Dakota Wealth Management Grows Stock Position in Cameco Co. (NYSE:CCJ)

Dakota Wealth Management increased its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,725 shares of the basic materials company’s stock after buying an additional 437 shares during the quarter. Dakota Wealth Management’s holdings in Cameco were worth $1,733,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CCJ. Glenmede Trust Co. NA raised its holdings in shares of Cameco by 2.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company’s stock worth $437,000 after purchasing an additional 191 shares during the period. S.A. Mason LLC raised its holdings in shares of 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 during the period. Silvia Mccoll Wealth Management LLC raised its holdings in shares of 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 worth $268,000 after purchasing an additional 210 shares during the period. EdgeRock Capital LLC raised its holdings in shares of Cameco by 1.7% in 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 during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Cameco by 71.5% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 238 shares during the period. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $66.56.

Cameco Price Performance

Shares of NYSE CCJ opened at $56.83 on Friday. Cameco Co. has a fifty-two week low of $35.43 and a fifty-two week high of $62.55. The business has a 50 day moving average price of $54.57 and a two-hundred day moving average price of $49.32. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The firm has a market cap of $24.74 billion, a PE ratio of 299.13 and a beta of 0.95.

Cameco (NYSE:CCJ) (TSE:CCO) last issued 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). Cameco had a net margin of 4.15% and a return on equity of 3.33%. The business had revenue of $721.00 million for the quarter, compared to analyst estimates of $646.83 million. During the same quarter last year, the business earned $0.24 EPS. Cameco’s revenue for the quarter was up 25.4% compared to the same quarter last year. Sell-side analysts expect that Cameco Co. will post 0.47 earnings per share for the current fiscal year.

Cameco Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were given a $0.118 dividend. This is a positive change from Cameco’s previous annual dividend of $0.09. The ex-dividend date was Wednesday, November 27th. This represents a dividend yield of 0.22%. Cameco’s dividend payout ratio (DPR) is presently 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.