Nicola Wealth Management LTD. Buys 14,500 Shares of Cameco Co. (NYSE:CCJ)

Nicola Wealth Management LTD. boosted its stake in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 46.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,500 shares of the basic materials company's stock after buying an additional 14,500 shares during the period. Nicola Wealth Management LTD.'s holdings in Cameco were worth $2,174,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Cameco by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 15,911,954 shares of the basic materials company's stock worth $689,306,000 after purchasing an additional 200,871 shares in the last quarter. Capital World Investors increased its holdings in Cameco by 1.6% in the 1st quarter. Capital World Investors now owns 13,708,235 shares of the basic materials company's stock worth $593,524,000 after buying an additional 215,741 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Cameco by 3.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,514,500 shares of the basic materials company's stock worth $282,210,000 after buying an additional 202,157 shares during the last quarter. William Blair Investment Management LLC lifted its stake in Cameco by 6.8% during the 2nd quarter. William Blair Investment Management LLC now owns 4,160,009 shares of the basic materials company's stock valued at $204,672,000 after acquiring an additional 265,196 shares during the period. Finally, Driehaus Capital Management LLC grew its stake in shares of Cameco by 4.7% in the second quarter. Driehaus Capital Management LLC now owns 3,915,086 shares of the basic materials company's stock worth $192,622,000 after acquiring an additional 176,183 shares during the period. Institutional investors own 70.21% of the company's stock.

Cameco Stock Performance

Cameco stock traded up $0.13 during midday trading on Thursday, hitting $53.11. The stock had a trading volume of 3,411,405 shares, compared to its average volume of 4,413,956. Cameco Co. has a 52-week low of $35.43 and a 52-week high of $58.72. The company has a market capitalization of $23.11 billion, a PE ratio of 283.49 and a beta of 0.89. The firm's fifty day moving average is $49.10 and its two-hundred day moving average is $48.27. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $646.83 million. During the same period last year, the company earned $0.24 earnings per share. The business's revenue for the quarter was up 25.4% on a year-over-year basis. On average, research analysts forecast that Cameco Co. will post 0.69 EPS for the current year.

Cameco Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be given a $0.118 dividend. This represents a dividend yield of 0.22%. This is an increase from Cameco's previous annual dividend of $0.09. The ex-dividend date is Wednesday, November 27th. Cameco's payout ratio is presently 47.37%.

Analyst Ratings Changes

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

Cameco 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.