American Century Companies Inc. Has $34.27 Million Position in Cameco Corporation $CCJ

American Century Companies Inc. raised its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 1.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 461,686 shares of the basic materials company’s stock after buying an additional 7,387 shares during the quarter. American Century Companies Inc. owned 0.11% of Cameco worth $34,273,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Franklin Resources Inc. increased its stake in Cameco by 1.8% in the second quarter. Franklin Resources Inc. now owns 171,163 shares of the basic materials company’s stock valued at $12,716,000 after acquiring an additional 3,095 shares during the period. Mediolanum International Funds Ltd boosted its holdings in Cameco by 55.0% during the second quarter. Mediolanum International Funds Ltd now owns 12,906 shares of the basic materials company’s stock valued at $949,000 after purchasing an additional 4,580 shares in the last quarter. MAI Capital Management grew its stake in shares of Cameco by 24.0% in the 2nd quarter. MAI Capital Management now owns 3,104 shares of the basic materials company’s stock valued at $230,000 after purchasing an additional 600 shares during the period. Hillsdale Investment Management Inc. raised its holdings in shares of Cameco by 165.1% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 169,448 shares of the basic materials company’s stock worth $12,593,000 after buying an additional 105,523 shares in the last quarter. Finally, Swiss National Bank raised its holdings in shares of Cameco by 6.8% in the 2nd quarter. Swiss National Bank now owns 1,322,800 shares of the basic materials company’s stock worth $97,860,000 after buying an additional 84,300 shares in the last quarter. 70.21% of the stock is owned by institutional investors.

Cameco Stock Performance

Shares of Cameco stock opened at $88.74 on Friday. The firm has a 50 day simple moving average of $88.92 and a 200 day simple moving average of $77.58. Cameco Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $110.15. 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 cap of $38.64 billion, a P/E ratio of 102.00 and a beta of 0.98.

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

Cameco Increases Dividend

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

Analyst Ratings Changes

A number of analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cameco in a research report on Tuesday. Scotiabank restated an “outperform” rating on shares of Cameco in a research note on Wednesday, October 29th. TD Securities reaffirmed a “buy” rating on shares of Cameco in a report on Tuesday, August 5th. National Bankshares reissued an “outperform” rating on shares of Cameco in a report on Thursday, November 6th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Cameco in a research note on Friday, August 29th. One 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.75.

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.