Cameco Co. (NYSE:CCJ) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 700.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,218 shares of the basic materials company’s stock after purchasing an additional 40,442 shares during the period. Janney Montgomery Scott LLC’s holdings in Cameco were worth $2,207,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Portfolio Solutions Inc. purchased a new stake in Cameco in the first quarter valued at approximately $232,000. Susquehanna Fundamental Investments LLC purchased a new stake in Cameco in the 1st quarter valued at $295,000. US Bancorp DE boosted its stake in Cameco by 3.0% during the 1st quarter. US Bancorp DE now owns 26,933 shares of the basic materials company’s stock worth $1,167,000 after purchasing an additional 773 shares during the period. Avantax Advisory Services Inc. grew its position in Cameco by 15.2% during the 1st quarter. Avantax Advisory Services Inc. now owns 32,253 shares of the basic materials company’s stock worth $1,397,000 after purchasing an additional 4,249 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Cameco in the first quarter valued at $31,131,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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. National Bank Financial raised Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Cantor Fitzgerald raised Cameco from a “neutral” rating to an “overweight” rating in a report 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. Finally, Scotiabank cut their price objective on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $66.56.

Cameco Trading Up 4.5 %

Shares of CCJ stock opened at $54.42 on Wednesday. The business’s fifty day moving average price is $48.49 and its 200 day moving average price is $48.20. The firm has a market capitalization of $23.68 billion, a PE ratio of 275.84 and a beta of 0.89. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.22 and a quick ratio of 1.48. Cameco Co. has a 1-year low of $35.43 and a 1-year high of $58.72.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results 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 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 analyst estimates of $646.83 million. During the same period last year, the company earned $0.24 earnings per share. The business’s revenue for the quarter was up 25.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Cameco Co. will post 0.83 EPS for the current fiscal year.

Cameco Increases Dividend

The business also recently declared an annual dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.118 per share. This represents a dividend yield of 0.22%. This is an increase 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 (DPR) is presently 57.89%.

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.