Chicago Capital LLC Has $8.53 Million Stock Holdings in Cameco Corporation $CCJ

Chicago Capital LLC increased its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 147.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 101,688 shares of the basic materials company’s stock after purchasing an additional 60,637 shares during the quarter. Chicago Capital LLC’s holdings in Cameco were worth $8,528,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Financial Consulate Inc. bought a new stake in Cameco in the third quarter valued at approximately $25,000. Trust Co. of Vermont raised its stake in Cameco by 1,029.4% in the 2nd quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 350 shares during the period. Armstrong Advisory Group Inc. raised its stake in Cameco by 110.3% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 347 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 182 shares during the period. Hilltop National Bank acquired a new stake in Cameco during the 2nd quarter valued at $30,000. Finally, Atticus Wealth Management LLC bought a new position in Cameco during the second quarter worth $34,000. Institutional investors own 70.21% of the company’s stock.

Wall Street Analysts Forecast Growth

CCJ has been the topic of several research analyst reports. President Capital raised shares of Cameco from a “neutral” rating to a “buy” rating in a research report on Monday, September 22nd. Scotiabank reissued an “outperform” rating on shares of Cameco in a report on Wednesday, October 29th. UBS Group started coverage on Cameco in a report on Monday, November 10th. They set a “neutral” rating and a $140.00 price objective for the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cameco in a research note on Monday, December 29th. Finally, Wall Street Zen cut Cameco from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Cameco has a consensus rating of “Moderate Buy” and an average target price of $117.25.

Cameco Trading Up 1.6%

Shares of NYSE:CCJ opened at $100.16 on Tuesday. The business’s 50 day simple moving average is $91.66 and its 200 day simple moving average is $83.47. Cameco Corporation has a 1 year low of $35.00 and a 1 year high of $110.15. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.99 and a quick ratio of 1.85. The company has a market capitalization of $43.61 billion, a P/E ratio of 116.46 and a beta of 1.01.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Wednesday, November 5th. The basic materials company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.17). Cameco had a net margin of 15.24% and a return on equity of 8.58%. The company had revenue of $313.74 million for the quarter, compared to the consensus estimate of $531.72 million. During the same quarter in the previous year, the company posted ($0.01) earnings per share. The business’s revenue was down 14.7% compared to the same quarter last year. On average, research analysts anticipate that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Cameco Increases Dividend

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

About Cameco

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.