Cameco Corporation $CCJ Shares Sold by Titleist Asset Management LLC

Titleist Asset Management LLC lowered its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 13.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,105 shares of the basic materials company’s stock after selling 5,736 shares during the period. Titleist Asset Management LLC’s holdings in Cameco were worth $2,754,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of CCJ. American Century Companies Inc. grew its holdings in shares of Cameco by 1.6% in the 2nd quarter. American Century Companies Inc. now owns 461,686 shares of the basic materials company’s stock worth $34,273,000 after acquiring an additional 7,387 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Cameco by 1.8% during the second quarter. Franklin Resources Inc. now owns 171,163 shares of the basic materials company’s stock valued at $12,716,000 after purchasing an additional 3,095 shares during the last quarter. Mediolanum International Funds Ltd boosted its position in shares of Cameco by 55.0% in the 2nd quarter. Mediolanum International Funds Ltd now owns 12,906 shares of the basic materials company’s stock valued at $949,000 after purchasing an additional 4,580 shares during the period. MAI Capital Management increased its stake in Cameco by 24.0% in the 2nd quarter. MAI Capital Management now owns 3,104 shares of the basic materials company’s stock worth $230,000 after purchasing an additional 600 shares in the last quarter. Finally, Hillsdale Investment Management Inc. raised its holdings in Cameco by 165.1% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 169,448 shares of the basic materials company’s stock worth $12,593,000 after buying an additional 105,523 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. BMO Capital Markets reaffirmed an “outperform” rating on shares of Cameco in a research note on Friday, August 29th. Royal Bank Of Canada cut their price target on shares of Cameco from $160.00 to $150.00 and set an “outperform” rating on the stock in a report on Thursday, November 13th. UBS Group initiated coverage on shares of Cameco in a research report on Monday, November 10th. They issued a “neutral” rating and a $140.00 price target for the company. CLSA started coverage on shares of Cameco in a research note on Tuesday, September 9th. They issued an “outperform” rating and a $102.00 price objective for the company. Finally, TD Securities reissued a “buy” rating on shares of Cameco in a research note on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $113.75.

Cameco Price Performance

NYSE CCJ opened at $79.43 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.96 and a quick ratio of 2.00. The firm has a market capitalization of $34.58 billion, a price-to-earnings ratio of 91.30 and a beta of 0.98. The company has a 50 day simple moving average of $88.52 and a 200-day simple moving average of $76.29. Cameco Corporation has a 52-week low of $35.00 and a 52-week high of $110.15.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.17). Cameco had a net margin of 14.97% and a return on equity of 8.21%. The company had revenue of $313.74 million during the quarter, compared to analyst estimates of $531.72 million. During the same quarter in the prior year, the company posted ($0.01) EPS. The firm’s quarterly revenue was down 14.7% compared to the same quarter last year. Cameco has set its FY 2025 guidance at EPS. Equities research analysts predict that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Cameco Increases Dividend

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

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.