Campbell & CO Investment Adviser LLC Takes $522,000 Position in Cameco Corporation $CCJ

Campbell & CO Investment Adviser LLC purchased a new stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 6,227 shares of the basic materials company’s stock, valued at approximately $522,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Hager Investment Management Services LLC increased its stake in Cameco by 0.4% during the second quarter. Hager Investment Management Services LLC now owns 30,628 shares of the basic materials company’s stock worth $2,274,000 after acquiring an additional 127 shares during the last quarter. Lee Johnson Capital Management LLC grew its holdings in shares of Cameco by 1.2% during the 3rd quarter. Lee Johnson Capital Management LLC now owns 10,770 shares of the basic materials company’s stock worth $903,000 after purchasing an additional 127 shares during the period. Wealth Alliance LLC increased its position in shares of Cameco by 1.6% during the 2nd quarter. Wealth Alliance LLC now owns 10,036 shares of the basic materials company’s stock worth $745,000 after purchasing an additional 154 shares during the last quarter. Versant Capital Management Inc raised its holdings in Cameco by 11.2% in the 3rd quarter. Versant Capital Management Inc now owns 1,590 shares of the basic materials company’s stock valued at $133,000 after buying an additional 160 shares during the period. Finally, Colonial Trust Advisors raised its holdings in Cameco by 0.3% in the 2nd quarter. Colonial Trust Advisors now owns 59,753 shares of the basic materials company’s stock valued at $4,435,000 after buying an additional 172 shares during the period. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Up 5.6%

Cameco stock opened at $122.31 on Thursday. The firm has a market capitalization of $53.26 billion, a P/E ratio of 142.22 and a beta of 1.01. The company has a current ratio of 2.99, a quick ratio of 1.85 and a debt-to-equity ratio of 0.15. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $122.42. The stock’s fifty day simple moving average is $94.80 and its 200-day simple moving average is $86.66.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Wednesday, November 5th. The basic materials company reported $0.05 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $531.72 million. During the same quarter last 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. As a group, equities analysts expect that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Cameco Increases Dividend

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

Analysts Set New Price Targets

CCJ has been the subject of several research analyst reports. Royal Bank Of Canada lowered their target price on shares of Cameco from $160.00 to $150.00 and set an “outperform” rating for the company in a research note on Thursday, November 13th. Raymond James Financial restated an “outperform” rating on shares of Cameco in a report on Wednesday, January 14th. Scotiabank reiterated an “outperform” rating on shares of Cameco in a report on Wednesday, October 29th. UBS Group began coverage on Cameco in a research report on Monday, November 10th. They issued a “neutral” rating and a $140.00 target price on the stock. Finally, Glj Research restated a “buy” rating and set a $99.74 price target on shares of Cameco in a research report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Cameco has an average rating of “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.