CWA Asset Management Group LLC acquired a new position in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 295,491 shares of the basic materials company's stock, valued at approximately $14,113,000. CWA Asset Management Group LLC owned about 0.07% of Cameco at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in CCJ. Hollencrest Capital Management raised its stake in shares of Cameco by 3.1% in the third quarter. Hollencrest Capital Management now owns 42,091 shares of the basic materials company's stock worth $2,010,000 after buying an additional 1,266 shares during the period. Heritage Wealth Management Inc. raised its position in shares of Cameco by 280.4% during the 3rd quarter. Heritage Wealth Management Inc. now owns 30,625 shares of the basic materials company's stock valued at $1,463,000 after purchasing an additional 22,575 shares during the period. Confluence Investment Management LLC lifted its stake in shares of Cameco by 4.0% during the 3rd quarter. Confluence Investment Management LLC now owns 22,118 shares of the basic materials company's stock valued at $1,056,000 after buying an additional 859 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Cameco by 1,138.1% in the 3rd quarter. Principal Financial Group Inc. now owns 267,431 shares of the basic materials company's stock worth $12,774,000 after buying an additional 245,831 shares during the period. Finally, M&G PLC purchased a new stake in Cameco in the 3rd quarter worth $66,227,000. 70.21% of the stock is currently owned by institutional investors.
Cameco Trading Down 1.9 %
NYSE:CCJ traded down $1.04 during mid-day trading on Friday, hitting $52.54. 4,050,761 shares of the stock traded hands, compared to its average volume of 4,754,145. The company has a quick ratio of 1.48, a current ratio of 3.22 and a debt-to-equity ratio of 0.23. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $58.72. The stock has a market capitalization of $22.86 billion, a price-to-earnings ratio of 122.19 and a beta of 0.89. The firm's 50 day moving average is $48.27 and its two-hundred day moving average is $48.18.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.39 by ($0.40). Cameco had a net margin of 9.72% and a return on equity of 5.63%. The business had revenue of $721.00 million during the quarter, compared to the consensus estimate of $646.83 million. During the same period last year, the company earned $0.24 EPS. The business's revenue was up 25.4% compared to the same quarter last year. On average, equities research analysts predict that Cameco Co. will post 0.83 earnings per share for the current year.
Cameco Increases Dividend
The firm also recently declared an annual dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, November 27th will be given a $0.118 dividend. This represents a dividend yield of 0.22%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a boost from Cameco's previous annual dividend of $0.09. Cameco's dividend payout ratio is presently 20.93%.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on CCJ shares. Scotiabank dropped their price objective on Cameco from $81.00 to $80.00 and set an "outperform" rating for the company in a research note on Monday, August 19th. National Bank Financial raised shares of Cameco to a "strong-buy" rating in a research note on Tuesday, September 3rd. Janney Montgomery Scott raised Cameco to a "strong-buy" rating in a report on Friday, October 4th. Cantor Fitzgerald upgraded Cameco from a "neutral" rating to an "overweight" rating in a research report on Wednesday, July 31st. Finally, Glj Research reissued a "buy" rating and issued a $63.73 target price on shares of Cameco in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, five have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $66.56.
Check Out Our Latest Stock Analysis on Cameco
Cameco 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.
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