River Wealth Advisors LLC Has $2.30 Million Stake in Cameco Corporation $CCJ

River Wealth Advisors LLC raised its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 67.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,939 shares of the basic materials company’s stock after buying an additional 12,449 shares during the quarter. River Wealth Advisors LLC’s holdings in Cameco were worth $2,297,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Cameco by 2.8% in the second quarter. Vanguard Group Inc. now owns 17,565,529 shares of the basic materials company’s stock worth $1,304,504,000 after purchasing an additional 481,171 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Cameco by 39.3% in the 1st quarter. Alliancebernstein L.P. now owns 14,048,244 shares of the basic materials company’s stock worth $578,226,000 after buying an additional 3,959,837 shares in the last quarter. Norges Bank acquired a new stake in Cameco in the 2nd quarter valued at $341,736,000. AGF Management Ltd. grew its position in Cameco by 19.0% in the first quarter. AGF Management Ltd. now owns 4,037,646 shares of the basic materials company’s stock valued at $166,206,000 after acquiring an additional 644,413 shares during the period. Finally, William Blair Investment Management LLC raised its stake in Cameco by 15.1% during the second quarter. William Blair Investment Management LLC now owns 3,869,291 shares of the basic materials company’s stock worth $287,217,000 after acquiring an additional 506,667 shares in the last quarter. 70.21% of the stock is owned by institutional investors.

Cameco Stock Up 0.9%

Shares of CCJ opened at $88.29 on Wednesday. The firm has a market capitalization of $38.44 billion, a price-to-earnings ratio of 102.66 and a beta of 1.07. Cameco Corporation has a 52 week low of $35.00 and a 52 week high of $110.15. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.85 and a current ratio of 2.99. The business’s fifty day moving average price is $88.98 and its two-hundred day moving average price is $78.26.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.05 earnings per share 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 the consensus estimate of $531.72 million. Cameco had a return on equity of 8.58% and a net margin of 15.24%.The business’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.01) earnings per share. On average, analysts predict that Cameco Corporation will post 1.27 earnings per share for the current year.

Cameco Increases Dividend

The business also recently declared an annual dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st will be paid a $0.24 dividend. This is an increase from Cameco’s previous annual dividend of $0.12. The ex-dividend date of this dividend is Monday, December 1st. This represents a dividend yield of 27.0%. Cameco’s dividend payout ratio (DPR) is currently 19.77%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. CLSA assumed coverage on shares of Cameco in a report on Tuesday, September 9th. They set an “outperform” rating and a $102.00 price target for the company. Scotiabank reiterated an “outperform” rating on shares of Cameco in a research note on Wednesday, October 29th. Raymond James Financial boosted their target price on Cameco to $150.00 in a report on Wednesday, October 29th. TD Securities reaffirmed a “buy” rating on shares of Cameco in a report on Tuesday, August 5th. Finally, President Capital upgraded Cameco from a “neutral” rating to a “buy” rating in a research report on Monday, September 22nd. One research 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $113.75.

Cameco Company 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.