GRIMES & Co WEALTH MANAGEMENT LLC Purchases Shares of 8,845 Cameco Corporation $CCJ

GRIMES & Co WEALTH MANAGEMENT LLC purchased a new position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 8,845 shares of the basic materials company’s stock, valued at approximately $742,000.

Other large investors also recently modified their holdings of the company. Financial Consulate Inc. acquired a new stake in shares of Cameco in the third quarter valued at about $25,000. Armstrong Advisory Group Inc. boosted its position in Cameco by 110.3% during the third quarter. Armstrong Advisory Group Inc. now owns 347 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 182 shares during the last quarter. Trust Co. of Vermont grew its stake in Cameco by 1,029.4% in the second 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 in the last quarter. Hilltop National Bank acquired a new position in shares of Cameco during the 2nd quarter worth approximately $30,000. Finally, Atticus Wealth Management LLC bought a new stake in shares of Cameco during the 2nd quarter worth approximately $34,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Down 1.1%

Cameco stock opened at $108.64 on Wednesday. The company’s 50-day moving average price is $92.05 and its two-hundred day moving average price is $84.94. The company has a quick ratio of 1.85, a current ratio of 2.99 and a debt-to-equity ratio of 0.15. The stock has a market cap of $47.30 billion, a P/E ratio of 126.32 and a beta of 1.01. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $114.45.

Cameco (NYSE:CCJ) (TSE:CCO) last posted 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 firm had revenue of $313.74 million during the quarter, compared to analyst estimates of $531.72 million. Cameco had a net margin of 15.24% and a return on equity of 8.58%. Cameco’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.01) EPS. As a group, analysts expect that Cameco Corporation will post 1.27 EPS for the current year.

Cameco Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Tuesday, December 16th. Shareholders of record on Monday, December 1st were given a dividend of $0.24 per share. This represents a yield of 27.0%. The ex-dividend date was Monday, December 1st. This is a positive change from Cameco’s previous annual dividend of $0.12. Cameco’s dividend payout ratio (DPR) is 19.77%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. National Bankshares restated an “outperform” rating on shares of Cameco in a report on Thursday, November 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Cameco in a research report on Monday, December 29th. Glj Research reaffirmed a “buy” rating and issued a $99.74 target price on shares of Cameco in a report on Wednesday, December 3rd. President Capital upgraded shares of Cameco from a “neutral” rating to a “buy” rating in a research note on Monday, September 22nd. Finally, The Goldman Sachs Group boosted their price target on Cameco from $95.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. One 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.68.

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.