Ipswich Investment Management Co. Inc. acquired a new position in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 20,160 shares of the basic materials company's stock, valued at approximately $963,000.
Several other institutional investors also recently bought and sold shares of the company. S.A. Mason LLC boosted its position in Cameco by 6.0% during the 3rd quarter. S.A. Mason LLC now owns 3,655 shares of the basic materials company's stock valued at $175,000 after acquiring an additional 206 shares in the last quarter. Silvia Mccoll Wealth Management LLC boosted its position in shares of Cameco by 3.9% in the 3rd quarter. Silvia Mccoll Wealth Management LLC now owns 5,610 shares of the basic materials company's stock worth $268,000 after purchasing an additional 210 shares in the last quarter. EdgeRock Capital LLC boosted its position in shares of Cameco by 1.7% in the 3rd quarter. EdgeRock Capital LLC now owns 13,689 shares of the basic materials company's stock worth $654,000 after purchasing an additional 224 shares in the last quarter. LRI Investments LLC boosted its position in shares of Cameco by 39.0% in the 2nd quarter. LRI Investments LLC now owns 834 shares of the basic materials company's stock worth $41,000 after purchasing an additional 234 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Cameco by 71.5% in the 3rd 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 in the last quarter. 70.21% of the stock is currently owned by hedge funds and other institutional investors.
Cameco Stock Performance
CCJ traded up $0.48 on Friday, reaching $53.59. 10,937,847 shares of the stock were exchanged, compared to its average volume of 4,443,106. The firm has a market capitalization of $23.32 billion, a PE ratio of 281.95 and a beta of 0.89. The company's 50-day moving average price is $49.73 and its 200 day moving average price is $48.33. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. Cameco Co. has a fifty-two week low of $35.43 and a fifty-two week high of $58.72.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced 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). The company had revenue of $721.00 million for the quarter, compared to analysts' expectations of $646.83 million. Cameco had a net margin of 4.15% and a return on equity of 3.33%. The firm's revenue was up 25.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.24 earnings per share. As a group, sell-side analysts forecast that Cameco Co. will post 0.69 EPS 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 paid a dividend of $0.118 per share. This is a positive change from Cameco's previous annual dividend of $0.09. This represents a dividend yield of 0.22%. The ex-dividend date of this dividend is Wednesday, November 27th. Cameco's dividend payout ratio is presently 57.89%.
Analyst Ratings Changes
CCJ has been the subject of a number of recent analyst reports. Glj Research reissued a "buy" rating and issued a $63.73 price objective on shares of Cameco in a research report on Wednesday, August 14th. Scotiabank lowered 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 raised Cameco to a "strong-buy" rating in a research report on Tuesday, September 3rd. Cantor Fitzgerald raised Cameco from a "neutral" rating to an "overweight" rating in a research report on Wednesday, July 31st. Finally, Janney Montgomery Scott raised Cameco to a "strong-buy" rating in a research report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $66.56.
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Cameco Profile
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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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