Cameco Co. (NYSE:CCJ) Shares Purchased by Ingalls & Snyder LLC

Ingalls & Snyder LLC boosted its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 2.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,496 shares of the basic materials company’s stock after purchasing an additional 325 shares during the period. Ingalls & Snyder LLC’s holdings in Cameco were worth $597,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Telemark Asset Management LLC increased its stake in Cameco by 8.3% during the 3rd quarter. Telemark Asset Management LLC now owns 1,300,000 shares of the basic materials company’s stock worth $62,088,000 after buying an additional 100,000 shares during the period. Moody Lynn & Lieberson LLC bought a new stake in Cameco in the 3rd quarter valued at about $1,680,000. Swiss National Bank boosted its position in shares of Cameco by 0.9% during the third quarter. Swiss National Bank now owns 1,314,400 shares of the basic materials company’s stock worth $62,892,000 after buying an additional 11,600 shares during the period. Tidal Investments LLC raised its stake in shares of Cameco by 15.5% during the first quarter. Tidal Investments LLC now owns 20,036 shares of the basic materials company’s stock valued at $868,000 after purchasing an additional 2,683 shares in the last quarter. Finally, Country Club Bank bought a new stake in shares of Cameco during the 3rd quarter worth about $2,093,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Price Performance

NYSE CCJ opened at $59.39 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $25.85 billion, a PE ratio of 312.60 and a beta of 0.91. Cameco Co. has a 12-month low of $35.43 and a 12-month high of $61.05. The company has a 50 day moving average price of $53.87 and a two-hundred day moving average price of $49.04.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data 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). Cameco had a return on equity of 3.33% and a net margin of 4.15%. The business had revenue of $721.00 million during the quarter, compared to the consensus estimate of $646.83 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 25.4% on a year-over-year basis. As a group, equities analysts predict that Cameco Co. will post 0.51 earnings per share for the current fiscal year.

Cameco Increases Dividend

The business also recently announced an annual dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be issued a $0.118 dividend. This is a positive change from Cameco’s previous annual dividend of $0.09. This represents a yield of 0.22%. The ex-dividend date of this dividend is Wednesday, November 27th. Cameco’s payout ratio is 63.16%.

Wall Street Analysts Forecast Growth

CCJ has been the subject of several recent research reports. Scotiabank cut their target price on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. National Bank Financial upgraded Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Glj Research restated a “buy” rating and set a $63.73 price target on shares of Cameco in a report on Wednesday, August 14th. Finally, Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price 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.