Guardian Capital LP Buys 29,367 Shares of Cameco Co. (NYSE:CCJ)

Guardian Capital LP increased its stake in shares of Cameco Co. (NYSE:CCJFree Report) (TSE:CCO) by 3.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 893,671 shares of the basic materials company’s stock after buying an additional 29,367 shares during the quarter. Cameco accounts for about 1.4% of Guardian Capital LP’s investment portfolio, making the stock its 19th largest position. Guardian Capital LP owned 0.21% of Cameco worth $38,719,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of CCJ. Meitav Investment House Ltd. boosted its stake in shares of Cameco by 2.8% in the 4th quarter. Meitav Investment House Ltd. now owns 8,897 shares of the basic materials company’s stock valued at $383,000 after purchasing an additional 240 shares in the last quarter. Ingalls & Snyder LLC grew its stake in Cameco by 2.2% during the fourth quarter. Ingalls & Snyder LLC now owns 12,264 shares of the basic materials company’s stock worth $529,000 after buying an additional 264 shares during the last quarter. Mraz Amerine & Associates Inc. increased its holdings in shares of Cameco by 3.1% during the fourth quarter. Mraz Amerine & Associates Inc. now owns 9,022 shares of the basic materials company’s stock worth $389,000 after buying an additional 275 shares in the last quarter. Avantax Advisory Services Inc. raised its stake in shares of Cameco by 1.4% in the third quarter. Avantax Advisory Services Inc. now owns 21,495 shares of the basic materials company’s stock valued at $852,000 after acquiring an additional 304 shares during the last quarter. Finally, Joule Financial LLC boosted its holdings in shares of Cameco by 2.4% in the 4th quarter. Joule Financial LLC now owns 16,524 shares of the basic materials company’s stock worth $712,000 after acquiring an additional 395 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Trading Up 2.1 %

Cameco stock traded up $1.01 during mid-day trading on Tuesday, hitting $49.99. The stock had a trading volume of 2,785,232 shares, compared to its average volume of 4,968,688. The stock has a market capitalization of $21.71 billion, a PE ratio of 128.15 and a beta of 0.92. Cameco Co. has a 12 month low of $26.15 and a 12 month high of $53.17. The company has a current ratio of 1.42, a quick ratio of 0.69 and a debt-to-equity ratio of 0.17. The stock has a 50-day simple moving average of $46.23 and a two-hundred day simple moving average of $44.93.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. The Goldman Sachs Group started coverage on Cameco in a research report on Monday, April 1st. They issued a “buy” rating and a $55.00 price objective for the company. StockNews.com lowered shares of Cameco from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Cameco currently has an average rating of “Moderate Buy” and an average price target of $62.75.

Check Out Our Latest Stock Analysis on Cameco

Cameco Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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