Cameco Corporation $CCJ Stock: Ethic Inc. Raises Position

Ethic Inc. raised its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 44.4% during the 3rd quarter, Holdings Channel reports. The firm owned 23,256 shares of the basic materials company’s stock after buying 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.

Several other institutional investors also recently bought and sold shares of the business. Wellington Management Group LLP acquired a new position in Cameco during the second quarter worth $212,908,000. Amundi lifted its holdings in Cameco by 13.7% during the second quarter. Amundi now owns 2,992,074 shares of the basic materials company’s stock valued at $304,773,000 after purchasing an additional 359,375 shares in the last quarter. Temasek Holdings Private Ltd acquired a new stake in shares of Cameco in the first quarter valued at about $70,851,000. Bank of America Corp DE acquired a new stake in shares of Cameco in the second quarter valued at about $735,498,000. Finally, Royal London Asset Management Ltd. grew its position in shares of Cameco by 74.6% in the second quarter. Royal London Asset Management Ltd. now owns 275,141 shares of the basic materials company’s stock valued at $28,026,000 after purchasing an additional 117,592 shares during the period. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Stock Up 1.9%

NYSE CCJ opened at $74.25 on Thursday. Cameco Corporation has a 52 week low of $66.06 and a 52 week high of $135.24. The company has a quick ratio of 1.62, a current ratio of 2.55 and a debt-to-equity ratio of 0.14. The business’s fifty day simple moving average is $85.81 and its 200-day simple moving average is $102.42. The firm has a market cap of $32.34 billion, a PE ratio of 87.79, a P/E/G ratio of 1.84 and a beta of 1.18.

Cameco Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on CCJ. Barclays cut their target price on shares of Cameco from $95.00 to $89.00 and set an “equal weight” rating for the company in a research note on Monday, November 2nd. Paradigm Capital assumed coverage on shares of Cameco in a research note on Monday. They issued a “moderate buy” rating on the stock. Zacks Research upgraded Cameco from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 3rd. Citigroup reiterated a “positive” rating on shares of Cameco in a research note on Wednesday, July 15th. Finally, Wall Street Zen downgraded Cameco from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Cameco currently has a consensus rating of “Moderate Buy” and an average target price of $148.12.

Cameco Company 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.