Flow Traders U.S. LLC Takes Position in Cameco Co. (NYSE:CCJ)

Flow Traders U.S. LLC purchased a new position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 7,055 shares of the basic materials company’s stock, valued at approximately $337,000.

A number of other institutional investors have also recently bought and sold shares of the business. Glenmede Trust Co. NA lifted its holdings in shares of Cameco by 2.1% during the third quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company’s stock worth $437,000 after buying an additional 191 shares in the last quarter. S.A. Mason LLC raised its stake 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 purchasing an additional 206 shares in the last quarter. Silvia Mccoll Wealth Management LLC boosted its holdings 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 purchasing an additional 210 shares during the period. EdgeRock Capital LLC grew its position in shares of Cameco by 1.7% during the 3rd quarter. EdgeRock Capital LLC now owns 13,689 shares of the basic materials company’s stock worth $654,000 after purchasing an additional 224 shares in the last quarter. Finally, LRI Investments LLC grew its stake in 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 buying an additional 234 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on CCJ. Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a research report on Friday, October 4th. Glj Research reaffirmed a “buy” rating and set a $63.73 price target on shares of Cameco in a research report on Wednesday, August 14th. Scotiabank lowered their price objective on Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Finally, National Bank Financial raised Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Cameco presently has a consensus rating of “Buy” and a consensus target price of $66.56.

Cameco Stock Up 2.5 %

CCJ stock opened at $61.13 on Friday. Cameco Co. has a 1-year low of $35.43 and a 1-year high of $61.42. The stock has a market cap of $26.60 billion, a P/E ratio of 321.73 and a beta of 0.91. The stock’s fifty day simple moving average is $54.37 and its two-hundred day simple moving average is $49.20. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share (EPS) 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 analysts’ expectations of $646.83 million. Cameco had a return on equity of 3.33% and a net margin of 4.15%. The business’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.24 earnings per share. Analysts expect that Cameco Co. will post 0.51 EPS for the current year.

Cameco Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be paid a $0.118 dividend. This represents a yield of 0.22%. This is a positive change from Cameco’s previous annual dividend of $0.09. The ex-dividend date of this dividend is Wednesday, November 27th. Cameco’s payout ratio is currently 63.16%.

About Cameco

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.