Pacifica Partners Inc. Has $5.25 Million Holdings in Cameco Corporation $CCJ

Pacifica Partners Inc. cut its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 45.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,001 shares of the basic materials company’s stock after selling 51,732 shares during the period. Cameco accounts for about 1.9% of Pacifica Partners Inc.’s investment portfolio, making the stock its 17th biggest position. Pacifica Partners Inc.’s holdings in Cameco were worth $5,254,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of CCJ. SVB Wealth LLC acquired a new stake in shares of Cameco in the first quarter valued at approximately $29,000. Trust Co. of Vermont lifted its holdings in Cameco by 1,029.4% during the 2nd quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company’s stock worth $29,000 after buying an additional 350 shares in the last quarter. Armstrong Advisory Group Inc. boosted its position in Cameco by 110.3% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 347 shares of the basic materials company’s stock valued at $29,000 after buying an additional 182 shares during the last quarter. Hilltop National Bank acquired a new position in shares of Cameco during the second quarter valued at $30,000. Finally, Atticus Wealth Management LLC acquired a new position in shares of Cameco during the second quarter valued at $34,000. 70.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Raymond James Financial lifted their price objective on Cameco to $150.00 in a research report on Wednesday, October 29th. President Capital raised shares of Cameco from a “neutral” rating to a “buy” rating in a research note on Monday, September 22nd. National Bankshares reissued an “outperform” rating on shares of Cameco in a research note on Thursday, November 6th. The Goldman Sachs Group increased their price objective on shares of Cameco from $95.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, Royal Bank Of Canada lowered their target price on shares of Cameco from $160.00 to $150.00 and set an “outperform” rating for the company in a report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $117.25.

Cameco Stock Performance

Shares of NYSE:CCJ opened at $87.58 on Friday. The company has a market capitalization of $38.13 billion, a price-to-earnings ratio of 101.84 and a beta of 1.07. The firm’s 50 day simple moving average is $90.37 and its 200 day simple moving average is $80.82. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.99 and a quick ratio of 1.85. 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 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 return on equity of 8.58% and a net margin of 15.24%.The firm had revenue of $313.74 million for the quarter, compared to the consensus estimate of $531.72 million. During the same period in the previous year, the business earned ($0.01) EPS. The firm’s revenue was down 14.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current year.

Cameco Increases Dividend

The company also recently declared an annual dividend, which was paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st were issued a $0.24 dividend. This is a positive change from Cameco’s previous annual dividend of $0.12. The ex-dividend date of this dividend was Monday, December 1st. This represents a dividend yield of 27.0%. Cameco’s dividend payout ratio (DPR) is presently 19.77%.

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.