10,076 Shares in Cameco Corporation $CCJ Acquired by Whitaker Myers Wealth Managers LTD.

Whitaker Myers Wealth Managers LTD. purchased a new stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,076 shares of the basic materials company’s stock, valued at approximately $845,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CCJ. SVB Wealth LLC purchased a new stake in shares of Cameco during the first quarter valued at $29,000. Trust Co. of Vermont raised its stake in Cameco by 1,029.4% in the 2nd quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 350 shares during the last quarter. Armstrong Advisory Group Inc. lifted its position in Cameco by 110.3% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 347 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 182 shares during the period. Hilltop National Bank purchased a new stake in Cameco during the 2nd quarter valued at about $30,000. Finally, Atticus Wealth Management LLC purchased a new stake in Cameco during the 2nd quarter valued at about $34,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Trading Up 0.2%

Shares of NYSE:CCJ opened at $93.63 on Friday. The company has a current ratio of 2.99, a quick ratio of 1.85 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 business has a 50 day moving average of $90.49 and a two-hundred day moving average of $81.96. The company has a market capitalization of $40.77 billion, a PE ratio of 108.87 and a beta of 1.07.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results 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 for the quarter, compared to analysts’ expectations of $531.72 million. During the same period last year, the firm earned ($0.01) earnings per share. Cameco’s revenue for the quarter was down 14.7% compared to the same quarter last year. As a group, analysts forecast that Cameco Corporation will post 1.27 EPS for the current year.

Cameco Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Tuesday, December 16th. Shareholders of record on Monday, December 1st were given a $0.24 dividend. 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 was Monday, December 1st. Cameco’s payout ratio is currently 19.77%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CCJ. Scotiabank restated an “outperform” rating on shares of Cameco in a research note on Wednesday, October 29th. The Goldman Sachs Group raised their price target on shares of Cameco from $95.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Wall Street Zen cut shares of Cameco from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. UBS Group assumed coverage on shares of Cameco in a report on Monday, November 10th. They issued a “neutral” rating and a $140.00 price objective on the stock. Finally, CLSA assumed coverage on shares of Cameco in a research note on Tuesday, September 9th. They issued an “outperform” rating and a $102.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cameco has a consensus rating of “Moderate Buy” and a consensus price target 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.