Heritage Wealth Management Inc. Acquires 22,575 Shares of Cameco Co. (NYSE:CCJ)

Heritage Wealth Management Inc. lifted its holdings in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 280.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,625 shares of the basic materials company's stock after purchasing an additional 22,575 shares during the quarter. Heritage Wealth Management Inc.'s holdings in Cameco were worth $1,463,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. S.A. Mason LLC raised its position in shares of 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 lifted its position in 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 acquiring an additional 210 shares during the last quarter. EdgeRock Capital LLC lifted its position in 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 acquiring an additional 224 shares during the last quarter. LRI Investments LLC boosted 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 acquiring an additional 234 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of 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 worth $27,000 after purchasing an additional 238 shares during the period. Institutional investors and hedge funds own 70.21% of the company's stock.

Analyst Ratings Changes

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

Cameco Stock Performance

Shares of CCJ traded down $1.04 during mid-day trading on Friday, reaching $52.54. The company's stock had a trading volume of 4,049,344 shares, compared to its average volume of 4,412,563. The business has a 50-day simple moving average of $48.03 and a two-hundred day simple moving average of $48.15. Cameco Co. has a 1-year low of $35.43 and a 1-year high of $58.72. The stock has a market cap of $22.86 billion, a P/E ratio of 120.70 and a beta of 0.89. The company has a current ratio of 3.22, a quick ratio of 1.48 and a debt-to-equity ratio of 0.23.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings results 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). Cameco had a net margin of 9.72% and a return on equity of 5.63%. The company had revenue of $721.00 million during the quarter, compared to the consensus estimate of $646.83 million. During the same period in the prior year, the company earned $0.24 earnings per share. The firm's revenue was up 25.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Cameco Co. will post 0.83 earnings per share for the current fiscal year.

Cameco Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be issued 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 is currently 18.60%.

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.