Bryn Mawr Trust Advisors LLC Purchases Shares of 2,933 Cameco Corporation $CCJ

Bryn Mawr Trust Advisors LLC acquired a new position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,933 shares of the basic materials company’s stock, valued at approximately $218,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Cameco by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 17,084,358 shares of the basic materials company’s stock valued at $703,295,000 after acquiring an additional 300,088 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Cameco by 39.3% in the first quarter. Alliancebernstein L.P. now owns 14,048,244 shares of the basic materials company’s stock worth $578,226,000 after purchasing an additional 3,959,837 shares in the last quarter. AGF Management Ltd. lifted its position in shares of Cameco by 19.0% in the first quarter. AGF Management Ltd. now owns 4,037,646 shares of the basic materials company’s stock worth $166,206,000 after purchasing an additional 644,413 shares in the last quarter. William Blair Investment Management LLC boosted its holdings in Cameco by 15.1% during the second quarter. William Blair Investment Management LLC now owns 3,869,291 shares of the basic materials company’s stock worth $287,217,000 after purchasing an additional 506,667 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in Cameco by 20.6% in the first quarter. Ameriprise Financial Inc. now owns 3,048,732 shares of the basic materials company’s stock valued at $125,533,000 after purchasing an additional 521,492 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Price Performance

Shares of NYSE CCJ opened at $92.30 on Monday. 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 business’s 50 day moving average price is $86.73 and its two-hundred day moving average price is $73.63. The company has a market cap of $40.19 billion, a PE 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.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its 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 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 8.21% and a net margin of 14.97%.The business’s revenue was down 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.01) earnings per share. Cameco has set its FY 2025 guidance at EPS. On average, analysts predict that Cameco Corporation will post 1.27 EPS for the current year.

Cameco Increases Dividend

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

Analyst Ratings Changes

Several brokerages have commented on CCJ. President Capital raised shares of Cameco from a “neutral” rating to a “buy” rating in a research report on Monday, September 22nd. Scotiabank reaffirmed an “outperform” rating on shares of Cameco in a research report on Wednesday, October 29th. Royal Bank Of Canada increased their price target on Cameco from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Wall Street Zen downgraded Cameco from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, TD Securities reiterated a “buy” rating on shares of Cameco in a research note on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $102.61.

Cameco Profile

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.