Moors & Cabot Inc. Lowers Position in Cameco Corporation $CCJ

Moors & Cabot Inc. trimmed its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 12.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,534 shares of the basic materials company’s stock after selling 1,354 shares during the period. Moors & Cabot Inc.’s holdings in Cameco were worth $708,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Hager Investment Management Services LLC lifted its position 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 valued at $2,274,000 after buying an additional 127 shares during the period. Signaturefd LLC grew its position in shares of Cameco by 2.4% in the 2nd quarter. Signaturefd LLC now owns 8,119 shares of the basic materials company’s stock worth $603,000 after buying an additional 191 shares during the period. Belpointe Asset Management LLC increased its stake in shares of Cameco by 1.0% in the 2nd quarter. Belpointe Asset Management LLC now owns 21,858 shares of the basic materials company’s stock worth $1,623,000 after acquiring an additional 206 shares in the last quarter. Country Club Bank lifted its position in Cameco by 0.5% during the 1st quarter. Country Club Bank now owns 43,553 shares of the basic materials company’s stock valued at $1,822,000 after acquiring an additional 224 shares during the period. Finally, Blume Capital Management Inc. boosted its stake in Cameco by 2.2% during the second quarter. Blume Capital Management Inc. now owns 13,361 shares of the basic materials company’s stock worth $992,000 after acquiring an additional 284 shares in the last quarter. Institutional investors own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Raymond James Financial raised their target price on shares of Cameco to $150.00 in a research note on Wednesday, October 29th. BMO Capital Markets reissued an “outperform” rating on shares of Cameco in a research report on Friday, August 29th. CLSA initiated coverage on Cameco in a research note on Tuesday, September 9th. They issued an “outperform” rating and a $102.00 price target on the stock. National Bankshares reaffirmed an “outperform” rating on shares of Cameco in a research report on Thursday. Finally, UBS Group set a $102.00 target price on Cameco in a report on Tuesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Cameco has an average rating of “Buy” and an average target price of $102.61.

Cameco Price Performance

Shares of NYSE CCJ opened at $92.30 on Friday. The firm has a market cap of $40.19 billion, a P/E ratio of 106.09 and a beta of 0.98. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $110.15. The company has a quick ratio of 2.00, a current ratio of 2.96 and a debt-to-equity ratio of 0.15. The company has a 50 day moving average of $86.73 and a 200 day moving average of $73.18.

Cameco Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, December 1st. This is an increase from Cameco’s previous annual dividend of $0.12. This represents a dividend yield of 25.0%. Cameco’s dividend payout ratio is currently 13.95%.

About Cameco

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.