Cameco Corporation $CCJ Shares Acquired by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA increased its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 7.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 2,755,802 shares of the basic materials company’s stock after acquiring an additional 202,279 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Cameco were worth $231,102,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Financial Consulate Inc. purchased a new stake in Cameco in the 3rd quarter worth $25,000. Trust Co. of Vermont grew 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. Armstrong Advisory Group Inc. grew its position in shares of Cameco by 110.3% in the third quarter. Armstrong Advisory Group Inc. now owns 347 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 182 shares during the period. Hilltop National Bank purchased a new stake in shares of Cameco during the second quarter worth about $30,000. Finally, VSM Wealth Advisory LLC acquired a new position in shares of Cameco during the 2nd quarter worth about $35,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Price Performance

Shares of CCJ stock opened at $116.50 on Tuesday. The company has a market capitalization of $50.73 billion, a PE ratio of 135.47 and a beta of 1.01. 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 firm’s 50-day moving average is $93.74 and its two-hundred day moving average is $86.10. Cameco Corporation has a 12 month low of $35.00 and a 12 month high of $118.54.

Cameco (NYSE:CCJ) (TSE:CCO) last issued 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). The business had revenue of $313.74 million during 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 company’s revenue was down 14.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.01) earnings per share. Analysts predict 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 given a dividend of $0.24 per share. This is an increase from Cameco’s previous annual dividend of $0.12. This represents a dividend yield of 27.0%. The ex-dividend date was Monday, December 1st. Cameco’s dividend payout ratio (DPR) is 19.77%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Royal Bank Of Canada lowered their price objective on Cameco from $160.00 to $150.00 and set an “outperform” rating on the stock in a report on Thursday, November 13th. The Goldman Sachs Group increased their target price on Cameco from $95.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Zacks Research raised Cameco from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. UBS Group started coverage on Cameco in a research report on Monday, November 10th. They set a “neutral” rating and a $140.00 price target for the company. Finally, Glj Research reissued a “buy” rating and issued a $99.74 price objective on shares of Cameco in a research note on Wednesday, December 3rd. Two analysts have 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. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price 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.