Cameco Corporation $CCJ Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. trimmed its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 34.7% during the third quarter, Holdings Channel reports. The firm owned 64,173 shares of the basic materials company’s stock after selling 34,111 shares during the quarter. Federated Hermes Inc.’s holdings in Cameco were worth $5,382,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Cameco in the second quarter valued at approximately $341,736,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Cameco by 41.4% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,076,815 shares of the basic materials company’s stock valued at $524,988,000 after purchasing an additional 2,071,373 shares in the last quarter. Acadian Asset Management LLC grew its stake in Cameco by 1,428.6% during the second quarter. Acadian Asset Management LLC now owns 978,300 shares of the basic materials company’s stock worth $72,505,000 after buying an additional 914,300 shares during the period. Encompass Capital Advisors LLC acquired a new position in shares of Cameco during the second quarter worth about $66,781,000. Finally, Fullerton Fund Management Co Ltd. boosted its holdings in Cameco by 3,586.0% in the 2nd quarter. Fullerton Fund Management Co Ltd. now owns 762,380 shares of the basic materials company’s stock worth $56,591,000 after acquiring an additional 741,697 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Performance

CCJ opened at $120.26 on Tuesday. The stock’s 50 day simple moving average is $101.51 and its 200-day simple moving average is $89.63. The stock has a market cap of $52.37 billion, a PE ratio of 139.84 and a beta of 0.99. Cameco Corporation has a 1 year low of $35.00 and a 1 year high of $135.24. The company has a current ratio of 2.99, a quick ratio of 1.85 and a debt-to-equity ratio of 0.15.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.17). The company had revenue of $313.74 million during the quarter, compared to the consensus estimate of $531.72 million. Cameco had a net margin of 15.24% and a return on equity of 8.58%. The business’s revenue was down 14.7% on a year-over-year basis. During the same quarter last year, the company earned ($0.01) earnings per share. Sell-side analysts forecast that Cameco Corporation will post 1.27 EPS for the current year.

Cameco Increases Dividend

The firm also recently declared an annual dividend, which was paid on Tuesday, December 16th. Investors of record on Monday, December 1st were paid a dividend of $0.24 per share. This represents a dividend yield of 27.0%. 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. Cameco’s payout ratio is presently 19.77%.

Analysts Set New Price Targets

CCJ has been the subject of a number of analyst reports. Zacks Research raised Cameco from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 14th. Raymond James Financial restated an “outperform” rating on shares of Cameco in a research note on Wednesday, January 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of Cameco in a report on Monday, December 29th. National Bankshares reaffirmed an “outperform” rating on shares of Cameco in a research note on Thursday, November 6th. Finally, UBS Group started coverage on Cameco in a research report on Monday, November 10th. They set a “neutral” rating and a $140.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $121.68.

Cameco Company Profile

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.