Cameco Co. (NYSE:CCJ) Shares Bought by Moors & Cabot Inc.

Moors & Cabot Inc. lifted its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 15.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,649 shares of the basic materials company’s stock after buying an additional 1,125 shares during the quarter. Moors & Cabot Inc.’s holdings in Cameco were worth $413,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA acquired a new position in Cameco during the 2nd quarter worth approximately $73,125,000. CIBC Asset Management Inc lifted its position in shares of Cameco by 58.0% during the 3rd quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock worth $181,382,000 after purchasing an additional 1,386,639 shares during the last quarter. M&G PLC acquired a new position in shares of Cameco during the third quarter worth $66,227,000. King Luther Capital Management Corp purchased a new position in Cameco in the second quarter valued at $32,740,000. Finally, Van ECK Associates Corp raised its stake in Cameco by 48.1% in the third quarter. Van ECK Associates Corp now owns 1,584,822 shares of the basic materials company’s stock valued at $75,691,000 after buying an additional 515,046 shares in the last quarter. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Stock Down 1.3 %

Shares of NYSE:CCJ opened at $60.11 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The stock has a market cap of $26.16 billion, a P/E ratio of 316.39 and a beta of 0.89. Cameco Co. has a 1-year low of $35.43 and a 1-year high of $60.98. The firm has a fifty day moving average price of $51.66 and a 200 day moving average price of $48.69.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). The company had revenue of $721.00 million for the quarter, compared to analysts’ expectations of $646.83 million. Cameco had a return on equity of 3.33% and a net margin of 4.15%. The business’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.24 EPS. Sell-side analysts predict that Cameco Co. will post 0.7 EPS for the current year.

Cameco Increases Dividend

The business also recently declared an annual dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.118 per share. The ex-dividend date is Wednesday, November 27th. This is an increase from Cameco’s previous annual dividend of $0.09. This represents a dividend yield of 0.22%. Cameco’s dividend payout ratio (DPR) is currently 47.37%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a report on Friday, October 4th. National Bank Financial raised shares of Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Cantor Fitzgerald upgraded shares of Cameco from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 31st. Glj Research reiterated a “buy” rating and set a $63.73 price target on shares of Cameco in a research note on Wednesday, August 14th. Finally, Scotiabank reduced their price target on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. One analyst has rated the stock with a sell rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $66.56.

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.