Eurizon Capital SGR S.p.A. lowered its position in shares of Cameco Corporation (NYSE:CCJ – Free Report) (TSE:CCO) by 18.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 379,630 shares of the basic materials company’s stock after selling 84,894 shares during the quarter. Eurizon Capital SGR S.p.A. owned about 0.09% of Cameco worth $32,903,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Nikulski Financial Inc. increased its stake in shares of Cameco by 8.9% in the 3rd quarter. Nikulski Financial Inc. now owns 17,505 shares of the basic materials company’s stock valued at $1,517,000 after purchasing an additional 1,426 shares during the last quarter. CENTRAL TRUST Co acquired a new stake in Cameco in the third quarter valued at about $453,000. King Luther Capital Management Corp boosted its stake in Cameco by 2.7% in the third quarter. King Luther Capital Management Corp now owns 1,078,289 shares of the basic materials company’s stock valued at $93,455,000 after buying an additional 28,542 shares in the last quarter. Ritholtz Wealth Management grew its position in Cameco by 3.7% in the third quarter. Ritholtz Wealth Management now owns 11,975 shares of the basic materials company’s stock valued at $1,038,000 after acquiring an additional 429 shares during the last quarter. Finally, NBH Bank bought a new position in Cameco in the third quarter valued at about $45,000. 70.21% of the stock is owned by institutional investors and hedge funds.
Cameco Trading Down 1.5%
Shares of Cameco stock opened at $70.71 on Friday. The stock has a 50 day moving average price of $84.72 and a two-hundred day moving average price of $101.90. Cameco Corporation has a 52 week low of $66.06 and a 52 week high of $135.24. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.62 and a current ratio of 2.55. The stock has a market capitalization of $30.80 billion, a PE ratio of 107.14, a price-to-earnings-growth ratio of 1.81 and a beta of 1.18.
Cameco Dividend Announcement
The business also recently declared an annual dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be issued a C$0.24 dividend. This represents a dividend yield of 22.0%. The ex-dividend date of this dividend is Monday, November 30th. Cameco’s dividend payout ratio (DPR) is presently 25.76%.
Wall Street Analysts Forecast Growth
CCJ has been the subject of several research analyst reports. Jefferies Financial Group assumed coverage on Cameco in a research note on Thursday, September 3rd. They set a “buy” rating and a $138.00 target price for the company. Zacks Research upgraded shares of Cameco from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 3rd. Barclays decreased their price target on shares of Cameco from $95.00 to $89.00 and set an “equal weight” rating on the stock in a report on Monday, November 2nd. Wall Street Zen cut shares of Cameco from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th. Finally, 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 research note on Thursday, October 22nd. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Cameco presently has an average rating of “Moderate Buy” and an average price target of $148.12.
View Our Latest Stock Analysis on Cameco
Cameco Profile
Cameco is a Canadian uranium company involved in the exploration, mining, milling, refining and conversion of uranium. Its operations include major uranium assets in Saskatchewan, and it has an interest in the Inkai uranium operation in Kazakhstan. The company supplies uranium and related products to nuclear energy producers around the world. Cameco also provides nuclear fuel services, including uranium conversion and the manufacture of fuel bundles for CANDU reactors. In addition, it owns a 49% interest in Westinghouse Electric Company, a supplier of nuclear power plant technologies, services and fuel.
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