Highview Capital Management LLC DE Buys 300 Shares of Cameco Co. (NYSE:CCJ)

Highview Capital Management LLC DE increased its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 5.0% during the fourth quarter, HoldingsChannel reports. The firm owned 6,246 shares of the basic materials company’s stock after acquiring an additional 300 shares during the period. Highview Capital Management LLC DE’s holdings in Cameco were worth $321,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of CCJ. Sierra Ocean LLC bought a new stake in shares of Cameco in the 4th quarter worth approximately $25,000. Hurley Capital LLC purchased a new position in Cameco in the 4th quarter valued at approximately $27,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Cameco in the 4th quarter valued at approximately $28,000. Whipplewood Advisors LLC purchased a new position in Cameco in the 4th quarter valued at approximately $33,000. Finally, Compass Planning Associates Inc purchased a new position in Cameco in the 4th quarter valued at approximately $36,000. Institutional investors own 70.21% of the company’s stock.

Cameco Stock Performance

NYSE CCJ opened at $52.20 on Thursday. Cameco Co. has a 52-week low of $35.00 and a 52-week high of $62.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The company has a market capitalization of $22.72 billion, a P/E ratio of 186.41 and a beta of 0.89. The company has a fifty day moving average of $44.31 and a 200-day moving average of $48.86.

Cameco (NYSE:CCJ) (TSE:CCO) last posted 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 company had revenue of $549.58 million for the quarter, compared to the consensus estimate of $890.07 million. During the same period in the prior year, the firm posted $0.13 earnings per share. The business’s revenue was up 24.4% on a year-over-year basis. As a group, equities research analysts predict that Cameco Co. will post 1.27 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on CCJ. Stifel Nicolaus began coverage on shares of Cameco in a research note on Wednesday, March 12th. They issued a “buy” rating for the company. Sanford C. Bernstein began coverage on shares of Cameco in a research note on Tuesday, April 1st. They issued an “outperform” rating and a $52.00 price objective for the company. Desjardins began coverage on shares of Cameco in a research note on Friday, April 4th. They issued a “buy” rating for the company. Scotiabank reiterated an “outperform” rating on shares of Cameco in a research note on Wednesday, May 14th. Finally, The Goldman Sachs Group began coverage on shares of Cameco in a research note on Tuesday. They issued a “buy” rating and a $65.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $70.53.

About Cameco

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.