Nations Financial Group Inc. IA ADV Buys 37,868 Shares of Cameco Co. (NYSE:CCJ)

Nations Financial Group Inc. IA ADV raised its stake in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 134.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,043 shares of the basic materials company's stock after acquiring an additional 37,868 shares during the period. Nations Financial Group Inc. IA ADV's holdings in Cameco were worth $3,154,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. S.A. Mason LLC boosted its holdings in shares of 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 increased its stake in shares of Cameco by 3.9% in the third quarter. Silvia Mccoll Wealth Management LLC now owns 5,610 shares of the basic materials company's stock valued at $268,000 after buying an additional 210 shares during the period. EdgeRock Capital LLC raised its holdings in Cameco by 1.7% in the 3rd quarter. EdgeRock Capital LLC now owns 13,689 shares of the basic materials company's stock valued at $654,000 after buying an additional 224 shares during the last quarter. LRI Investments LLC grew its holdings in 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 acquiring an additional 234 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in 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 valued at $27,000 after acquiring an additional 238 shares during the period. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Stock Down 0.8 %

Shares of CCJ stock traded down $0.44 on Monday, reaching $52.10. 3,137,684 shares of the company were exchanged, compared to its average volume of 4,406,720. Cameco Co. has a one year low of $35.43 and a one year high of $58.72. The company has a market cap of $22.67 billion, a price-to-earnings ratio of 273.58 and a beta of 0.89. The company has a 50-day moving average of $48.27 and a 200-day moving average of $48.18. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.22 and a quick ratio of 1.48.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly 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). The business had revenue of $721.00 million during the quarter, compared to analyst estimates of $646.83 million. Cameco had a net margin of 4.15% and a return on equity of 3.33%. The business's revenue for the quarter was up 25.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.24 EPS. Analysts anticipate that Cameco Co. will post 0.83 earnings per share for the current year.

Cameco Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, November 27th will be issued a $0.118 dividend. The ex-dividend date is Wednesday, November 27th. This represents a yield of 0.22%. This is a positive change from Cameco's previous annual dividend of $0.09. Cameco's dividend payout ratio (DPR) is 57.89%.

Analysts Set New Price Targets

Several brokerages recently weighed in on CCJ. Cantor Fitzgerald raised shares of Cameco from a "neutral" rating to an "overweight" rating in a research note on Wednesday, July 31st. Scotiabank reduced their target price on Cameco from $81.00 to $80.00 and set an "outperform" rating on the stock in a report on Monday, August 19th. Janney Montgomery Scott upgraded shares of Cameco to a "strong-buy" rating in a report on Friday, October 4th. National Bank Financial raised shares of Cameco to a "strong-buy" rating in a research note on Tuesday, September 3rd. Finally, Glj Research reissued a "buy" rating and set a $63.73 target price on shares of Cameco in a research note on Wednesday, August 14th. 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's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $66.56.

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.