Whalen Wealth Management Inc. Takes $445,000 Position in Cameco Co. (NYSE:CCJ)

Whalen Wealth Management Inc. bought a new stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,656 shares of the basic materials company’s stock, valued at approximately $445,000.

Other institutional investors also recently added to or reduced their stakes in the company. MinichMacGregor Wealth Management LLC boosted its position in shares of Cameco by 19.2% during the 4th quarter. MinichMacGregor Wealth Management LLC now owns 6,068 shares of the basic materials company’s stock worth $312,000 after acquiring an additional 976 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Cameco by 98.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 91,767 shares of the basic materials company’s stock valued at $4,716,000 after purchasing an additional 45,549 shares in the last quarter. Dakota Wealth Management boosted its holdings in Cameco by 1.3% in the fourth quarter. Dakota Wealth Management now owns 33,725 shares of the basic materials company’s stock valued at $1,733,000 after purchasing an additional 437 shares in the last quarter. Simon Quick Advisors LLC purchased a new position in Cameco in the fourth quarter valued at approximately $212,000. Finally, Mitsubishi UFJ Asset Management UK Ltd. purchased a new stake in shares of Cameco during the 4th quarter worth approximately $617,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Price Performance

Shares of NYSE CCJ opened at $56.38 on Thursday. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The stock has a market cap of $24.54 billion, a P/E ratio of 296.73 and a beta of 0.95. The stock has a 50 day moving average of $54.50 and a two-hundred day moving average of $49.27. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Thursday, November 7th. The basic materials company reported ($0.01) EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $646.83 million. During the same quarter last year, the company earned $0.24 EPS. The firm’s revenue for the quarter was up 25.4% compared to the same quarter last year. On average, research analysts forecast that Cameco Co. will post 0.47 earnings per share for the current year.

Cameco Increases Dividend

The business also recently declared an annual dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were issued a dividend of $0.118 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a dividend yield of 0.22%. This is a positive change from Cameco’s previous annual dividend of $0.09. Cameco’s dividend payout ratio (DPR) is currently 63.16%.

Analysts Set New Price Targets

Separately, Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a research report on Friday, October 4th. One research 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’s stock. According to data from MarketBeat.com, Cameco presently has a consensus rating of “Buy” and a consensus target price 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.