Vestmark Advisory Solutions Inc. Trims Stock Holdings in Cameco Corporation $CCJ

Vestmark Advisory Solutions Inc. cut its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 60.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,165 shares of the basic materials company’s stock after selling 12,423 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Cameco were worth $606,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CCJ. Bison Wealth LLC boosted its stake in Cameco by 16.1% during the 4th quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company’s stock worth $1,102,000 after purchasing an additional 2,975 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Cameco by 66.9% in the first quarter. Envestnet Asset Management Inc. now owns 447,581 shares of the basic materials company’s stock valued at $18,422,000 after buying an additional 179,387 shares during the last quarter. Axxcess Wealth Management LLC acquired a new stake in shares of Cameco during the first quarter worth about $215,000. Cerity Partners LLC boosted its stake in shares of Cameco by 10.8% during the first quarter. Cerity Partners LLC now owns 25,387 shares of the basic materials company’s stock worth $1,045,000 after buying an additional 2,479 shares during the period. Finally, Ballentine Partners LLC grew its holdings in shares of Cameco by 35.9% during the first quarter. Ballentine Partners LLC now owns 8,348 shares of the basic materials company’s stock worth $344,000 after buying an additional 2,207 shares during the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the company. Scotiabank reaffirmed an “outperform” rating on shares of Cameco in a research note on Wednesday, October 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Cameco in a report on Wednesday, October 8th. TD Securities reaffirmed a “buy” rating on shares of Cameco in a report on Tuesday, August 5th. CLSA assumed coverage on shares of Cameco in a research report on Tuesday, September 9th. They issued an “outperform” rating and a $102.00 price objective on the stock. Finally, UBS Group started coverage on shares of Cameco in a research note on Monday. They issued a “neutral” rating and a $140.00 price objective on the stock. One research 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.04.

Cameco Stock Down 1.9%

CCJ opened at $92.49 on Wednesday. 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 has a 50 day simple moving average of $87.41 and a 200-day simple moving average of $74.33. The stock has a market capitalization of $40.27 billion, a P/E ratio of 106.31 and a beta of 0.98. Cameco Corporation has a 12 month low of $35.00 and a 12 month high of $110.15.

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 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 business had revenue of $313.74 million for the quarter, compared to analyst estimates of $531.72 million. During the same period in the prior year, the company earned ($0.01) EPS. The company’s revenue was down 14.7% on a year-over-year basis. Cameco has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current fiscal 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 issued a $0.24 dividend. 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 payout ratio is 19.77%.

About Cameco

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.