Metis Global Partners LLC Acquires 1,410 Shares of Cameco Corporation $CCJ

Metis Global Partners LLC grew its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 6.1% during the second quarter, HoldingsChannel.com reports. The firm owned 24,354 shares of the basic materials company’s stock after acquiring an additional 1,410 shares during the quarter. Metis Global Partners LLC’s holdings in Cameco were worth $1,809,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CCJ. Vanguard Group Inc. increased its stake in Cameco by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 17,084,358 shares of the basic materials company’s stock worth $703,295,000 after buying an additional 300,088 shares during the period. Alliancebernstein L.P. grew its stake in 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 acquiring an additional 3,959,837 shares in the last quarter. AGF Management Ltd. grew its stake in Cameco by 19.0% in the 1st quarter. AGF Management Ltd. now owns 4,037,646 shares of the basic materials company’s stock worth $166,206,000 after acquiring an additional 644,413 shares in the last quarter. William Blair Investment Management LLC increased its position in shares of 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 during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of Cameco by 20.6% during the first quarter. Ameriprise Financial Inc. now owns 3,048,732 shares of the basic materials company’s stock valued at $125,533,000 after acquiring an additional 521,492 shares in the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on CCJ shares. TD Securities reissued a “buy” rating on shares of Cameco in a research note on Tuesday, August 5th. BMO Capital Markets reissued an “outperform” rating on shares of Cameco in a research report on Friday, August 29th. Raymond James Financial raised their price target on Cameco to $150.00 in a research note on Wednesday, October 29th. Weiss Ratings restated a “hold (c+)” rating on shares of Cameco in a report on Wednesday, October 8th. Finally, National Bankshares reiterated an “outperform” rating on shares of Cameco in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cameco currently has a consensus rating of “Moderate Buy” and an average price target of $108.04.

Cameco Trading Up 2.1%

Shares of NYSE:CCJ opened at $94.22 on Tuesday. The company has a market capitalization of $41.02 billion, a PE ratio of 108.30 and a beta of 0.98. The company has a current ratio of 2.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.15. Cameco Corporation has a 12-month low of $35.00 and a 12-month high of $110.15. The business’s fifty day simple moving average is $87.07 and its 200-day simple moving average is $73.99.

Cameco (NYSE:CCJ) (TSE:CCO) last issued 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 net margin of 14.97% and a return on equity of 8.21%. The company had revenue of $313.74 million for the quarter, compared to the consensus estimate of $531.72 million. During the same period in the previous year, the business earned ($0.01) EPS. Cameco’s revenue for the quarter was down 14.7% compared to the same quarter last year. Cameco has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Cameco Increases Dividend

The company also recently announced an annual dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Monday, December 1st will be paid a $0.24 dividend. This represents a yield of 25.0%. This is a positive change from Cameco’s previous annual dividend of $0.12. The ex-dividend date is Monday, December 1st. Cameco’s payout ratio is 13.95%.

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.