Icon Advisers Inc. Co. purchased a new stake in Cameco Corp. (NYSE:CCJ) (TSE:CCO) during the third quarter, according to its most recent disclosure with the SEC. The fund purchased 235,000 shares of the company’s stock, valued at approximately $2,012,000. Icon Advisers Inc. Co. owned 0.06% of Cameco Corp. at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Rathbone Brothers plc boosted its stake in shares of Cameco Corp. by 13.6% in the third quarter. Rathbone Brothers plc now owns 12,695 shares of the company’s stock valued at $108,000 after buying an additional 1,520 shares during the last quarter. Evanson Asset Management LLC boosted its stake in shares of Cameco Corp. by 5.8% in the third quarter. Evanson Asset Management LLC now owns 12,700 shares of the company’s stock valued at $109,000 after buying an additional 700 shares during the last quarter. Kornitzer Capital Management Inc. KS purchased a new stake in shares of Cameco Corp. during the second quarter valued at approximately $110,000. IFP Advisors Inc boosted its stake in shares of Cameco Corp. by 7.2% in the second quarter. IFP Advisors Inc now owns 10,073 shares of the company’s stock valued at $111,000 after buying an additional 678 shares during the last quarter. Finally, Water Island Capital LLC boosted its stake in shares of Cameco Corp. by 40.0% in the second quarter. Water Island Capital LLC now owns 10,500 shares of the company’s stock valued at $115,000 after buying an additional 3,000 shares during the last quarter. Hedge funds and other institutional investors own 54.09% of the company’s stock.

Institutional Ownership by Quarter for Cameco Corp. (NYSE:CCJ)

Cameco Corp. (NYSE:CCJ) traded down 2.58% during trading on Tuesday, reaching $9.07. The company had a trading volume of 2,179,567 shares. The firm’s 50 day moving average is $8.39 and its 200-day moving average is $9.70. Cameco Corp. has a 12 month low of $7.41 and a 12 month high of $13.59. The company has a market capitalization of $3.59 billion, a P/E ratio of 68.20 and a beta of 1.42.

Cameco Corp. (NYSE:CCJ) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.08. Cameco Corp. had a net margin of 2.73% and a return on equity of 3.70%. The company earned $670 million during the quarter, compared to the consensus estimate of $494.13 million. During the same quarter in the prior year, the firm posted $0.20 EPS. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. On average, equities analysts expect that Cameco Corp. will post $0.57 earnings per share for the current year.

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A number of research firms have weighed in on CCJ. Royal Bank Of Canada lowered their price objective on Cameco Corp. from $17.00 to $15.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 10th. RBC Capital Markets reissued an “outperform” rating and set a $15.00 price objective (down previously from $17.00) on shares of Cameco Corp. in a research note on Thursday, August 11th. Dundee Securities reissued a “buy” rating and set a $17.50 price objective on shares of Cameco Corp. in a research note on Wednesday, August 10th. TheStreet lowered Cameco Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 3rd. Finally, Paradigm Capital reissued a “buy” rating and set a $19.50 price objective (down previously from $25.50) on shares of Cameco Corp. in a research note on Thursday, August 4th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $14.96.

About Cameco Corp.

Cameco Corporation (Cameco) is a uranium producer. The Company is engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Company operates through three segments: uranium, fuel services and NUKEM.

5 Day Chart for NYSE:CCJ

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