3,199 Shares in Cameco Corporation $CCJ Purchased by Vise Technologies Inc.

Vise Technologies Inc. acquired a new position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the 2nd quarter, HoldingsChannel reports. The fund acquired 3,199 shares of the basic materials company’s stock, valued at approximately $237,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Cameco by 1.8% in the first quarter. Vanguard Group Inc. now owns 17,084,358 shares of the basic materials company’s stock valued at $703,295,000 after acquiring an additional 300,088 shares in the last quarter. Alliancebernstein L.P. raised its stake in Cameco by 39.3% in the 1st quarter. Alliancebernstein L.P. now owns 14,048,244 shares of the basic materials company’s stock valued at $578,226,000 after purchasing an additional 3,959,837 shares during the last quarter. AGF Management Ltd. lifted its holdings in Cameco by 19.0% in the 1st quarter. AGF Management Ltd. now owns 4,037,646 shares of the basic materials company’s stock valued at $166,206,000 after purchasing an additional 644,413 shares in the last quarter. William Blair Investment Management LLC boosted its stake in Cameco by 15.1% during the 2nd 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 last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Cameco by 26.3% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,230,360 shares of the basic materials company’s stock worth $240,269,000 after buying an additional 672,605 shares in the last quarter. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. National Bankshares reissued an “outperform” rating on shares of Cameco in a research note on Thursday, November 6th. The Goldman Sachs Group increased their price objective on shares of Cameco from $95.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. CLSA assumed coverage on Cameco in a report on Tuesday, September 9th. They set an “outperform” rating and a $102.00 target price on the stock. Scotiabank restated an “outperform” rating on shares of Cameco in a research report on Wednesday, October 29th. Finally, Royal Bank Of Canada cut their price target on Cameco from $160.00 to $150.00 and set an “outperform” rating for the company in a report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $113.75.

Cameco Stock Performance

NYSE:CCJ opened at $82.97 on Tuesday. The company’s 50-day moving average is $88.20 and its two-hundred day moving average is $75.49. The firm has a market capitalization of $36.13 billion, a price-to-earnings ratio of 95.37 and a beta of 0.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.96 and a quick ratio of 2.00. Cameco Corporation has a 1-year low of $35.00 and a 1-year high of $110.15.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results 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). The firm had revenue of $313.74 million for the quarter, compared to analysts’ expectations of $531.72 million. Cameco had a net margin of 14.97% and a return on equity of 8.21%. The firm’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.01) EPS. Cameco has set its FY 2025 guidance at EPS. Analysts forecast that Cameco Corporation will post 1.27 EPS for the current year.

Cameco Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.24 per share. The ex-dividend date is Monday, December 1st. This represents a dividend yield of 25.0%. This is a boost from Cameco’s previous annual dividend of $0.12. Cameco’s dividend payout ratio (DPR) is currently 19.77%.

Cameco Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.