Cameco Corporation $CCJ Shares Bought by Swiss National Bank

Swiss National Bank increased its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 6.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,322,800 shares of the basic materials company’s stock after acquiring an additional 84,300 shares during the period. Swiss National Bank’s holdings in Cameco were worth $97,860,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in CCJ. MetLife Investment Management LLC acquired a new stake in shares of Cameco during the 1st quarter valued at $2,131,000. TD Asset Management Inc lifted its holdings in shares of Cameco by 3.7% during the second quarter. TD Asset Management Inc now owns 2,133,725 shares of the basic materials company’s stock valued at $158,141,000 after purchasing an additional 77,081 shares during the last quarter. Nwam LLC boosted its position in shares of Cameco by 11.7% in the 2nd quarter. Nwam LLC now owns 81,129 shares of the basic materials company’s stock valued at $6,304,000 after purchasing an additional 8,519 shares during the period. Northwest & Ethical Investments L.P. increased its stake in Cameco by 50.0% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 42,487 shares of the basic materials company’s stock worth $1,750,000 after purchasing an additional 14,154 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. raised its holdings in Cameco by 74.7% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 48,992 shares of the basic materials company’s stock worth $2,017,000 after buying an additional 20,947 shares during the period. Institutional investors own 70.21% of the company’s stock.

Cameco Stock Down 3.1%

CCJ opened at $79.43 on Friday. The business has a 50 day moving average of $88.52 and a 200-day moving average of $76.29. The stock has a market capitalization of $34.58 billion, a price-to-earnings ratio of 91.30 and a beta of 0.98. The company has a current ratio of 2.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.15. 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 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). Cameco had a net margin of 14.97% and a return on equity of 8.21%. The company had revenue of $313.74 million for the quarter, compared to analyst estimates of $531.72 million. Cameco’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.01) earnings per share. Cameco has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current year.

Cameco Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CCJ shares. UBS Group started coverage on Cameco in a report on Monday, November 10th. They issued a “neutral” rating and a $140.00 target price on the stock. The Goldman Sachs Group increased their target price 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. Scotiabank reissued an “outperform” rating on shares of Cameco in a research note on Wednesday, October 29th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Cameco in a research note on Friday, August 29th. Finally, Wall Street Zen cut Cameco from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Cameco currently has an average rating of “Moderate Buy” and an average target price of $113.75.

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.