Cameco Co. (NYSE:CCJ) Stock Holdings Lifted by Confluence Investment Management LLC

Confluence Investment Management LLC lifted its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 4.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,118 shares of the basic materials company’s stock after buying an additional 859 shares during the period. Confluence Investment Management LLC’s holdings in Cameco were worth $1,056,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. LRI Investments LLC bought a new stake in Cameco in the first quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. increased 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 acquiring an additional 238 shares during the period. JFS Wealth Advisors LLC lifted its position in Cameco by 130.6% in the 3rd quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 550 shares during the last quarter. Blue Trust Inc. boosted its stake in Cameco by 68.8% during the 3rd quarter. Blue Trust Inc. now owns 1,575 shares of the basic materials company’s stock valued at $77,000 after purchasing an additional 642 shares during the period. Finally, Crewe Advisors LLC bought a new position in Cameco in the 1st quarter worth about $87,000. Institutional investors own 70.21% of the company’s stock.

Cameco Price Performance

NYSE CCJ opened at $52.54 on Friday. The stock has a market capitalization of $22.86 billion, a P/E ratio of 122.19 and a beta of 0.89. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.48 and a current ratio of 3.22. The business’s fifty day moving average is $48.27 and its two-hundred day moving average is $48.18. Cameco Co. has a 1 year low of $35.43 and a 1 year high of $58.72.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly 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). Cameco had a net margin of 9.72% and a return on equity of 5.63%. The firm had revenue of $721.00 million for the quarter, compared to analyst estimates of $646.83 million. During the same quarter in the prior year, the firm earned $0.24 EPS. The firm’s revenue was up 25.4% compared to the same quarter last year. On average, research analysts forecast that Cameco Co. will post 0.83 earnings per share for the current fiscal year.

Cameco Increases Dividend

The business also recently declared an annual dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, November 27th will be given a $0.118 dividend. This represents a dividend 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 dividend payout ratio is 18.60%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CCJ shares. Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a report on Friday, October 4th. Glj Research reaffirmed a “buy” rating and issued a $63.73 price objective on shares of Cameco in a report on Wednesday, August 14th. Cantor Fitzgerald raised shares of Cameco from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 31st. Scotiabank decreased their price objective on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a 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 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. According to MarketBeat.com, Cameco has an average rating of “Buy” and an average target price of $66.56.

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.