XTX Topco Ltd Has $229,000 Position in Cameco Corporation $CCJ

XTX Topco Ltd lessened its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 90.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,091 shares of the basic materials company’s stock after selling 29,221 shares during the quarter. XTX Topco Ltd’s holdings in Cameco were worth $229,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Dagco Inc. bought a new stake in Cameco during the first quarter worth about $28,000. SVB Wealth LLC acquired a new stake in Cameco during the 1st quarter valued at $29,000. Trust Co. of Vermont raised its position 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 purchasing an additional 350 shares during the last quarter. Hilltop National Bank acquired a new position in Cameco in the second quarter worth $30,000. Finally, Atticus Wealth Management LLC bought a new stake in shares of Cameco during the second quarter worth $34,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Raymond James Financial lifted their price target on Cameco to $150.00 in a report on Wednesday, October 29th. BMO Capital Markets reissued an “outperform” rating on shares of Cameco in a report on Friday, August 29th. National Bankshares reaffirmed an “outperform” rating on shares of Cameco in a report on Thursday, November 6th. Wall Street Zen lowered Cameco from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cameco in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $117.25.

Cameco Trading Up 2.7%

Shares of NYSE CCJ opened at $93.36 on Wednesday. Cameco Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $110.15. The firm has a market capitalization of $40.65 billion, a P/E ratio of 108.55 and a beta of 1.07. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.99 and a quick ratio of 1.85. The company’s 50 day simple moving average is $89.70 and its 200 day simple moving average is $79.61.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results 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). Cameco had a net margin of 15.24% and a return on equity of 8.58%. The business had revenue of $313.74 million for the quarter, compared to the consensus estimate of $531.72 million. During the same quarter in the previous year, the firm posted ($0.01) EPS. The business’s revenue was down 14.7% on a year-over-year basis. On average, analysts predict that Cameco Corporation will post 1.27 EPS for the current year.

Cameco Increases Dividend

The business also recently announced an annual dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Monday, December 1st will be paid a $0.24 dividend. 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. This represents a yield of 27.0%. Cameco’s payout ratio is currently 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.