Cameco Corporation $CCJ Stock Position Lessened by SG Americas Securities LLC

SG Americas Securities LLC trimmed its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 79.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,498 shares of the basic materials company’s stock after selling 91,917 shares during the period. SG Americas Securities LLC’s holdings in Cameco were worth $2,054,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Bison Wealth LLC increased its stake in Cameco by 16.1% during the 4th quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company’s stock valued at $1,102,000 after buying an additional 2,975 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Cameco by 16.6% in the first quarter. AQR Capital Management LLC now owns 9,547 shares of the basic materials company’s stock valued at $393,000 after acquiring an additional 1,361 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in Cameco by 48.7% during the first quarter. Integrated Wealth Concepts LLC now owns 8,485 shares of the basic materials company’s stock worth $349,000 after purchasing an additional 2,780 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Cameco by 11.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 604,841 shares of the basic materials company’s stock worth $24,895,000 after purchasing an additional 64,512 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in Cameco by 43.9% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,324 shares of the basic materials company’s stock worth $98,000 after purchasing an additional 404 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Trading Up 1.6%

NYSE:CCJ opened at $110.68 on Thursday. The stock has a fifty day simple moving average of $92.36 and a 200 day simple moving average of $85.12. The firm has a market capitalization of $48.19 billion, a price-to-earnings ratio of 128.69 and a beta of 1.01. Cameco Corporation has a 1-year low of $35.00 and a 1-year high of $114.45. The company has a quick ratio of 1.85, a current ratio of 2.99 and a debt-to-equity ratio of 0.15.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.17). Cameco had a return on equity of 8.58% and a net margin of 15.24%.The company had revenue of $313.74 million for the quarter, compared to analyst estimates of $531.72 million. During the same quarter in the previous year, the firm posted ($0.01) EPS. Cameco’s quarterly revenue was down 14.7% on a year-over-year basis. Sell-side analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current year.

Cameco Increases Dividend

The company also recently declared an annual dividend, which was paid on Tuesday, December 16th. Investors of record on Monday, December 1st were given a $0.24 dividend. This is a boost from Cameco’s previous annual dividend of $0.12. The ex-dividend date was Monday, December 1st. This represents a dividend yield of 27.0%. Cameco’s payout ratio is currently 19.77%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Glj Research reissued a “buy” rating and issued a $99.74 price objective on shares of Cameco in a research note on Wednesday, December 3rd. UBS Group assumed coverage on shares of Cameco in a research report on Monday, November 10th. They issued a “neutral” rating and a $140.00 price target on the stock. Sanford C. Bernstein raised their price objective on shares of Cameco from $100.00 to $101.00 and gave the company an “outperform” rating in a research report on Wednesday, January 7th. Wall Street Zen cut shares of Cameco from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, The Goldman Sachs Group boosted their target price on shares of Cameco from $95.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.68.

About Cameco

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.