Joule Financial LLC Sells 11,844 Shares of Cameco Corporation $CCJ

Joule Financial LLC reduced its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 51.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,221 shares of the basic materials company’s stock after selling 11,844 shares during the quarter. Joule Financial LLC’s holdings in Cameco were worth $941,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. AE Wealth Management LLC increased its position in shares of Cameco by 61.0% during the third quarter. AE Wealth Management LLC now owns 8,804 shares of the basic materials company’s stock valued at $738,000 after buying an additional 3,337 shares during the period. Kapitalo Investimentos Ltda boosted its position in Cameco by 2.6% during the 3rd quarter. Kapitalo Investimentos Ltda now owns 88,801 shares of the basic materials company’s stock valued at $7,447,000 after acquiring an additional 2,248 shares in the last quarter. Activest Wealth Management purchased a new position in shares of Cameco during the 3rd quarter worth approximately $91,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Cameco by 79.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 249,992 shares of the basic materials company’s stock worth $20,964,000 after acquiring an additional 110,629 shares in the last quarter. Finally, Truist Financial Corp lifted its stake in shares of Cameco by 5.7% in the 3rd quarter. Truist Financial Corp now owns 31,060 shares of the basic materials company’s stock valued at $2,605,000 after purchasing an additional 1,681 shares during the period. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Price Performance

Shares of NYSE:CCJ opened at $133.95 on Thursday. The business has a fifty day moving average price of $98.86 and a 200-day moving average price of $88.50. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.99 and a quick ratio of 1.85. The company has a market capitalization of $58.33 billion, a PE ratio of 155.75 and a beta of 1.01. Cameco Corporation has a 1-year low of $35.00 and a 1-year high of $134.13.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.17). The firm had revenue of $313.74 million for the quarter, compared to analysts’ expectations of $531.72 million. Cameco had a net margin of 15.24% and a return on equity of 8.58%. The business’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same period last year, the company posted ($0.01) earnings per share. As a group, equities analysts expect that Cameco Corporation will post 1.27 EPS for the current fiscal 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 dividend of $0.24 per share. This represents a dividend yield of 27.0%. This is an increase from Cameco’s previous annual dividend of $0.12. The ex-dividend date of this dividend was Monday, December 1st. Cameco’s payout ratio is 19.77%.

Analyst Ratings Changes

CCJ has been the topic of several recent research reports. Sanford C. Bernstein upped their price target on Cameco from $100.00 to $101.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 7th. Zacks Research upgraded shares of Cameco from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 14th. National Bankshares reiterated an “outperform” rating on shares of Cameco in a research note on Thursday, November 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Cameco in a research report on Monday, December 29th. Finally, UBS Group began coverage on shares of Cameco in a research note on Monday, November 10th. They set a “neutral” rating and a $140.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $121.68.

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.