Lingohr Asset Management GmbH Boosts Stake in Cameco Corporation $CCJ

Lingohr Asset Management GmbH boosted its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 479.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 77,846 shares of the basic materials company’s stock after buying an additional 64,421 shares during the period. Cameco makes up about 1.6% of Lingohr Asset Management GmbH’s portfolio, making the stock its 21st biggest holding. Lingohr Asset Management GmbH’s holdings in Cameco were worth $6,531,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Cameco in the second quarter valued at $341,736,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in Cameco by 41.4% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,076,815 shares of the basic materials company’s stock valued at $524,988,000 after purchasing an additional 2,071,373 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Cameco by 1,428.6% in the 2nd quarter. Acadian Asset Management LLC now owns 978,300 shares of the basic materials company’s stock worth $72,505,000 after buying an additional 914,300 shares in the last quarter. Encompass Capital Advisors LLC bought a new stake in shares of Cameco in the 2nd quarter worth about $66,781,000. Finally, Fullerton Fund Management Co Ltd. raised its position in shares of Cameco by 3,586.0% during the 2nd quarter. Fullerton Fund Management Co Ltd. now owns 762,380 shares of the basic materials company’s stock valued at $56,591,000 after buying an additional 741,697 shares in the last quarter. Institutional investors own 70.21% of the company’s stock.

Cameco Price Performance

CCJ opened at $123.35 on Friday. The business has a fifty day moving average of $100.77 and a 200 day moving average of $89.15. The stock has a market cap of $53.71 billion, a P/E ratio of 143.43 and a beta of 1.01. 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 52-week low of $35.00 and a 52-week high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Wednesday, November 5th. The basic materials company reported $0.05 earnings per share 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 the consensus estimate of $531.72 million. Cameco had a return on equity of 8.58% and a net margin of 15.24%.The firm’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.01) earnings per share. As a group, sell-side analysts anticipate that Cameco Corporation will post 1.27 EPS for the current year.

Cameco Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cameco in a research report on Monday, December 29th. Royal Bank Of Canada dropped their target price on Cameco from $160.00 to $150.00 and set an “outperform” rating for the company in a report on Thursday, November 13th. National Bankshares restated an “outperform” rating on shares of Cameco in a report on Thursday, November 6th. Wall Street Zen downgraded Cameco from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Cameco in a research report on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target 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.