Terra Nova Asset Management LLC Increases Stake in Cameco Corporation $CCJ

Terra Nova Asset Management LLC increased its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 339.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,709 shares of the basic materials company’s stock after purchasing an additional 26,809 shares during the period. Cameco accounts for 1.8% of Terra Nova Asset Management LLC’s portfolio, making the stock its 24th biggest position. Terra Nova Asset Management LLC’s holdings in Cameco were worth $2,576,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bison Wealth LLC increased its stake in shares of Cameco by 16.1% in the 4th quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company’s stock worth $1,102,000 after acquiring an additional 2,975 shares in the last quarter. Cerity Partners LLC increased its stake in shares of Cameco by 10.8% during the first quarter. Cerity Partners LLC now owns 25,387 shares of the basic materials company’s stock valued at $1,045,000 after purchasing an additional 2,479 shares in the last quarter. CWM LLC lifted its holdings in shares of Cameco by 43.7% during the first quarter. CWM LLC now owns 6,347 shares of the basic materials company’s stock valued at $261,000 after purchasing an additional 1,931 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of Cameco by 30.0% in the 1st quarter. Private Advisor Group LLC now owns 85,008 shares of the basic materials company’s stock worth $3,499,000 after purchasing an additional 19,619 shares in the last quarter. Finally, Kestra Private Wealth Services LLC grew its stake in shares of Cameco by 36.0% in the 1st quarter. Kestra Private Wealth Services LLC now owns 10,574 shares of the basic materials company’s stock worth $435,000 after buying an additional 2,801 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Trading Up 3.5%

Shares of Cameco stock opened at $86.23 on Thursday. Cameco Corporation has a 1-year low of $35.00 and a 1-year high of $110.15. The company’s fifty day simple moving average is $88.45 and its 200-day simple moving average is $75.82. The stock has a market capitalization of $37.54 billion, a PE ratio of 99.11 and a beta of 0.98. 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 (NYSE:CCJ) (TSE:CCO) last released its quarterly 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 net margin of 14.97% and a return on equity of 8.21%. The business’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.01) EPS. Cameco has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current year.

Cameco Increases Dividend

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

Wall Street Analysts Forecast Growth

CCJ has been the topic of a number of analyst reports. Raymond James Financial upped their price target on shares of Cameco to $150.00 in a research note on Wednesday, October 29th. Wall Street Zen lowered shares of Cameco from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cameco in a research note on Wednesday, October 8th. Royal Bank Of Canada reduced their target price on Cameco from $160.00 to $150.00 and set an “outperform” rating for the company in a report on Thursday, November 13th. Finally, CLSA initiated coverage on Cameco in a report on Tuesday, September 9th. They set an “outperform” rating and a $102.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $113.75.

About Cameco

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.