Fiera Capital Corp Reduces Position in Cameco Corporation $CCJ

Fiera Capital Corp trimmed its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 36.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,567 shares of the basic materials company’s stock after selling 2,565 shares during the quarter. Fiera Capital Corp’s holdings in Cameco were worth $339,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Manchester Capital Management LLC increased its stake in Cameco by 100.0% in the first quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 300 shares during the period. Dagco Inc. bought a new position in shares of Cameco in the first quarter worth about $28,000. SVB Wealth LLC purchased a new position in Cameco in the 1st quarter worth about $29,000. Trust Co. of Vermont lifted its holdings in Cameco by 1,029.4% during the 2nd quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company’s stock valued at $29,000 after buying an additional 350 shares in the last quarter. Finally, Hilltop National Bank bought a new stake in Cameco during the 2nd quarter valued at about $30,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Scotiabank reiterated an “outperform” rating on shares of Cameco in a report on Wednesday, October 29th. Royal Bank Of Canada dropped their price target on Cameco from $160.00 to $150.00 and set an “outperform” rating on the stock in a research report on Thursday. UBS Group started coverage on Cameco in a research note on Monday, November 10th. They set a “neutral” rating and a $140.00 price target on the stock. National Bankshares reaffirmed an “outperform” rating on shares of Cameco in a research note on Thursday, November 6th. Finally, President Capital upgraded shares of Cameco from a “neutral” rating to a “buy” rating in a report on Monday, September 22nd. One 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $113.75.

Cameco Price Performance

CCJ opened at $84.69 on Friday. The firm has a market capitalization of $36.87 billion, a PE ratio of 97.34 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. The business’s 50-day moving average is $88.09 and its two-hundred day moving average is $75.02. Cameco Corporation has a 1 year low of $35.00 and a 1 year high of $110.15.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.17). Cameco had a return on equity of 8.21% and a net margin of 14.97%.The firm had revenue of $313.74 million during the quarter, compared to analysts’ expectations of $531.72 million. During the same period in the previous year, the firm earned ($0.01) EPS. The firm’s quarterly revenue was down 14.7% on a year-over-year basis. Cameco has set its FY 2025 guidance at EPS. Research analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Cameco Increases Dividend

The firm also recently disclosed 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.