5,467 Shares in Cameco Corporation $CCJ Bought by AE Wealth Management LLC

AE Wealth Management LLC bought a new position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,467 shares of the basic materials company’s stock, valued at approximately $406,000.

A number of other institutional investors have also made changes to their positions in the business. Hager Investment Management Services LLC grew its holdings in shares of Cameco by 0.4% during the 2nd quarter. Hager Investment Management Services LLC now owns 30,628 shares of the basic materials company’s stock worth $2,274,000 after purchasing an additional 127 shares in the last quarter. Signaturefd LLC lifted its position in shares of Cameco by 2.4% during the second quarter. Signaturefd LLC now owns 8,119 shares of the basic materials company’s stock worth $603,000 after purchasing an additional 191 shares in the last quarter. Belpointe Asset Management LLC raised its holdings in Cameco by 1.0% during the 2nd quarter. Belpointe Asset Management LLC now owns 21,858 shares of the basic materials company’s stock worth $1,623,000 after purchasing an additional 206 shares during the last quarter. Blume Capital Management Inc. grew its stake in shares of Cameco by 2.2% during the second quarter. Blume Capital Management Inc. now owns 13,361 shares of the basic materials company’s stock worth $992,000 after purchasing an additional 284 shares during the period. Finally, Sunpointe LLC boosted its stake in Cameco by 1.8% during the 1st quarter. Sunpointe LLC now owns 16,281 shares of the basic materials company’s stock worth $670,000 after acquiring an additional 288 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors.

Cameco Price Performance

CCJ opened at $84.69 on Friday. The firm has a 50-day moving average price of $88.09 and a 200-day moving average price of $75.02. The company has a market capitalization of $36.87 billion, a price-to-earnings ratio of 97.34 and a beta of 0.98. The company has a quick ratio of 2.00, a current ratio of 2.96 and a debt-to-equity ratio of 0.15. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $110.15.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Wednesday, November 5th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.17). The firm had revenue of $313.74 million during the quarter, compared to analysts’ expectations of $531.72 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The business’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.01) earnings per share. Cameco has set its FY 2025 guidance at EPS. Equities analysts expect that Cameco Corporation will post 1.27 EPS for the current year.

Cameco Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st will be paid a dividend of $0.24 per share. This represents a dividend yield of 25.0%. This is a boost from Cameco’s previous annual dividend of $0.12. The ex-dividend date of this dividend is Monday, December 1st. Cameco’s payout ratio is currently 19.77%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CCJ. Royal Bank Of Canada dropped their target price on Cameco from $160.00 to $150.00 and set an “outperform” rating on the stock in a research report on Thursday. BMO Capital Markets reaffirmed an “outperform” rating on shares of Cameco in a research report on Friday, August 29th. Weiss Ratings restated a “hold (c+)” rating on shares of Cameco in a research report on Wednesday, October 8th. President Capital raised shares of Cameco from a “neutral” rating to a “buy” rating in a research note on Monday, September 22nd. Finally, Wall Street Zen lowered Cameco from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $113.75.

Cameco 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.