Mirabella Financial Services LLP Buys Shares of 318,448 Cameco Co. (NYSE:CCJ)

Mirabella Financial Services LLP bought a new stake in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 318,448 shares of the basic materials company's stock, valued at approximately $15,209,000. Cameco accounts for 1.0% of Mirabella Financial Services LLP's investment portfolio, making the stock its 27th biggest position. Mirabella Financial Services LLP owned 0.07% of Cameco as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. S.A. Mason LLC boosted its holdings in Cameco by 6.0% in the third quarter. S.A. Mason LLC now owns 3,655 shares of the basic materials company's stock valued at $175,000 after purchasing an additional 206 shares during the period. Silvia Mccoll Wealth Management LLC boosted its stake in shares of Cameco by 3.9% in the 3rd quarter. Silvia Mccoll Wealth Management LLC now owns 5,610 shares of the basic materials company's stock valued at $268,000 after buying an additional 210 shares during the period. EdgeRock Capital LLC grew its position in shares of Cameco by 1.7% during the third quarter. EdgeRock Capital LLC now owns 13,689 shares of the basic materials company's stock worth $654,000 after buying an additional 224 shares in the last quarter. LRI Investments LLC increased its stake in shares of Cameco by 39.0% during the second quarter. LRI Investments LLC now owns 834 shares of the basic materials company's stock worth $41,000 after buying an additional 234 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in Cameco by 71.5% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company's stock valued at $27,000 after acquiring an additional 238 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on CCJ. Cantor Fitzgerald raised shares of Cameco from a "neutral" rating to an "overweight" rating in a research report on Wednesday, July 31st. Glj Research restated a "buy" rating and issued a $63.73 price target on shares of Cameco in a research note on Wednesday, August 14th. Scotiabank lowered their price objective on Cameco from $81.00 to $80.00 and set an "outperform" rating for the company in a research report on Monday, August 19th. National Bank Financial raised Cameco to a "strong-buy" rating in a research report on Tuesday, September 3rd. Finally, Janney Montgomery Scott raised Cameco to a "strong-buy" rating in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, five have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $66.56.

Cameco Stock Performance

Shares of CCJ traded down $2.02 during midday trading on Monday, reaching $58.10. 3,785,352 shares of the stock were exchanged, compared to its average volume of 4,458,874. The company has a market capitalization of $25.28 billion, a price-to-earnings ratio of 316.39 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. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $60.98. The business's 50-day moving average price is $51.66 and its 200 day moving average price is $48.65.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.40). The firm had revenue of $721.00 million during the quarter, compared to analysts' expectations of $646.83 million. Cameco had a net margin of 4.15% and a return on equity of 3.33%. Cameco's quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.24 EPS. On average, sell-side analysts expect that Cameco Co. will post 0.7 EPS for the current fiscal year.

Cameco Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be paid a $0.118 dividend. The ex-dividend date is Wednesday, November 27th. This is a positive change from Cameco's previous annual dividend of $0.09. This represents a yield of 0.22%. Cameco's payout ratio is currently 47.37%.

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.