Thames Capital Management LLC Increases Stock Position in Cameco Corporation $CCJ

Thames Capital Management LLC boosted its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 66.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,062 shares of the basic materials company’s stock after buying an additional 42,879 shares during the period. Thames Capital Management LLC’s holdings in Cameco were worth $8,978,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CCJ. Financial Consulate Inc. purchased a new position in shares of Cameco in the third quarter valued at $25,000. Trust Co. of Vermont boosted its stake in Cameco by 1,029.4% in the 2nd quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 350 shares during the period. Armstrong Advisory Group Inc. grew its holdings in Cameco by 110.3% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 347 shares of the basic materials company’s stock valued at $29,000 after buying an additional 182 shares in the last quarter. Hilltop National Bank bought a new stake in shares of Cameco during the second quarter valued at about $30,000. Finally, Atticus Wealth Management LLC bought a new stake in shares of Cameco during the second quarter valued at about $34,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Ratings Changes

CCJ has been the subject of several recent analyst reports. Wall Street Zen cut shares of Cameco from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. National Bankshares reissued an “outperform” rating on shares of Cameco in a report on Thursday, November 6th. The Goldman Sachs Group upped their price target on shares of Cameco from $95.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Scotiabank reissued an “outperform” rating on shares of Cameco in a research note on Wednesday, October 29th. Finally, Royal Bank Of Canada decreased their target price on Cameco from $160.00 to $150.00 and set an “outperform” rating on the stock in a research note on Thursday, November 13th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $121.68.

Cameco Price Performance

Shares of Cameco stock opened at $112.80 on Friday. The firm has a market capitalization of $49.12 billion, a PE ratio of 131.16 and a beta of 1.01. The company has a current ratio of 2.99, a quick ratio of 1.85 and a debt-to-equity ratio of 0.15. Cameco Corporation has a 12 month low of $35.00 and a 12 month high of $114.45. The business’s 50-day moving average price is $92.81 and its 200-day moving average price is $85.31.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results 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 firm had revenue of $313.74 million during the quarter, compared to analysts’ expectations of $531.72 million. During the same period in the prior year, the company earned ($0.01) EPS. The firm’s quarterly revenue was down 14.7% compared to the same quarter last year. Sell-side analysts forecast that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Cameco Increases Dividend

The firm also recently announced an annual dividend, which was paid on Tuesday, December 16th. Investors of record on Monday, December 1st were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a dividend yield of 27.0%. This is an increase from Cameco’s previous annual dividend of $0.12. Cameco’s payout ratio is 19.77%.

Cameco Profile

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.