Phoenix Financial Ltd. Sells 26,346 Shares of Cameco Corporation $CCJ

Phoenix Financial Ltd. cut its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 36.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,857 shares of the basic materials company’s stock after selling 26,346 shares during the quarter. Phoenix Financial Ltd.’s holdings in Cameco were worth $3,929,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Consulate Inc. bought a new position in Cameco in the third quarter worth $25,000. Trust Co. of Vermont boosted its position in shares of 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 acquiring an additional 350 shares in the last quarter. Armstrong Advisory Group Inc. increased its stake in Cameco by 110.3% in the third quarter. Armstrong Advisory Group Inc. now owns 347 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 182 shares during the period. Hilltop National Bank acquired a new position in Cameco in the second quarter worth about $30,000. Finally, VSM Wealth Advisory LLC bought a new position in Cameco during the second quarter worth about $35,000. 70.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Sanford C. Bernstein upped their price target on Cameco from $100.00 to $101.00 and gave the company an “outperform” rating in a research report on Wednesday, January 7th. Wall Street Zen lowered Cameco from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Cameco in a research report on Monday, December 29th. Raymond James Financial reaffirmed an “outperform” rating on shares of Cameco in a research note on Wednesday, January 14th. Finally, The Goldman Sachs Group increased their price target on shares of Cameco from $95.00 to $109.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Cameco presently has an average rating of “Buy” and a consensus price target of $121.68.

Cameco Stock Performance

Cameco stock opened at $125.71 on Wednesday. The company has a market cap of $54.74 billion, a PE ratio of 146.18 and a beta of 1.01. 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 1 year low of $35.00 and a 1 year high of $128.40. The company’s 50-day moving average is $97.91 and its two-hundred day moving average is $88.18.

Cameco (NYSE:CCJ) (TSE:CCO) last issued 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 15.24% and a return on equity of 8.58%. The business had revenue of $313.74 million for the quarter, compared to the consensus estimate of $531.72 million. During the same quarter in the previous year, the firm posted ($0.01) EPS. The business’s revenue was down 14.7% on a year-over-year basis. Equities analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current year.

Cameco Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Tuesday, December 16th. Investors of record on Monday, December 1st were issued a dividend of $0.24 per share. The ex-dividend date was Monday, December 1st. This is a positive change from Cameco’s previous annual dividend of $0.12. This represents a dividend yield of 27.0%. Cameco’s dividend payout ratio (DPR) is 19.77%.

Cameco Company Profile

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.