NWF Advisory Services Inc. Buys Shares of 23,803 Cameco Corporation $CCJ

NWF Advisory Services Inc. acquired a new stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 23,803 shares of the basic materials company’s stock, valued at approximately $1,996,000.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Cameco by 2.8% in the second quarter. Vanguard Group Inc. now owns 17,565,529 shares of the basic materials company’s stock valued at $1,304,504,000 after purchasing an additional 481,171 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in Cameco by 41.4% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,076,815 shares of the basic materials company’s stock valued at $524,988,000 after acquiring an additional 2,071,373 shares during the last quarter. Norges Bank acquired a new position in Cameco during the second quarter worth approximately $341,736,000. William Blair Investment Management LLC boosted its position in Cameco by 15.1% during the second quarter. William Blair Investment Management LLC now owns 3,869,291 shares of the basic materials company’s stock worth $287,217,000 after purchasing an additional 506,667 shares during the period. Finally, Geode Capital Management LLC grew its stake in Cameco by 20.7% in the 2nd quarter. Geode Capital Management LLC now owns 3,372,878 shares of the basic materials company’s stock valued at $250,797,000 after buying an additional 578,393 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Price Performance

Shares of NYSE CCJ opened at $121.18 on Tuesday. The stock’s 50 day moving average price is $97.06 and its 200-day moving average price is $87.81. The company has a quick ratio of 1.85, a current ratio of 2.99 and a debt-to-equity ratio of 0.15. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $128.40. The company has a market capitalization of $52.77 billion, a PE ratio of 140.91 and a beta of 1.01.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results 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 company 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 company’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.01) EPS. On average, equities analysts anticipate that Cameco Corporation will post 1.27 EPS 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 issued a $0.24 dividend. The ex-dividend date of this dividend was Monday, December 1st. This is an increase from Cameco’s previous annual dividend of $0.12. This represents a dividend yield of 27.0%. Cameco’s payout ratio is currently 19.77%.

Analysts Set New Price Targets

Several brokerages have weighed in on CCJ. Raymond James Financial reiterated an “outperform” rating on shares of Cameco in a research note on Wednesday, January 14th. Weiss Ratings restated a “hold (c-)” rating on shares of Cameco in a research note on Monday, December 29th. Glj Research restated a “buy” rating and set a $99.74 price objective on shares of Cameco in a research report on Wednesday, December 3rd. Royal Bank Of Canada decreased their price target on shares of Cameco from $160.00 to $150.00 and set an “outperform” rating for the company in a research report on Thursday, November 13th. Finally, National Bankshares restated an “outperform” rating on shares of Cameco in a research report on Thursday, November 6th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Cameco has an average rating of “Buy” and an average price target of $121.68.

About Cameco

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.