Mutual Advisors LLC Boosts Holdings in Cameco Corporation $CCJ

Mutual Advisors LLC grew its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 667.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,480 shares of the basic materials company’s stock after buying an additional 23,029 shares during the quarter. Mutual Advisors LLC’s holdings in Cameco were worth $2,285,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in CCJ. Financial Consulate Inc. purchased a new position in Cameco during the third quarter worth about $25,000. Armstrong Advisory Group Inc. increased its position in Cameco by 110.3% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 347 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 182 shares during the period. Hilltop National Bank acquired a new position in Cameco during the 2nd quarter worth approximately $30,000. Cullen Frost Bankers Inc. purchased a new position in shares of Cameco during the 3rd quarter worth approximately $37,000. Finally, VSM Wealth Advisory LLC acquired a new stake in shares of Cameco in the 2nd quarter valued at approximately $35,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. 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 report on Wednesday, October 29th. Wall Street Zen cut shares of Cameco from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Sanford C. Bernstein raised their price objective on shares of Cameco from $100.00 to $101.00 and gave the company an “outperform” rating in a research note on Wednesday, January 7th. Scotiabank reissued an “outperform” rating on shares of Cameco in a report on Wednesday, October 29th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cameco in a report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $121.68.

Cameco Stock Performance

NYSE:CCJ opened at $120.26 on Tuesday. The company has a current ratio of 2.99, a quick ratio of 1.85 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $101.51 and a two-hundred day moving average price of $89.63. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $135.24. The company has a market capitalization of $52.37 billion, a P/E ratio of 139.84 and a beta of 0.99.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results 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 15.24% and a return on equity of 8.58%. The business had revenue of $313.74 million during the quarter, compared to analysts’ expectations of $531.72 million. During the same period last year, the company earned ($0.01) EPS. The firm’s revenue for the quarter was down 14.7% on a year-over-year basis. As a group, research analysts expect 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 was paid on Tuesday, December 16th. Shareholders of record on Monday, December 1st were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, December 1st. This is a positive change from Cameco’s previous annual dividend of $0.12. This represents a yield of 27.0%. Cameco’s dividend payout ratio (DPR) is 19.77%.

Cameco Profile

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.