S&CO Inc. Sells 4,767 Shares of Cameco Corporation $CCJ

S&CO Inc. trimmed its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 0.8% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 571,834 shares of the basic materials company’s stock after selling 4,767 shares during the period. Cameco accounts for approximately 2.7% of S&CO Inc.’s portfolio, making the stock its 9th largest position. S&CO Inc. owned about 0.13% of Cameco worth $42,447,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hager Investment Management Services LLC increased its position in Cameco by 0.4% in the 2nd quarter. Hager Investment Management Services LLC now owns 30,628 shares of the basic materials company’s stock valued at $2,274,000 after acquiring an additional 127 shares during the period. Signaturefd LLC grew its stake 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 valued at $603,000 after purchasing an additional 191 shares during the last quarter. Belpointe Asset Management LLC increased its holdings in shares of Cameco by 1.0% in the second quarter. Belpointe Asset Management LLC now owns 21,858 shares of the basic materials company’s stock valued at $1,623,000 after purchasing an additional 206 shares during the period. Blume Capital Management Inc. raised its stake in shares of 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 purchasing an additional 284 shares during the last quarter. Finally, Sunpointe LLC lifted its holdings in shares of Cameco by 1.8% during the first quarter. Sunpointe LLC now owns 16,281 shares of the basic materials company’s stock worth $670,000 after purchasing an additional 288 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CCJ. National Bankshares reissued an “outperform” rating on shares of Cameco in a research note on Thursday. Scotiabank reaffirmed an “outperform” rating on shares of Cameco in a report on Wednesday, October 29th. Raymond James Financial increased their price target on shares of Cameco to $150.00 in a report on Wednesday, October 29th. TD Securities restated a “buy” rating on shares of Cameco in a research report on Tuesday, August 5th. Finally, UBS Group set a $102.00 target price on Cameco in a research report on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $102.61.

Cameco Trading Up 2.3%

Shares of CCJ opened at $92.30 on Monday. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $110.15. The company has a current ratio of 2.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $40.19 billion, a P/E ratio of 106.09 and a beta of 0.98. The firm’s 50-day moving average is $86.73 and its two-hundred day moving average is $73.63.

Cameco (NYSE:CCJ) (TSE:CCO) last announced 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 firm had revenue of $313.74 million for the quarter, compared to analysts’ expectations of $531.72 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%.Cameco’s revenue was down 14.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.01) EPS. Cameco has set its FY 2025 guidance at EPS. On average, research analysts predict that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Cameco Increases Dividend

The company also recently announced 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 represents a yield of 25.0%. This is a positive change from Cameco’s previous annual dividend of $0.12. The ex-dividend date of this dividend is Monday, December 1st. Cameco’s dividend payout ratio is currently 13.95%.

Cameco Company 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.