Cameco Co. (NYSE:CCJ) Shares Purchased by Dantai Capital Ltd

Dantai Capital Ltd grew its stake in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 44.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,260 shares of the basic materials company's stock after purchasing an additional 17,560 shares during the quarter. Cameco makes up 3.5% of Dantai Capital Ltd's holdings, making the stock its 10th biggest position. Dantai Capital Ltd's holdings in Cameco were worth $2,735,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. iA Global Asset Management Inc. purchased a new stake in shares of Cameco during the third quarter worth approximately $5,305,000. Telemark Asset Management LLC lifted its stake in shares of Cameco by 8.3% in the 3rd quarter. Telemark Asset Management LLC now owns 1,300,000 shares of the basic materials company's stock worth $62,088,000 after acquiring an additional 100,000 shares during the period. Moody Lynn & Lieberson LLC acquired a new position in Cameco during the third quarter worth $1,680,000. Swiss National Bank lifted its stake in shares of Cameco by 0.9% in the third quarter. Swiss National Bank now owns 1,314,400 shares of the basic materials company's stock valued at $62,892,000 after purchasing an additional 11,600 shares during the period. Finally, Country Club Bank purchased a new stake in Cameco during the third quarter worth $2,093,000. Hedge funds and other institutional investors own 70.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CCJ. National Bank Financial upgraded shares of Cameco to a "strong-buy" rating in a report on Tuesday, September 3rd. Scotiabank decreased 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, Janney Montgomery Scott raised shares of 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $66.56.

Cameco Stock Down 3.1 %

Shares of NYSE CCJ traded down $1.73 during mid-day trading on Friday, reaching $54.27. 3,749,862 shares of the company traded hands, compared to its average volume of 4,411,210. The stock has a market cap of $23.62 billion, a PE ratio of 286.70 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 Co. has a fifty-two week low of $35.43 and a fifty-two week high of $62.55. The company's fifty day moving average is $55.27 and its two-hundred day moving average is $49.37.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its 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 business had revenue of $721.00 million during the quarter, compared to the consensus estimate of $646.83 million. During the same period in the previous year, the firm earned $0.24 EPS. The business's revenue was up 25.4% compared to the same quarter last year. On average, 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. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a dividend yield of 0.22%. This is a boost from Cameco's previous annual dividend of $0.09. Cameco's dividend payout ratio is currently 63.16%.

Cameco Company Profile

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.