CWA Asset Management Group LLC Has $18.56 Million Position in Cameco Corporation $CCJ

CWA Asset Management Group LLC lessened its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 9.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 221,284 shares of the basic materials company’s stock after selling 21,837 shares during the period. Cameco accounts for about 0.7% of CWA Asset Management Group LLC’s portfolio, making the stock its 28th biggest position. CWA Asset Management Group LLC owned about 0.05% of Cameco worth $18,557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TD Asset Management Inc grew its position in Cameco by 3.7% in the 2nd quarter. TD Asset Management Inc now owns 2,133,725 shares of the basic materials company’s stock valued at $158,141,000 after purchasing an additional 77,081 shares during the period. Nwam LLC grew its holdings in shares of Cameco by 11.7% during the second quarter. Nwam LLC now owns 81,129 shares of the basic materials company’s stock valued at $6,304,000 after buying an additional 8,519 shares during the last quarter. Total Clarity Wealth Management Inc. acquired a new position in shares of Cameco during the second quarter valued at about $281,000. Kercheville Advisors LLC increased its position in shares of Cameco by 128.2% during the second quarter. Kercheville Advisors LLC now owns 38,137 shares of the basic materials company’s stock worth $2,831,000 after acquiring an additional 21,428 shares in the last quarter. Finally, 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 acquiring an additional 105,523 shares during the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on CCJ shares. Raymond James Financial lifted their price target on Cameco to $150.00 in a research note on Wednesday, October 29th. National Bankshares restated an “outperform” rating on shares of Cameco in a report on Thursday, November 6th. The Goldman Sachs Group upped their price target on Cameco from $95.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. President Capital raised Cameco from a “neutral” rating to a “buy” rating in a research report on Monday, September 22nd. Finally, Royal Bank Of Canada dropped their price objective on Cameco from $160.00 to $150.00 and set an “outperform” rating on the stock in a research note on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $117.25.

Cameco Stock Performance

Shares of CCJ opened at $98.54 on Monday. The company has a current ratio of 2.99, a quick ratio of 1.85 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $42.91 billion, a price-to-earnings ratio of 114.59 and a beta of 1.01. The stock has a 50 day moving average of $91.39 and a 200 day moving average of $83.26. Cameco Corporation has a 12 month low of $35.00 and a 12 month high of $110.15.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.17). The business had revenue of $313.74 million during the quarter, compared to analysts’ expectations of $531.72 million. Cameco had a return on equity of 8.58% and a net margin of 15.24%.The firm’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.01) EPS. As a group, sell-side analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current year.

Cameco Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Tuesday, December 16th. Investors of record on Monday, December 1st were issued a dividend of $0.24 per share. This represents a yield of 27.0%. This is a boost from Cameco’s previous annual dividend of $0.12. The ex-dividend date was Monday, December 1st. Cameco’s dividend payout ratio is 19.77%.

Cameco Profile

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.