Nwam LLC Acquires New Holdings in Cameco Co. (NYSE:CCJ)

Nwam LLC acquired a new stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 64,130 shares of the basic materials company’s stock, valued at approximately $3,063,000.

Other institutional investors also recently bought and sold shares of the company. Moody Lynn & Lieberson LLC purchased a new position in Cameco during the third quarter valued at approximately $1,680,000. Tidal Investments LLC boosted its stake in Cameco by 15.5% in the first quarter. Tidal Investments LLC now owns 20,036 shares of the basic materials company’s stock valued at $868,000 after acquiring an additional 2,683 shares in the last quarter. Country Club Bank acquired a new stake in Cameco in the third quarter valued at approximately $2,093,000. Swiss National Bank boosted its stake in Cameco by 0.9% in the third quarter. Swiss National Bank now owns 1,314,400 shares of the basic materials company’s stock valued at $62,892,000 after acquiring an additional 11,600 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in Cameco by 48.1% in the third quarter. Van ECK Associates Corp now owns 1,584,822 shares of the basic materials company’s stock valued at $75,691,000 after acquiring an additional 515,046 shares in the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Stock Down 1.3 %

CCJ stock opened at $60.13 on Friday. The stock has a market capitalization of $26.17 billion, a P/E ratio of 319.83 and a beta of 0.89. The firm has a 50-day simple moving average of $51.26 and a 200-day simple moving average of $48.62. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $60.98.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Thursday, November 7th. The basic materials company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). Cameco had a return on equity of 3.33% and a net margin of 4.15%. The company had revenue of $721.00 million for the quarter, compared to analysts’ expectations of $646.83 million. During the same period in the prior year, the firm earned $0.24 EPS. The firm’s revenue for the quarter was up 25.4% on a year-over-year basis. Equities analysts forecast that Cameco Co. will post 0.7 earnings per share for the current fiscal 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 dividend of $0.118 per share. This represents a yield of 0.22%. The ex-dividend date is Wednesday, November 27th. This is a boost from Cameco’s previous annual dividend of $0.09. Cameco’s dividend payout ratio is currently 47.37%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a research note on Friday, October 4th. Glj Research restated a “buy” rating and issued a $63.73 target price on shares of Cameco in a research note on Wednesday, August 14th. Scotiabank lowered their price objective on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. National Bank Financial upgraded shares of Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. Finally, Cantor Fitzgerald upgraded shares of Cameco from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price 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.