Cameco Co. (NYSE:CCJ) Shares Acquired by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 13.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,113,301 shares of the basic materials company’s stock after purchasing an additional 131,726 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.26% of Cameco worth $53,171,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CCJ. Massachusetts Financial Services Co. MA acquired a new stake in shares of Cameco during the second quarter valued at about $73,125,000. CIBC Asset Management Inc boosted its position in shares of Cameco by 58.0% during the 3rd quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock worth $181,382,000 after purchasing an additional 1,386,639 shares during the period. M&G PLC acquired a new stake in Cameco in the 3rd quarter valued at approximately $66,227,000. King Luther Capital Management Corp purchased a new stake in Cameco in the second quarter valued at approximately $32,740,000. Finally, Van ECK Associates Corp lifted its stake in Cameco by 48.1% during the third quarter. Van ECK Associates Corp now owns 1,584,822 shares of the basic materials company’s stock worth $75,691,000 after purchasing an additional 515,046 shares in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Scotiabank dropped their price objective on Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. 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 price objective on shares of Cameco in a research note on Wednesday, August 14th. Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a research note on Friday, October 4th. Finally, National Bank Financial raised shares of Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. One equities research 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $66.56.

Cameco Stock Up 5.5 %

CCJ stock opened at $60.77 on Friday. Cameco Co. has a fifty-two week low of $35.43 and a fifty-two week high of $60.98. The company’s 50 day moving average price is $50.86 and its 200 day moving average price is $48.54. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The firm has a market capitalization of $26.44 billion, a price-to-earnings ratio of 319.83 and a beta of 0.89.

Cameco (NYSE:CCJ) (TSE:CCO) last announced 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 net margin of 4.15% and a return on equity of 3.33%. Cameco’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 earnings per share. On average, equities research analysts anticipate that Cameco Co. will post 0.7 EPS for the current fiscal year.

Cameco Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be paid a dividend of $0.118 per share. This is a boost from Cameco’s previous annual dividend of $0.09. The ex-dividend date is Wednesday, November 27th. This represents a yield of 0.22%. Cameco’s payout ratio is presently 47.37%.

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.