc. increased its position in Cameco by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 15,548,514 shares of the basic materials company’s stock valued at $616,343,000 after acquiring an additional 236,212 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Cameco in a research report on Monday, April 1st. They issued a “buy” rating and a $55.00 price objective 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 assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Cameco currently has a consensus rating of “Moderate Buy” and an average price target of $62.75.

Cameco Stock Down 0.9 %

Shares of NYSE CCJ opened at $51.69 on Friday. The firm has a market capitalization of $22.47 billion, a PE ratio of 132.54 and a beta of 0.92. 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 Co. has a 1 year low of $26.15 and a 1 year high of $54.93. The firm’s 50-day moving average is $47.92 and its 200-day moving average is $45.50.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Tuesday, April 30th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.23). Cameco had a net margin of 9.28% and a return on equity of 4.60%. The business had revenue of $470.29 million during the quarter. Equities analysts expect that Cameco Co. will post 1.38 EPS for the current year.

Cameco 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.