Westwood Holdings Group Inc. Purchases New Shares in Cameco Corporation $CCJ

Westwood Holdings Group Inc. acquired a new stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 6,731 shares of the basic materials company’s stock, valued at approximately $500,000.

A number of other large investors have also recently bought and sold shares of CCJ. Creative Planning lifted its holdings in shares of Cameco by 3.0% during the 2nd quarter. Creative Planning now owns 63,884 shares of the basic materials company’s stock worth $4,742,000 after acquiring an additional 1,873 shares during the period. Pinnbrook Capital Management LP bought a new stake in Cameco during the second quarter worth $3,679,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of Cameco by 15.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,553,523 shares of the basic materials company’s stock valued at $189,548,000 after purchasing an additional 337,670 shares in the last quarter. L & S Advisors Inc bought a new position in shares of Cameco in the 2nd quarter valued at $4,037,000. Finally, Oak Harvest Investment Services acquired a new position in shares of Cameco during the 2nd quarter worth $2,705,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CCJ has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cameco in a research report on Wednesday, October 8th. UBS Group assumed coverage on shares of Cameco in a report on Monday, November 10th. They set a “neutral” rating and a $140.00 price target on the stock. President Capital raised shares of Cameco from a “neutral” rating to a “buy” rating in a research note on Monday, September 22nd. The Goldman Sachs Group raised their target price on shares of Cameco from $95.00 to $109.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, Scotiabank reiterated an “outperform” rating on shares of Cameco in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $113.75.

Cameco Trading Down 1.0%

CCJ opened at $83.89 on Monday. The firm has a market capitalization of $36.53 billion, a price-to-earnings ratio of 96.51 and a beta of 0.98. The company’s 50 day moving average price is $88.09 and its two-hundred day moving average price is $75.23. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.96 and a quick ratio of 2.00. Cameco Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $110.15.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its 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). The company had revenue of $313.74 million for the quarter, compared to the consensus estimate of $531.72 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The firm’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.01) earnings per share. Cameco has set its FY 2025 guidance at EPS. As a group, research analysts predict that Cameco Corporation will post 1.27 earnings per share for the current year.

Cameco Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st will be paid a $0.24 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a dividend yield of 25.0%. This is an increase from Cameco’s previous annual dividend of $0.12. Cameco’s payout ratio is currently 19.77%.

Cameco Company 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.