OVERSEA CHINESE BANKING Corp Ltd Has $5.82 Million Position in Cameco Co. (NYSE:CCJ)

OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 144.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,881 shares of the basic materials company's stock after purchasing an additional 71,940 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in Cameco were worth $5,822,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. LRI Investments LLC bought a new stake in shares of Cameco during the first quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in 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 valued at $27,000 after acquiring an additional 238 shares during the last quarter. JFS Wealth Advisors LLC boosted its holdings in Cameco by 130.6% during the third quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company's stock worth $46,000 after buying an additional 550 shares during the last quarter. Blue Trust Inc. raised its position in shares of Cameco by 68.8% in the 3rd quarter. Blue Trust Inc. now owns 1,575 shares of the basic materials company's stock valued at $77,000 after acquiring an additional 642 shares during the period. Finally, Crewe Advisors LLC bought a new position in Cameco during the 1st quarter worth approximately $87,000. Institutional investors and hedge funds own 70.21% of the company's stock.

Cameco Stock Performance

NYSE CCJ traded up $0.71 on Tuesday, reaching $52.79. The stock had a trading volume of 2,410,209 shares, compared to its average volume of 4,397,292. Cameco Co. has a 1-year low of $35.43 and a 1-year high of $58.72. The company has a market cap of $22.97 billion, a P/E ratio of 275.84 and a beta of 0.89. The firm has a fifty day moving average of $48.49 and a two-hundred day moving average of $48.20. 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 released 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 company had revenue of $721.00 million for the quarter, compared to the consensus estimate of $646.83 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The business's revenue was up 25.4% compared to the same quarter last year. On average, equities research analysts anticipate that Cameco Co. will post 0.83 EPS 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 paid a $0.118 dividend. This represents a yield of 0.22%. This is a boost from Cameco's previous annual dividend of $0.09. The ex-dividend date of this dividend is Wednesday, November 27th. Cameco's dividend payout ratio (DPR) is 57.89%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Cantor Fitzgerald raised Cameco from a "neutral" rating to an "overweight" rating in a research report on Wednesday, July 31st. Janney Montgomery Scott upgraded Cameco to a "strong-buy" rating in a report on Friday, October 4th. Glj Research reiterated a "buy" rating and issued a $63.73 price objective on shares of Cameco in a report on Wednesday, August 14th. Scotiabank reduced their price objective 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. Finally, National Bank Financial upgraded Cameco to a "strong-buy" rating in a report on Tuesday, September 3rd. One 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. According to MarketBeat, Cameco 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.