Synovus Financial Corp Has $6.12 Million Stock Position in Cameco Co. (NYSE:CCJ)

Synovus Financial Corp grew its stake in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 12.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 128,137 shares of the basic materials company's stock after purchasing an additional 13,901 shares during the period. Synovus Financial Corp's holdings in Cameco were worth $6,120,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Tidal Investments LLC lifted its holdings in Cameco by 9.2% during the 3rd quarter. Tidal Investments LLC now owns 25,396 shares of the basic materials company's stock valued at $1,213,000 after purchasing an additional 2,142 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Cameco during the third quarter worth approximately $38,000. Sanctuary Advisors LLC raised its stake in shares of Cameco by 97.6% in the third quarter. Sanctuary Advisors LLC now owns 13,969 shares of the basic materials company's stock valued at $667,000 after acquiring an additional 6,901 shares during the last quarter. Toronto Dominion Bank boosted its holdings in shares of Cameco by 172.3% in the 3rd quarter. Toronto Dominion Bank now owns 817,028 shares of the basic materials company's stock worth $39,021,000 after acquiring an additional 517,035 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Cameco by 10.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,911,614 shares of the basic materials company's stock worth $91,558,000 after acquiring an additional 177,551 shares during the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. National Bank Financial upgraded Cameco to a "strong-buy" rating in a research report on Tuesday, September 3rd. Scotiabank reduced their price target on shares of Cameco from $81.00 to $80.00 and set an "outperform" rating on the stock in a research report on Monday, August 19th. Finally, Janney Montgomery Scott upgraded shares of Cameco to a "strong-buy" rating in a research report on Friday, October 4th. One 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's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $66.56.

Cameco Trading Down 3.1 %

CCJ stock traded down $1.71 during midday trading on Friday, reaching $54.29. The stock had a trading volume of 3,750,804 shares, compared to its average volume of 4,411,210. The firm has a market cap of $23.63 billion, a price-to-earnings ratio of 285.74 and a beta of 0.91. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $62.55. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $55.32 and a two-hundred day simple moving average of $49.38.

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 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 business had revenue of $721.00 million for the quarter, compared to the consensus estimate of $646.83 million. During the same period last year, the firm earned $0.24 earnings per share. The company's quarterly revenue was up 25.4% on a year-over-year basis. As a group, research analysts expect that Cameco Co. will post 0.51 EPS for the current fiscal year.

Cameco Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were paid a dividend of $0.118 per share. The ex-dividend date was Wednesday, November 27th. This is a boost from Cameco's previous annual dividend of $0.09. This represents a dividend yield of 0.22%. Cameco's payout ratio is 57.89%.

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.