BNP Paribas Financial Markets lessened its holdings in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 49.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,572 shares of the basic materials company's stock after selling 63,311 shares during the quarter. BNP Paribas Financial Markets' holdings in Cameco were worth $3,036,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. increased its stake 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 during the period. First Horizon Advisors Inc. raised its holdings in shares of Cameco by 84.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company's stock worth $37,000 after buying an additional 351 shares in the last quarter. LRI Investments LLC lifted its position 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 period. JFS Wealth Advisors LLC boosted its stake in Cameco by 130.6% in the 3rd quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company's stock valued at $46,000 after buying an additional 550 shares in the last quarter. Finally, Blue Trust Inc. grew its position in Cameco by 68.8% in the third quarter. Blue Trust Inc. now owns 1,575 shares of the basic materials company's stock valued at $77,000 after acquiring an additional 642 shares during the period. Institutional investors and hedge funds own 70.21% of the company's stock.
Cameco Price Performance
Shares of NYSE CCJ traded down $0.09 during trading on Friday, reaching $61.05. The company had a trading volume of 3,482,332 shares, compared to its average volume of 4,408,795. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $62.55. The business's 50 day moving average price is $54.64 and its 200-day moving average price is $49.25. The stock has a market cap of $26.57 billion, a PE ratio of 321.32 and a beta of 0.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.40). The company had revenue of $721.00 million during the quarter, compared to the consensus estimate of $646.83 million. Cameco had a return on equity of 3.33% and a net margin of 4.15%. The business's revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 EPS. Analysts expect that Cameco Co. will post 0.51 earnings per share for the current year.
Cameco Increases Dividend
The company also recently disclosed an annual dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be given a $0.118 dividend. This represents a yield of 0.22%. This is a positive change from Cameco's previous annual dividend of $0.09. The ex-dividend date is Wednesday, November 27th. Cameco's dividend payout ratio (DPR) is presently 57.89%.
Analysts Set New Price Targets
Several equities research analysts have recently commented on CCJ shares. Janney Montgomery Scott upgraded shares of Cameco to a "strong-buy" rating in a research note on Friday, October 4th. Glj Research restated a "buy" rating and issued a $63.73 price target on shares of Cameco in a research report on Wednesday, August 14th. Scotiabank dropped their price objective on shares of Cameco from $81.00 to $80.00 and set an "outperform" rating for the company in a report on Monday, August 19th. Finally, National Bank Financial raised Cameco to a "strong-buy" rating in a report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $66.56.
Check Out Our Latest Stock Report on CCJ
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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