Country Club Bank Cuts Stock Position in Cameco Corporation $CCJ

Country Club Bank decreased its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 37.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,370 shares of the basic materials company’s stock after selling 16,161 shares during the quarter. Country Club Bank’s holdings in Cameco were worth $2,312,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. SVB Wealth LLC bought a new position in shares of Cameco during the first quarter valued at $29,000. Trust Co. of Vermont grew its position in Cameco by 1,029.4% during the 2nd quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 350 shares during the last quarter. Hilltop National Bank bought a new stake in Cameco during the 2nd quarter valued at about $30,000. Atticus Wealth Management LLC purchased a new position in Cameco in the second quarter worth about $34,000. Finally, VSM Wealth Advisory LLC bought a new position in shares of Cameco in the second quarter worth approximately $35,000. 70.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CCJ has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Cameco in a research report on Monday, December 8th. Wall Street Zen downgraded Cameco from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. CLSA started coverage on Cameco in a research note on Tuesday, September 9th. They issued an “outperform” rating and a $102.00 price target for the company. Raymond James Financial upped their price target on Cameco to $150.00 in a report on Wednesday, October 29th. Finally, President Capital upgraded Cameco from a “neutral” rating to a “buy” rating in a report on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $117.25.

Cameco Price Performance

NYSE CCJ opened at $87.58 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.99 and a quick ratio of 1.85. Cameco Corporation has a 1-year low of $35.00 and a 1-year high of $110.15. The stock has a market capitalization of $38.13 billion, a price-to-earnings ratio of 101.84 and a beta of 1.07. The business’s fifty day moving average price is $90.37 and its 200-day moving average price is $80.82.

Cameco (NYSE:CCJ) (TSE:CCO) last posted 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 for the quarter, compared to analysts’ expectations of $531.72 million. Cameco had a net margin of 15.24% and a return on equity of 8.58%. The firm’s revenue was down 14.7% compared to the same quarter last year. During the same quarter last year, the company posted ($0.01) EPS. On average, equities analysts predict that Cameco Corporation will post 1.27 earnings per share for the current year.

Cameco Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st were paid a $0.24 dividend. This is a boost from Cameco’s previous annual dividend of $0.12. The ex-dividend date was Monday, December 1st. This represents a dividend yield of 27.0%. Cameco’s dividend payout ratio (DPR) is currently 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.