Caldwell Investment Management Ltd. Makes New Investment in Cameco Corporation $CCJ

Caldwell Investment Management Ltd. acquired a new stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 31,500 shares of the basic materials company’s stock, valued at approximately $2,661,000. Cameco makes up 1.7% of Caldwell Investment Management Ltd.’s investment portfolio, making the stock its 11th biggest position.

Several other institutional investors have also modified their holdings of the company. GWN Securities Inc. purchased a new position in Cameco in the third quarter valued at $340,000. GRIMES & Co WEALTH MANAGEMENT LLC acquired a new position in shares of Cameco during the 3rd quarter worth about $742,000. PKO Investment Management Joint Stock Co increased its holdings in shares of Cameco by 23.3% in the 3rd quarter. PKO Investment Management Joint Stock Co now owns 14,300 shares of the basic materials company’s stock valued at $1,201,000 after acquiring an additional 2,700 shares during the last quarter. Kiker Wealth Management LLC increased its holdings in shares of Cameco by 1,605.7% in the 3rd quarter. Kiker Wealth Management LLC now owns 2,985 shares of the basic materials company’s stock valued at $250,000 after acquiring an additional 2,810 shares during the last quarter. Finally, MGO One Seven LLC purchased a new stake in Cameco during the third quarter worth approximately $328,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Stock Down 1.1%

CCJ stock opened at $108.64 on Wednesday. The company has a market cap of $47.30 billion, a price-to-earnings ratio of 126.32 and a beta of 1.01. The company has a fifty day moving average price of $92.05 and a 200 day moving average price of $84.94. 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 12 month low of $35.00 and a 12 month high of $114.45.

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

Cameco Increases Dividend

The business also recently declared an annual dividend, which was paid on Tuesday, December 16th. Investors of record on Monday, December 1st were given 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 yield of 27.0%. Cameco’s payout ratio is presently 19.77%.

Wall Street Analysts Forecast Growth

CCJ has been the topic of several recent analyst reports. The Goldman Sachs Group increased their price target on shares of Cameco from $95.00 to $109.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. President Capital upgraded shares of Cameco from a “neutral” rating to a “buy” rating in a report on Monday, September 22nd. Wall Street Zen lowered shares of Cameco from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Sanford C. Bernstein boosted their price target on shares of Cameco from $100.00 to $101.00 and gave the company an “outperform” rating in a research report on Wednesday, January 7th. Finally, National Bankshares restated an “outperform” rating on shares of Cameco in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $121.68.

Cameco Company 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.