Mutual Advisors LLC Grows Holdings in Cameco Corporation $CCJ

Mutual Advisors LLC grew its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 667.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 26,480 shares of the basic materials company’s stock after purchasing an additional 23,029 shares during the quarter. Mutual Advisors LLC’s holdings in Cameco were worth $2,285,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Cameco by 2.8% during the second quarter. Vanguard Group Inc. now owns 17,565,529 shares of the basic materials company’s stock worth $1,304,504,000 after acquiring an additional 481,171 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in Cameco by 41.4% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,076,815 shares of the basic materials company’s stock valued at $524,988,000 after acquiring an additional 2,071,373 shares during the last quarter. Norges Bank purchased a new position in shares of Cameco during the 2nd quarter worth $341,736,000. William Blair Investment Management LLC boosted its holdings in shares of Cameco by 15.1% during the second quarter. William Blair Investment Management LLC now owns 3,869,291 shares of the basic materials company’s stock worth $287,217,000 after purchasing an additional 506,667 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Cameco by 20.7% in the second quarter. Geode Capital Management LLC now owns 3,372,878 shares of the basic materials company’s stock valued at $250,797,000 after purchasing an additional 578,393 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CCJ shares. UBS Group began coverage on Cameco in a research report on Monday, November 10th. They set a “neutral” rating and a $140.00 target price on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cameco in a report on Monday, December 29th. Sanford C. Bernstein raised their target price on shares of Cameco from $100.00 to $101.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 7th. Scotiabank reaffirmed an “outperform” rating on shares of Cameco in a research report on Wednesday, October 29th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Cameco in a report on Wednesday, January 14th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Cameco currently has a consensus rating of “Buy” and a consensus target price of $121.68.

Cameco Stock Down 2.5%

CCJ opened at $120.26 on Tuesday. Cameco Corporation has a 1 year low of $35.00 and a 1 year high of $135.24. The firm has a 50 day moving average price of $101.51 and a 200 day moving average price of $89.63. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.85 and a current ratio of 2.99. The company has a market cap of $52.37 billion, a PE ratio of 139.84 and a beta of 0.99.

Cameco (NYSE:CCJ) (TSE:CCO) last released 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 business had revenue of $313.74 million for the quarter, compared to analysts’ expectations of $531.72 million. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. Cameco’s quarterly revenue was down 14.7% compared to the same quarter last year. Sell-side analysts expect that Cameco Corporation will post 1.27 earnings per share for the current year.

Cameco Increases Dividend

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

Cameco Company 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.