Cameco Corporation $CCJ Stock: Ethic Inc. Boosts Position

Ethic Inc. raised its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 44.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,256 shares of the basic materials company’s stock after purchasing an additional 7,146 shares during the quarter. Ethic Inc.’s holdings in Cameco were worth $2,016,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. CX Institutional increased its holdings in Cameco by 2,181.2% in the 3rd quarter. CX Institutional now owns 365 shares of the basic materials company’s stock worth $32,000 after buying an additional 349 shares during the period. Signature Equity Partners LLC boosted its holdings in shares of Cameco by 55.8% in the 3rd quarter. Signature Equity Partners LLC now owns 444 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 159 shares during the last quarter. Western Wealth Management LLC purchased a new stake in shares of Cameco in the 1st quarter valued at $39,000. Dunhill Financial LLC acquired a new stake in shares of Cameco in the second quarter worth $39,000. Finally, Trust Co. of Vermont acquired a new stake in shares of Cameco in the second quarter worth $39,000. 70.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CCJ has been the subject of several recent research reports. Zacks Research raised shares of Cameco from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 3rd. Citigroup restated a “positive” rating on shares of Cameco in a research report on Wednesday, July 15th. Jefferies Financial Group assumed coverage on shares of Cameco in a report on Thursday, September 3rd. They issued a “buy” rating and a $138.00 price target on the stock. Weiss Ratings raised shares of Cameco from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Finally, Wall Street Zen downgraded Cameco from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.12.

Cameco Price Performance

Shares of NYSE CCJ opened at $74.25 on Thursday. The stock has a market capitalization of $32.34 billion, a price-to-earnings ratio of 87.79, a PEG ratio of 1.84 and a beta of 1.18. Cameco Corporation has a 12 month low of $66.06 and a 12 month high of $135.24. The firm’s 50 day simple moving average is $85.81 and its 200-day simple moving average is $102.42. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.55 and a quick ratio of 1.62.

Cameco Dividend Announcement

The company also recently declared an annual dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be issued a dividend of C$0.24 per share. The ex-dividend date of this dividend is Monday, November 30th. This represents a yield of 22.0%. Cameco’s dividend payout ratio is 25.76%.

Cameco Profile

Cameco is a Canadian uranium company involved in the exploration, mining, milling, refining and conversion of uranium. Its operations include major uranium assets in Saskatchewan, and it has an interest in the Inkai uranium operation in Kazakhstan. The company supplies uranium and related products to nuclear energy producers around the world. Cameco also provides nuclear fuel services, including uranium conversion and the manufacture of fuel bundles for CANDU reactors. In addition, it owns a 49% interest in Westinghouse Electric Company, a supplier of nuclear power plant technologies, services and fuel.