Cameco Corporation $CCJ Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC cut its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 27.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 94,817 shares of the basic materials company’s stock after selling 35,530 shares during the period. Commonwealth Equity Services LLC’s holdings in Cameco were worth $7,951,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CCJ. Global Retirement Partners LLC lifted its stake in shares of Cameco by 11.7% in the 3rd quarter. Global Retirement Partners LLC now owns 4,857 shares of the basic materials company’s stock valued at $407,000 after purchasing an additional 508 shares in the last quarter. Signaturefd LLC raised its holdings in Cameco by 3.8% in the third quarter. Signaturefd LLC now owns 8,430 shares of the basic materials company’s stock valued at $707,000 after buying an additional 311 shares during the period. SteelPeak Wealth LLC acquired a new position in Cameco during the third quarter valued at approximately $2,235,000. Tectonic Advisors LLC purchased a new stake in Cameco during the third quarter worth approximately $946,000. Finally, Generali Asset Management SPA SGR grew its stake in Cameco by 12.0% during the third quarter. Generali Asset Management SPA SGR now owns 3,877 shares of the basic materials company’s stock worth $325,000 after buying an additional 416 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Price Performance

Shares of NYSE CCJ opened at $108.64 on Wednesday. The company has a quick ratio of 1.85, a current ratio of 2.99 and a debt-to-equity ratio of 0.15. Cameco Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $114.45. The business has a 50 day moving average price of $92.05 and a two-hundred day moving average price of $84.94. The firm has a market cap of $47.30 billion, a PE ratio of 126.32 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 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.17). The business 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 business’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same quarter last year, the company posted ($0.01) earnings per share. Sell-side analysts expect that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Cameco Increases Dividend

The business also recently announced 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%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CCJ. Glj Research restated a “buy” rating and set a $99.74 target price on shares of Cameco in a report on Wednesday, December 3rd. Royal Bank Of Canada reduced 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. President Capital upgraded Cameco from a “neutral” rating to a “buy” rating in a research note on Monday, September 22nd. National Bankshares reissued an “outperform” rating on shares of Cameco in a research report on Thursday, November 6th. Finally, UBS Group began coverage on shares of Cameco in a research report on Monday, November 10th. They issued a “neutral” rating and a $140.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently 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.