Cameco Corporation $CCJ Shares Sold by iA Global Asset Management Inc.

iA Global Asset Management Inc. lowered its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 5.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 481,367 shares of the basic materials company’s stock after selling 28,475 shares during the period. iA Global Asset Management Inc. owned about 0.11% of Cameco worth $40,367,000 at the end of the most recent quarter.

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

Cameco Trading Down 0.6%

Shares of Cameco stock opened at $121.65 on Friday. 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 stock’s 50 day simple moving average is $95.51 and its 200-day simple moving average is $86.90. The stock has a market cap of $52.97 billion, a P/E ratio of 141.45 and a beta of 1.01. Cameco Corporation has a 1-year low of $35.00 and a 1-year high of $126.47.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly 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 company 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 prior year, the business posted ($0.01) EPS. Analysts predict that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Cameco Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CCJ. Zacks Research raised shares of Cameco from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. National Bankshares reiterated an “outperform” rating on shares of Cameco in a research note on Thursday, November 6th. Raymond James Financial reissued an “outperform” rating on shares of Cameco in a report on Wednesday, January 14th. Sanford C. Bernstein lifted their price target on Cameco from $100.00 to $101.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 7th. Finally, Wall Street Zen cut Cameco from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, 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.