Cameco Co. (NYSE:CCJ) Shares Bought by De Lisle Partners LLP

De Lisle Partners LLP lifted its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 9.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 472,706 shares of the basic materials company’s stock after purchasing an additional 41,000 shares during the period. Cameco comprises 3.7% of De Lisle Partners LLP’s holdings, making the stock its 2nd biggest holding. De Lisle Partners LLP owned about 0.11% of Cameco worth $22,583,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Telemark Asset Management LLC raised its position in shares of Cameco by 8.3% during the third quarter. Telemark Asset Management LLC now owns 1,300,000 shares of the basic materials company’s stock worth $62,088,000 after purchasing an additional 100,000 shares during the period. Moody Lynn & Lieberson LLC acquired a new stake in Cameco during the 3rd quarter worth about $1,680,000. Tidal Investments LLC raised its holdings in Cameco by 15.5% during the 1st quarter. Tidal Investments LLC now owns 20,036 shares of the basic materials company’s stock worth $868,000 after buying an additional 2,683 shares during the period. Swiss National Bank lifted its stake in Cameco by 0.9% during the third quarter. Swiss National Bank now owns 1,314,400 shares of the basic materials company’s stock valued at $62,892,000 after buying an additional 11,600 shares in the last quarter. Finally, Country Club Bank acquired a new position in shares of Cameco in the third quarter worth about $2,093,000. 70.21% of the stock is currently owned by institutional investors.

Cameco Stock Down 1.4 %

Shares of Cameco stock opened at $57.81 on Thursday. The stock has a 50-day simple moving average of $52.73 and a 200-day simple moving average of $48.81. Cameco Co. has a 52-week low of $35.43 and a 52-week high of $60.98. The firm has a market cap of $25.16 billion, a price-to-earnings ratio of 304.28 and a beta of 0.89. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). Cameco had a net margin of 4.15% and a return on equity of 3.33%. The business had revenue of $721.00 million during the quarter, compared to analyst estimates of $646.83 million. During the same quarter last year, the firm earned $0.24 earnings per share. Cameco’s revenue was up 25.4% compared to the same quarter last year. On average, equities research analysts expect that Cameco Co. will post 0.7 earnings per share for the current fiscal year.

Cameco Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.118 per share. This represents a yield of 0.22%. This is an increase from Cameco’s previous annual dividend of $0.09. The ex-dividend date of this dividend is Wednesday, November 27th. Cameco’s dividend payout ratio is presently 47.37%.

Wall Street Analyst Weigh In

CCJ has been the subject of several research analyst reports. National Bank Financial upgraded shares of Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. Glj Research restated a “buy” rating and set a $63.73 price objective on shares of Cameco in a research report on Wednesday, August 14th. Cantor Fitzgerald raised shares of Cameco from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 31st. Scotiabank decreased their price target on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Finally, Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, five have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $66.56.

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.