TOMS Capital Investment Management LP purchased a new position in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 48,800 shares of the basic materials company's stock, valued at approximately $2,331,000. Cameco accounts for approximately 0.1% of TOMS Capital Investment Management LP's investment portfolio, making the stock its 15th biggest position.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Glenmede Trust Co. NA raised its stake in shares of Cameco by 2.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company's stock worth $437,000 after buying an additional 191 shares during the last quarter. S.A. Mason LLC raised its stake in shares of Cameco by 6.0% during the 3rd quarter. S.A. Mason LLC now owns 3,655 shares of the basic materials company's stock worth $175,000 after buying an additional 206 shares during the last quarter. Silvia Mccoll Wealth Management LLC raised its stake in shares of Cameco by 3.9% during the 3rd quarter. Silvia Mccoll Wealth Management LLC now owns 5,610 shares of the basic materials company's stock worth $268,000 after buying an additional 210 shares during the last quarter. EdgeRock Capital LLC raised its stake in shares of Cameco by 1.7% during the 3rd 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 during the last quarter. Finally, LRI Investments LLC raised its stake in shares of Cameco by 39.0% during the 2nd 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 last quarter. Institutional investors and hedge funds own 70.21% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Scotiabank dropped 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 upgraded Cameco to a "strong-buy" rating in a report on Tuesday, September 3rd. Glj Research restated a "buy" rating and issued a $63.73 price target on shares of Cameco in a report on Wednesday, August 14th. Finally, Janney Montgomery Scott upgraded Cameco to a "strong-buy" rating in a report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $66.56.
Check Out Our Latest Stock Report on CCJ
Cameco Stock Down 1.2 %
Shares of CCJ traded down $0.70 during trading on Monday, reaching $58.75. The company's stock had a trading volume of 2,466,121 shares, compared to its average volume of 4,427,200. The company has a fifty day moving average of $53.36 and a two-hundred day moving average of $48.93. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $61.05. The company has a market cap of $25.57 billion, a price-to-earnings ratio of 308.84 and a beta of 0.89. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings results 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). Cameco had a net margin of 4.15% and a return on equity of 3.33%. The firm had revenue of $721.00 million during the quarter, compared to the consensus estimate of $646.83 million. During the same quarter last year, the firm posted $0.24 earnings per share. Cameco's revenue was up 25.4% compared to the same quarter last year. On average, sell-side analysts predict that Cameco Co. will post 0.51 EPS for the current fiscal year.
Cameco Increases Dividend
The business also recently announced an annual dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be given a $0.118 dividend. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is currently 57.89%.
About Cameco
(
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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