Cameco Corporation $CCJ Shares Bought by Allworth Financial LP

Allworth Financial LP grew its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 30.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,524 shares of the basic materials company’s stock after purchasing an additional 1,060 shares during the quarter. Allworth Financial LP’s holdings in Cameco were worth $336,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Fidelis Capital Partners LLC acquired a new stake in Cameco during the 2nd quarter worth approximately $260,000. Summit X LLC acquired a new stake in Cameco in the 2nd quarter valued at about $234,000. King Luther Capital Management Corp boosted its stake in shares of Cameco by 0.4% in the 2nd quarter. King Luther Capital Management Corp now owns 994,027 shares of the basic materials company’s stock valued at $73,787,000 after buying an additional 3,478 shares during the period. DJE Kapital AG grew its position in shares of Cameco by 186.9% during the second quarter. DJE Kapital AG now owns 87,040 shares of the basic materials company’s stock worth $6,361,000 after buying an additional 56,700 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of Cameco by 1,428.6% during the second quarter. Acadian Asset Management LLC now owns 978,300 shares of the basic materials company’s stock worth $72,505,000 after buying an additional 914,300 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CCJ shares. TD Securities reaffirmed a “buy” rating on shares of Cameco in a report on Tuesday, August 5th. Wall Street Zen downgraded shares of Cameco from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. UBS Group began coverage on shares of Cameco in a research note on Monday, November 10th. They set a “neutral” rating and a $140.00 target price for the company. CLSA started coverage on Cameco in a report on Tuesday, September 9th. They set an “outperform” rating and a $102.00 price target for the company. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cameco in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $113.75.

Cameco Price Performance

Shares of NYSE CCJ opened at $84.69 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.96 and a quick ratio of 2.00. The firm has a market capitalization of $36.87 billion, a PE ratio of 97.34 and a beta of 0.98. Cameco Corporation has a 1-year low of $35.00 and a 1-year high of $110.15. The business’s fifty day moving average price is $88.09 and its two-hundred day moving average price is $75.23.

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

Cameco Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.24 per share. This represents a yield of 25.0%. The ex-dividend date of this dividend is Monday, December 1st. This is an increase from Cameco’s previous annual dividend of $0.12. Cameco’s dividend payout ratio (DPR) is presently 19.77%.

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.