Thompson Davis & CO. Inc. Purchases New Position in Cameco Corporation $CCJ

Thompson Davis & CO. Inc. acquired a new position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,425 shares of the basic materials company’s stock, valued at approximately $254,000.

Other large investors also recently modified their holdings of the company. Bison Wealth LLC lifted its position in Cameco by 16.1% during the 4th quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company’s stock valued at $1,102,000 after purchasing an additional 2,975 shares during the period. Envestnet Asset Management Inc. increased its stake in 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 purchasing an additional 179,387 shares in the last quarter. Cerity Partners LLC raised its holdings in Cameco by 10.8% in the first quarter. Cerity Partners LLC now owns 25,387 shares of the basic materials company’s stock worth $1,045,000 after purchasing an additional 2,479 shares during the period. Stephens Inc. AR boosted its position in shares of Cameco by 89.0% during the first quarter. Stephens Inc. AR now owns 12,366 shares of the basic materials company’s stock worth $509,000 after purchasing an additional 5,823 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Cameco by 43.7% in the 1st quarter. CWM LLC now owns 6,347 shares of the basic materials company’s stock valued at $261,000 after buying an additional 1,931 shares during the period. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Price Performance

Shares of NYSE CCJ opened at $86.00 on Friday. 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 moving average of $87.91 and a 200-day moving average of $74.54. The stock has a market capitalization of $37.45 billion, a price-to-earnings ratio of 98.85 and a beta of 0.98. Cameco Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $110.15.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.17). The company had revenue of $313.74 million for the quarter, compared to analyst estimates of $531.72 million. Cameco had a net margin of 14.97% and a return on equity of 8.21%. The business’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same period last year, the company posted ($0.01) earnings per share. Cameco has set its FY 2025 guidance at EPS. As a group, sell-side 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. Investors of record on Monday, December 1st will be issued a dividend of $0.24 per share. The ex-dividend date is Monday, December 1st. This is a positive change from Cameco’s previous annual dividend of $0.12. This represents a yield of 25.0%. Cameco’s dividend payout ratio is presently 19.77%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. BMO Capital Markets reiterated an “outperform” rating on shares of Cameco in a report on Friday, August 29th. National Bankshares reiterated an “outperform” rating on shares of Cameco in a report on Thursday, November 6th. The Goldman Sachs Group increased their target price on Cameco from $95.00 to $109.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. TD Securities restated a “buy” rating on shares of Cameco in a report on Tuesday, August 5th. Finally, UBS Group assumed coverage on shares of Cameco in a report on Monday. They issued a “neutral” rating and a $140.00 price target for the company. One equities research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.