Cameco Corporation $CCJ Shares Bought by Triasima Portfolio Management inc.

by · The Markets Daily

Triasima Portfolio Management inc. increased its holdings in shares of Cameco Corporation (NYSE:CCJ – Free Report) (TSE:CCO) by 15.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,700 shares of the basic materials company’s stock after buying an additional 5,350 shares during the period. Triasima Portfolio Management inc.’s holdings in Cameco were worth $3,333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Consulate Inc. acquired a new position in Cameco in the 3rd quarter valued at $25,000. Trust Co. of Vermont raised its holdings in Cameco by 1,029.4% in the 2nd quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 350 shares during the last quarter. Armstrong Advisory Group Inc. lifted its stake in Cameco by 110.3% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 347 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 182 shares in the last quarter. Hilltop National Bank acquired a new position in shares of Cameco during the 2nd quarter worth approximately $30,000. Finally, VSM Wealth Advisory LLC acquired a new position in shares of Cameco during the 2nd quarter worth approximately $35,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. President Capital raised Cameco from a “neutral” rating to a “buy” rating in a research note on Monday, September 22nd. National Bankshares reaffirmed an “outperform” rating on shares of Cameco in a research note on Thursday, November 6th. The Goldman Sachs Group increased their price target on shares of Cameco from $95.00 to $109.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cameco in a research report on Monday, December 29th. Finally, Scotiabank reiterated an “outperform” rating on shares of Cameco in a research report on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cameco presently has an average rating of “Buy” and an average price target of $121.68.

Read Our Latest Research Report on Cameco

Cameco Stock Down 0.2%

Cameco stock opened at $116.17 on Tuesday. The stock’s fifty day moving average is $93.74 and its two-hundred day moving average is $86.10. The stock has a market cap of $50.59 billion, a PE ratio of 135.02 and a beta of 1.01. Cameco Corporation has a 1-year low of $35.00 and a 1-year high of $118.54. 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 (NYSE:CCJ – Get Free Report) (TSE:CCO) last issued its quarterly earnings data 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 firm had revenue of $313.74 million for the quarter, compared to analysts’ expectations of $531.72 million. Cameco had a return on equity of 8.58% and a net margin of 15.24%.The business’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.01) EPS. On average, sell-side analysts expect that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Cameco Increases Dividend

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

Cameco Company Profile

(Free Report)

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.

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