Lombard Odier Asset Management USA Corp Sells 17,360 Shares of Cameco Corporation $CCJ

Lombard Odier Asset Management USA Corp lessened its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 46.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,140 shares of the basic materials company’s stock after selling 17,360 shares during the period. Lombard Odier Asset Management USA Corp’s holdings in Cameco were worth $1,495,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CCJ. Dagco Inc. bought a new stake in Cameco in the 1st quarter valued at about $28,000. SVB Wealth LLC purchased a new position in shares of Cameco in the first quarter worth about $29,000. Trust Co. of Vermont raised its position in shares of Cameco by 1,029.4% in the second quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 350 shares during the period. Hilltop National Bank purchased a new stake in shares of Cameco during the 2nd quarter valued at approximately $30,000. Finally, Atticus Wealth Management LLC purchased a new stake in shares of Cameco during the 2nd quarter valued at approximately $34,000. Institutional investors own 70.21% of the company’s stock.

Cameco Price Performance

Cameco stock opened at $90.91 on Tuesday. The stock has a market cap of $39.58 billion, a price-to-earnings ratio of 105.70 and a beta of 1.07. The company has a quick ratio of 1.85, a current ratio of 2.99 and a debt-to-equity ratio of 0.15. The business has a 50-day simple moving average of $89.52 and a 200 day simple moving average of $79.37. Cameco Corporation has a 52 week low of $35.00 and a 52 week high of $110.15.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.17). The business 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 firm’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 firm posted ($0.01) EPS. On average, research analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Cameco Increases Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CCJ. Scotiabank reissued an “outperform” rating on shares of Cameco in a report on Wednesday, October 29th. The Goldman Sachs Group lifted their price target on Cameco from $95.00 to $109.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. UBS Group began coverage on Cameco in a report on Monday, November 10th. They set a “neutral” rating and a $140.00 price objective on the stock. Raymond James Financial raised their target price on Cameco to $150.00 in a research note on Wednesday, October 29th. Finally, Wall Street Zen cut Cameco from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.25.

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.