DJE Kapital AG Increases Stock Holdings in Cameco Corporation $CCJ

DJE Kapital AG raised its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 186.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 87,040 shares of the basic materials company’s stock after buying an additional 56,700 shares during the quarter. DJE Kapital AG’s holdings in Cameco were worth $6,361,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. MetLife Investment Management LLC purchased a new stake in Cameco in the first quarter valued at $2,131,000. TD Asset Management Inc lifted its holdings in shares of Cameco by 3.7% in the 2nd quarter. TD Asset Management Inc now owns 2,133,725 shares of the basic materials company’s stock valued at $158,141,000 after buying an additional 77,081 shares during the period. Northwest & Ethical Investments L.P. boosted its stake in shares of Cameco by 50.0% in the first quarter. Northwest & Ethical Investments L.P. now owns 42,487 shares of the basic materials company’s stock worth $1,750,000 after buying an additional 14,154 shares during the last quarter. Kayne Anderson Capital Advisors LP boosted its stake in shares of Cameco by 41.6% in the first quarter. Kayne Anderson Capital Advisors LP now owns 40,407 shares of the basic materials company’s stock worth $1,663,000 after buying an additional 11,879 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. grew its holdings in Cameco by 74.7% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 48,992 shares of the basic materials company’s stock worth $2,017,000 after acquiring an additional 20,947 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Price Performance

Cameco stock opened at $92.30 on Friday. The stock has a market capitalization of $40.19 billion, a P/E ratio of 106.09 and a beta of 0.98. The company’s fifty day moving average price is $86.73 and its 200 day moving average price is $73.41. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.00 and a current ratio of 2.96. Cameco Corporation has a 1 year low of $35.00 and a 1 year high of $110.15.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.17). Cameco had a net margin of 14.97% and a return on equity of 8.21%. The company had revenue of $313.74 million for the quarter, compared to analysts’ expectations of $531.72 million. During the same period in the previous year, the business earned ($0.01) earnings per share. The business’s revenue for the quarter was down 14.7% on a year-over-year basis. Cameco has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Cameco Increases Dividend

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

Wall Street Analyst Weigh In

CCJ has been the topic of several recent research reports. The Goldman Sachs Group upped their price objective on Cameco from $95.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. BMO Capital Markets reiterated an “outperform” rating on shares of Cameco in a research note on Friday, August 29th. CLSA initiated coverage on shares of Cameco in a report on Tuesday, September 9th. They set an “outperform” rating and a $102.00 price target on the stock. Scotiabank restated an “outperform” rating on shares of Cameco in a research report on Wednesday, October 29th. Finally, UBS Group set a $102.00 price objective on shares of Cameco in a research report on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $102.61.

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.