Anderson Hoagland & Co. Increases Holdings in Cameco Corporation $CCJ

Anderson Hoagland & Co. grew its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 173.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 61,261 shares of the basic materials company’s stock after purchasing an additional 38,847 shares during the quarter. Anderson Hoagland & Co.’s holdings in Cameco were worth $5,137,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CCJ. Hager Investment Management Services LLC raised its position in shares of Cameco by 0.4% in the 2nd quarter. Hager Investment Management Services LLC now owns 30,628 shares of the basic materials company’s stock worth $2,274,000 after purchasing an additional 127 shares during the last quarter. Wealth Alliance LLC increased its stake in Cameco by 1.6% during the 2nd quarter. Wealth Alliance LLC now owns 10,036 shares of the basic materials company’s stock valued at $745,000 after purchasing an additional 154 shares in the last quarter. Colonial Trust Advisors raised its holdings in Cameco by 0.3% in the second 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. Dynamic Advisor Solutions LLC raised its holdings in Cameco by 3.7% in the third quarter. Dynamic Advisor Solutions LLC now owns 4,967 shares of the basic materials company’s stock worth $417,000 after buying an additional 177 shares during the last quarter. Finally, Armstrong Advisory Group Inc. lifted its stake 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 worth $29,000 after buying an additional 182 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors.

Cameco Price Performance

NYSE CCJ opened at $93.40 on Wednesday. The business’s fifty day moving average is $90.43 and its 200 day moving average is $81.80. Cameco Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $110.15. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.85 and a current ratio of 2.99. The company has a market capitalization of $40.67 billion, a PE ratio of 108.60 and a beta of 1.07.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 15.24% and a return on equity of 8.58%. The firm’s quarterly revenue was down 14.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.01) earnings per share. Sell-side analysts predict that Cameco Corporation will post 1.27 earnings per share for the current year.

Cameco Increases Dividend

The company also recently disclosed 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 represents a dividend yield of 27.0%. The ex-dividend date was Monday, December 1st. This is a positive change from Cameco’s previous annual dividend of $0.12. Cameco’s payout ratio is 19.77%.

Analyst Ratings Changes

Several research firms recently commented on CCJ. Glj Research reiterated a “buy” rating and issued a $99.74 price objective on shares of Cameco in a report on Wednesday, December 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Cameco in a report on Monday. Wall Street Zen cut shares of Cameco from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Scotiabank reaffirmed an “outperform” rating on shares of Cameco in a research report on Wednesday, October 29th. Finally, Royal Bank Of Canada lowered their price target on Cameco from $160.00 to $150.00 and set an “outperform” rating on the stock in a report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $117.25.

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.