Cameco Co. (NYSE:CCJ) Shares Acquired by Bank of New Hampshire

Bank of New Hampshire increased its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 2,655.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,377 shares of the basic materials company’s stock after buying an additional 31,202 shares during the quarter. Bank of New Hampshire’s holdings in Cameco were worth $1,395,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CCJ. CWM LLC lifted its holdings in shares of Cameco by 416.7% during the third quarter. CWM LLC now owns 3,214 shares of the basic materials company’s stock valued at $127,000 after purchasing an additional 2,592 shares during the last quarter. IFP Advisors Inc raised its position in Cameco by 838.1% during the third quarter. IFP Advisors Inc now owns 3,302 shares of the basic materials company’s stock valued at $131,000 after buying an additional 2,950 shares during the period. DAVENPORT & Co LLC raised its position in Cameco by 8.7% during the third quarter. DAVENPORT & Co LLC now owns 12,500 shares of the basic materials company’s stock valued at $496,000 after buying an additional 1,000 shares during the period. ARK Investment Management LLC acquired a new position in Cameco during the third quarter valued at $13,371,000. Finally, U S Global Investors Inc. acquired a new position in Cameco during the third quarter valued at $297,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CCJ has been the topic of several research reports. StockNews.com lowered Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. The Goldman Sachs Group started coverage on Cameco in a report on Monday, April 1st. They set a “buy” rating and a $55.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $62.75.

Cameco Stock Performance

Shares of CCJ stock traded up $0.03 during mid-day trading on Friday, reaching $49.19. The stock had a trading volume of 1,826,765 shares, compared to its average volume of 5,028,134. The firm’s 50 day simple moving average is $44.28 and its 200 day simple moving average is $43.85. The company has a quick ratio of 0.97, a current ratio of 1.55 and a debt-to-equity ratio of 0.21. Cameco Co. has a one year low of $25.72 and a one year high of $52.64. The firm has a market cap of $21.36 billion, a PE ratio of 81.97 and a beta of 0.92.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results 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 return on equity of 5.61% and a net margin of 13.97%. The company had revenue of $620.00 million during the quarter. On average, analysts forecast that Cameco Co. will post 1.54 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.