370,000 Shares in Cameco Corporation $CCJ Acquired by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. bought a new stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the third quarter, Holdings Channel.com reports. The firm bought 370,000 shares of the basic materials company’s stock, valued at approximately $31,028,000.

Other large investors also recently added to or reduced their stakes in the company. Hager Investment Management Services LLC raised its holdings in Cameco by 0.4% in the second quarter. Hager Investment Management Services LLC now owns 30,628 shares of the basic materials company’s stock valued at $2,274,000 after acquiring an additional 127 shares in the last quarter. Lee Johnson Capital Management LLC grew its position in Cameco by 1.2% during the 3rd quarter. Lee Johnson Capital Management LLC now owns 10,770 shares of the basic materials company’s stock worth $903,000 after purchasing an additional 127 shares during the last quarter. Wealth Alliance LLC increased its position in Cameco by 1.6% in the 2nd quarter. Wealth Alliance LLC now owns 10,036 shares of the basic materials company’s stock valued at $745,000 after acquiring an additional 154 shares during the period. Versant Capital Management Inc raised its stake in shares of Cameco by 11.2% during the third quarter. Versant Capital Management Inc now owns 1,590 shares of the basic materials company’s stock worth $133,000 after purchasing an additional 160 shares during the last quarter. Finally, Colonial Trust Advisors raised its position in Cameco by 0.3% during the 2nd quarter. Colonial Trust Advisors now owns 59,753 shares of the basic materials company’s stock worth $4,435,000 after buying an additional 172 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Scotiabank restated an “outperform” rating on shares of Cameco in a research note on Wednesday, October 29th. Glj Research reaffirmed a “buy” rating and set a $99.74 price target on shares of Cameco in a research note on Wednesday, December 3rd. National Bankshares reiterated an “outperform” rating on shares of Cameco in a research note on Thursday, November 6th. Royal Bank Of Canada cut their price target on shares of Cameco from $160.00 to $150.00 and set an “outperform” rating on the stock in a research note on Thursday, November 13th. Finally, Sanford C. Bernstein boosted their target price on Cameco from $100.00 to $101.00 and gave the stock an “outperform” rating in a report on Wednesday, January 7th. Two research 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. Based on data from MarketBeat, Cameco currently has an average rating of “Buy” and a consensus price target of $121.68.

Cameco Price Performance

Shares of NYSE CCJ opened at $115.74 on Wednesday. The business’s fifty day moving average price is $94.20 and its two-hundred day moving average price is $86.40. The firm has a market capitalization of $50.40 billion, a PE ratio of 134.58 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. Cameco Corporation has a 1-year low of $35.00 and a 1-year 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). Cameco had a net margin of 15.24% and a return on equity of 8.58%. The firm had revenue of $313.74 million during the quarter, compared to the consensus estimate of $531.72 million. During the same quarter in the prior year, the business earned ($0.01) earnings per share. The company’s revenue for the quarter was down 14.7% compared to the same quarter last year. On average, research analysts expect that Cameco Corporation will post 1.27 EPS for the current year.

Cameco Increases Dividend

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

Cameco 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.