Kestra Advisory Services LLC lifted its position in shares of Cameco Corporation (NYSE:CCJ – Free Report) (TSE:CCO) by 15.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 198,107 shares of the basic materials company’s stock after purchasing an additional 27,013 shares during the quarter. Kestra Advisory Services LLC’s holdings in Cameco were worth $17,170,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Sterling Capital Management LLC acquired a new position in shares of Cameco in the 1st quarter valued at $30,000. CX Institutional lifted its stake in Cameco by 2,181.2% during the third quarter. CX Institutional now owns 365 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 349 shares during the period. Signature Equity Partners LLC boosted its holdings in Cameco by 55.8% during the third quarter. Signature Equity Partners LLC now owns 444 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 159 shares in the last quarter. Western Wealth Management LLC bought a new stake in shares of Cameco in the 1st quarter valued at approximately $39,000. Finally, Dunhill Financial LLC acquired a new position in shares of Cameco in the 2nd quarter worth approximately $39,000. 70.21% of the stock is currently owned by institutional investors.
Cameco Stock Performance
Shares of CCJ stock opened at $71.34 on Monday. The stock has a market cap of $31.07 billion, a PE ratio of 108.09, a price-to-earnings-growth ratio of 1.63 and a beta of 1.18. The stock has a 50-day moving average of $87.26 and a 200-day moving average of $103.15. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.55 and a quick ratio of 1.62. Cameco Corporation has a one year low of $66.06 and a one year high of $135.24.
Cameco Announces Dividend
The company also recently announced an annual dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be paid a C$0.24 dividend. This represents a yield of 22.0%. The ex-dividend date of this dividend is Monday, November 30th. Cameco’s dividend payout ratio is presently 25.76%.
Cameco News Summary
Here are the key news stories impacting Cameco this week:
- Positive Sentiment: Investors bought 152,544 call options on Friday—nearly five times the average daily volume. This suggests increased bullish positioning, though options activity does not guarantee a stock move.
- Positive Sentiment: Zacks Research upgraded Cameco from “strong sell” to “hold,” a modest improvement in analyst sentiment.
- Neutral Sentiment: Management highlighted disciplined uranium pricing, tight nuclear-fuel supplies and Westinghouse growth opportunities on its Q3 earnings call, but also acknowledged higher costs and weaker quarterly earnings. Cameco Q3 Earnings Call Highlights Uranium Pricing Discipline
- Negative Sentiment: Scotiabank cut its FY2026 EPS forecast to $0.64 from $0.85 and FY2027 to $1.29 from $1.44, adding pressure to the earnings outlook.
- Negative Sentiment: Cameco renewed its at-the-market equity program, which gives it the option to sell shares and raise capital but could dilute existing shareholders if used. Cameco Reports Document Filing
- Negative Sentiment: A recent earnings analysis points to a gap between an approximately $89 market uranium price and Cameco’s roughly $66 selling price, a factor that may delay the benefit of stronger spot prices flowing through to results. Cameco Earnings Analysis
Analysts Set New Price Targets
A number of research analysts have issued reports on the company. Citigroup reissued a “positive” rating on shares of Cameco in a report on Wednesday, July 15th. Truist Financial dropped their price objective on shares of Cameco from $130.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, October 22nd. Wall Street Zen lowered Cameco from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th. Weiss Ratings raised Cameco from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Finally, Zacks Research raised shares of Cameco from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 3rd. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $147.38.
Cameco Profile
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