Stifel Financial Corp Sells 96,343 Shares of Cameco Co. (NYSE:CCJ)

Stifel Financial Corp decreased its holdings in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 20.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 377,950 shares of the basic materials company's stock after selling 96,343 shares during the quarter. Stifel Financial Corp owned 0.09% of Cameco worth $18,051,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CCJ. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Cameco by 71.5% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company's stock worth $27,000 after acquiring an additional 238 shares during the last quarter. Pingora Partners LLC purchased a new position in Cameco during the third quarter valued at $33,000. First Horizon Advisors Inc. grew its holdings in Cameco by 84.2% during the third quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company's stock valued at $37,000 after purchasing an additional 351 shares during the period. LRI Investments LLC grew its holdings in Cameco by 39.0% during the second quarter. LRI Investments LLC now owns 834 shares of the basic materials company's stock valued at $41,000 after purchasing an additional 234 shares during the period. Finally, JFS Wealth Advisors LLC increased its position in Cameco by 130.6% in the third quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company's stock worth $46,000 after buying an additional 550 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. National Bank Financial upgraded Cameco to a "strong-buy" rating in a research note on Tuesday, September 3rd. Glj Research reissued a "buy" rating and issued a $63.73 price objective on shares of Cameco in a research note on Wednesday, August 14th. Scotiabank decreased their price objective on shares of Cameco from $81.00 to $80.00 and set an "outperform" rating on the stock in a research report on Monday, August 19th. Finally, Janney Montgomery Scott upgraded Cameco to a "strong-buy" rating in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, five have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $66.56.

Cameco Price Performance

CCJ traded down $1.10 during trading on Tuesday, hitting $56.42. 5,714,475 shares of the company traded hands, compared to its average volume of 4,416,862. The company has a market cap of $24.55 billion, a PE ratio of 302.81 and a beta of 0.91. Cameco Co. has a 1 year low of $35.43 and a 1 year high of $62.55. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The stock's 50-day simple moving average is $54.83 and its two-hundred day simple moving average is $49.24.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its earnings results on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.40). Cameco had a return on equity of 3.33% and a net margin of 4.15%. The firm 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 firm posted $0.24 earnings per share. The company's revenue for the quarter was up 25.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cameco Co. will post 0.51 earnings per share for the current fiscal year.

Cameco Increases Dividend

The company also recently announced an annual dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.118 per share. This is an increase from Cameco's previous annual dividend of $0.09. This represents a dividend yield of 0.22%. The ex-dividend date is Wednesday, November 27th. Cameco's dividend payout ratio is currently 63.16%.

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.