Fullerton Fund Management Co Ltd. Buys 5,681 Shares of Cameco Co. (NYSE:CCJ)

Fullerton Fund Management Co Ltd. lifted its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 54.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,037 shares of the basic materials company’s stock after purchasing an additional 5,681 shares during the quarter. Fullerton Fund Management Co Ltd.’s holdings in Cameco were worth $824,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. FMR LLC boosted its position in shares of Cameco by 8.7% during the fourth quarter. FMR LLC now owns 22,639,647 shares of the basic materials company’s stock valued at $1,163,942,000 after buying an additional 1,811,876 shares during the period. Vanguard Group Inc. boosted its holdings in Cameco by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 16,784,270 shares of the basic materials company’s stock valued at $862,997,000 after acquiring an additional 270,102 shares during the period. Alliancebernstein L.P. grew its position in Cameco by 13.5% in the 4th quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company’s stock valued at $518,443,000 after acquiring an additional 1,196,336 shares during the last quarter. Norges Bank purchased a new stake in Cameco in the fourth quarter worth $188,595,000. Finally, AGF Management Ltd. lifted its position in shares of Cameco by 54.2% during the fourth quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company’s stock worth $174,433,000 after purchasing an additional 1,193,266 shares during the last quarter. Institutional investors own 70.21% of the company’s stock.

Cameco Price Performance

Shares of CCJ stock opened at $50.76 on Friday. The company has a market cap of $22.10 billion, a P/E ratio of 181.29 and a beta of 0.89. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The stock’s 50-day moving average is $42.74 and its 200 day moving average is $48.97. Cameco Co. has a 1-year low of $35.00 and a 1-year high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). Cameco had a return on equity of 4.34% and a net margin of 5.39%. The firm had revenue of $549.58 million during the quarter, compared to analysts’ expectations of $890.07 million. During the same period in the previous year, the firm earned $0.13 EPS. The firm’s quarterly revenue was up 24.4% on a year-over-year basis. Research analysts predict that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CCJ shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $90.00 price target on shares of Cameco in a research note on Tuesday, March 4th. Desjardins started coverage on shares of Cameco in a research note on Friday, April 4th. They set a “buy” rating for the company. StockNews.com cut Cameco from a “hold” rating to a “sell” rating in a research note on Monday, May 5th. Glj Research lifted their target price on Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a research report on Wednesday, March 12th. Finally, Stifel Nicolaus assumed coverage on Cameco in a research report on Wednesday, March 12th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, Cameco presently has an average rating of “Buy” and a consensus target price of $70.03.

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.