Cameco Co. (NYSE:CCJ) Shares Acquired by Cumberland Partners Ltd

Cumberland Partners Ltd raised its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 274,843 shares of the basic materials company’s stock after purchasing an additional 4,140 shares during the quarter. Cumberland Partners Ltd owned about 0.06% of Cameco worth $13,144,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of CCJ. S.A. Mason LLC boosted its holdings in Cameco by 6.0% in the 3rd quarter. S.A. Mason LLC now owns 3,655 shares of the basic materials company’s stock worth $175,000 after acquiring an additional 206 shares during the period. Silvia Mccoll Wealth Management LLC boosted its position in Cameco by 3.9% in the 3rd quarter. Silvia Mccoll Wealth Management LLC now owns 5,610 shares of the basic materials company’s stock valued at $268,000 after buying an additional 210 shares during the last quarter. EdgeRock Capital LLC grew its stake in shares of Cameco by 1.7% during the third quarter. EdgeRock Capital LLC now owns 13,689 shares of the basic materials company’s stock valued at $654,000 after acquiring an additional 224 shares in the last quarter. LRI Investments LLC increased its position in shares of Cameco by 39.0% during the second quarter. LRI Investments LLC now owns 834 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 234 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Cameco by 71.5% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 238 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Performance

CCJ traded up $0.86 during trading on Tuesday, reaching $52.94. 713,963 shares of the company were exchanged, compared to its average volume of 4,389,875. The company has a current ratio of 3.22, a quick ratio of 1.48 and a debt-to-equity ratio of 0.23. The stock has a market cap of $23.04 billion, a P/E ratio of 274.21 and a beta of 0.89. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $58.72. The firm has a 50 day moving average of $48.49 and a 200 day moving average of $48.20.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data 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). The firm had revenue of $721.00 million during the quarter, compared to analyst estimates of $646.83 million. Cameco had a return on equity of 3.33% and a net margin of 4.15%. The firm’s revenue was up 25.4% on a year-over-year basis. During the same period last year, the business earned $0.24 EPS. On average, sell-side analysts forecast that Cameco Co. will post 0.83 EPS for the current fiscal year.

Cameco Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.118 per share. The ex-dividend date is Wednesday, November 27th. This is an increase from Cameco’s previous annual dividend of $0.09. This represents a dividend yield of 0.22%. Cameco’s payout ratio is currently 57.89%.

Analyst Ratings Changes

A number of brokerages have weighed in on CCJ. Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a research note on Friday, October 4th. Cantor Fitzgerald upgraded shares of Cameco from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 31st. Glj Research reissued a “buy” rating and issued a $63.73 target price on shares of Cameco in a research report on Wednesday, August 14th. National Bank Financial upgraded shares of Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. Finally, Scotiabank reduced their target price on Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. One research analyst has rated the stock with a sell rating, five have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $66.56.

Cameco Company Profile

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.