Hexavest Inc. Invests $3.44 Million in Cameco Corp (CCJ) Stock

Hexavest Inc. purchased a new position in Cameco Corp (NYSE:CCJ) (TSE:CCO) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 291,688 shares of the basic materials company’s stock, valued at approximately $3,439,000. Hexavest Inc. owned approximately 0.07% of Cameco at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Geode Capital Management LLC raised its stake in shares of Cameco by 12.9% during the fourth quarter. Geode Capital Management LLC now owns 324,407 shares of the basic materials company’s stock valued at $3,649,000 after acquiring an additional 37,047 shares in the last quarter. Norges Bank bought a new stake in shares of Cameco during the fourth quarter valued at approximately $35,531,000. Dimensional Fund Advisors LP raised its stake in shares of Cameco by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,746,665 shares of the basic materials company’s stock valued at $19,825,000 after acquiring an additional 7,004 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Cameco by 9.5% during the fourth quarter. Nordea Investment Management AB now owns 35,890 shares of the basic materials company’s stock valued at $554,000 after acquiring an additional 3,125 shares in the last quarter. Finally, Millennium Management LLC bought a new stake in shares of Cameco during the fourth quarter valued at approximately $455,000. 53.33% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently weighed in on CCJ. Zacks Investment Research downgraded shares of Cameco from a “buy” rating to a “hold” rating in a research note on Friday, February 8th. Bank of America downgraded shares of Cameco to a “sell” rating in a research note on Thursday, December 20th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. Cameco has an average rating of “Hold” and a consensus target price of $15.33.

Cameco stock opened at $11.87 on Thursday. The company has a quick ratio of 1.84, a current ratio of 2.38 and a debt-to-equity ratio of 0.20. Cameco Corp has a fifty-two week low of $9.39 and a fifty-two week high of $13.04. The company has a market cap of $4.69 billion, a PE ratio of 29.68 and a beta of 0.88.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Friday, February 8th. The basic materials company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.20. The company had revenue of $628.85 million during the quarter. Cameco had a net margin of 7.91% and a return on equity of 4.23%. On average, sell-side analysts predict that Cameco Corp will post -0.01 EPS for the current year.

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About Cameco

Cameco Corporation produces and sells uranium worldwide. The company operates in two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrate. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; and the Inkai property located in Kazakhstan.

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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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