CWA Asset Management Group LLC Sells 21,837 Shares of Cameco Corporation $CCJ

CWA Asset Management Group LLC decreased its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 9.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 221,284 shares of the basic materials company’s stock after selling 21,837 shares during the period. Cameco comprises approximately 0.7% of CWA Asset Management Group LLC’s portfolio, making the stock its 28th biggest holding. CWA Asset Management Group LLC’s holdings in Cameco were worth $18,557,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CCJ. Kercheville Advisors LLC raised its stake in shares of Cameco by 17.3% in the third quarter. Kercheville Advisors LLC now owns 44,737 shares of the basic materials company’s stock valued at $3,752,000 after buying an additional 6,600 shares during the period. Global Retirement Partners LLC grew its stake in shares of Cameco by 11.7% during the 3rd quarter. Global Retirement Partners LLC now owns 4,857 shares of the basic materials company’s stock worth $407,000 after acquiring an additional 508 shares during the period. Signaturefd LLC increased its holdings in Cameco by 3.8% in the 3rd quarter. Signaturefd LLC now owns 8,430 shares of the basic materials company’s stock worth $707,000 after acquiring an additional 311 shares during the last quarter. SteelPeak Wealth LLC bought a new stake in Cameco in the 3rd quarter valued at about $2,235,000. Finally, Tectonic Advisors LLC purchased a new stake in Cameco during the third quarter valued at about $946,000. 70.21% of the stock is owned by institutional investors.

Cameco Stock Performance

NYSE CCJ opened at $98.54 on Monday. 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 12-month low of $35.00 and a 12-month high of $110.15. The company has a 50-day simple moving average of $91.39 and a two-hundred day simple moving average of $83.26. The firm has a market cap of $42.91 billion, a price-to-earnings ratio of 114.59 and a beta of 1.01.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.05 EPS 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 for the quarter, compared to the consensus estimate of $531.72 million. During the same period last year, the company posted ($0.01) earnings per share. The business’s revenue was down 14.7% on a year-over-year basis. On average, equities analysts forecast 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. Investors of record on Monday, December 1st were given a dividend of $0.24 per share. This represents a dividend yield of 27.0%. This is an increase from Cameco’s previous annual dividend of $0.12. The ex-dividend date of this dividend was Monday, December 1st. Cameco’s payout ratio is 19.77%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CCJ shares. Glj Research reissued a “buy” rating and issued a $99.74 price target on shares of Cameco in a research report on Wednesday, December 3rd. National Bankshares reiterated an “outperform” rating on shares of Cameco in a research note on Thursday, November 6th. The Goldman Sachs Group increased their target price on Cameco from $95.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. UBS Group initiated coverage on Cameco in a research report on Monday, November 10th. They issued a “neutral” rating and a $140.00 price target for the company. Finally, Wall Street Zen cut Cameco from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cameco presently has an average rating of “Moderate Buy” and a consensus price target of $117.25.

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.