Insigneo Advisory Services LLC Lowers Stock Position in Cameco Corporation $CCJ

Insigneo Advisory Services LLC trimmed its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 44.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,172 shares of the basic materials company’s stock after selling 4,103 shares during the quarter. Insigneo Advisory Services LLC’s holdings in Cameco were worth $384,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CCJ. Alliancebernstein L.P. increased its holdings in shares of Cameco by 39.3% in the 1st quarter. Alliancebernstein L.P. now owns 14,048,244 shares of the basic materials company’s stock valued at $578,226,000 after acquiring an additional 3,959,837 shares during the period. Canada Pension Plan Investment Board boosted its position in Cameco by 215.7% during the first quarter. Canada Pension Plan Investment Board now owns 2,031,332 shares of the basic materials company’s stock valued at $83,636,000 after purchasing an additional 1,387,797 shares in the last quarter. Temasek Holdings Private Ltd purchased a new position in Cameco in the first quarter valued at about $55,513,000. Acadian Asset Management LLC grew its stake in Cameco by 1,428.6% in the second quarter. Acadian Asset Management LLC now owns 978,300 shares of the basic materials company’s stock valued at $72,505,000 after purchasing an additional 914,300 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Cameco during the first quarter valued at about $29,290,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CCJ. Royal Bank Of Canada cut their price objective on shares of Cameco from $160.00 to $150.00 and set an “outperform” rating on the stock in a research report on Thursday, November 13th. CLSA began coverage on shares of Cameco in a report on Tuesday, September 9th. They issued an “outperform” rating and a $102.00 price target on the stock. President Capital raised Cameco from a “neutral” rating to a “buy” rating in a research report on Monday, September 22nd. The Goldman Sachs Group increased their price objective on Cameco from $95.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, Raymond James Financial boosted their target price on Cameco to $150.00 in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $113.75.

Cameco Trading Up 1.8%

NYSE CCJ opened at $88.89 on Thursday. Cameco Corporation has a 12-month low of $35.00 and a 12-month high of $110.15. The company has a fifty day simple moving average of $88.75 and a two-hundred day simple moving average of $77.05. The company has a current ratio of 2.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.15. The stock has a market cap of $38.70 billion, a P/E ratio of 102.17 and a beta of 0.98.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Wednesday, November 5th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.17). The firm had revenue of $313.74 million during 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%. Cameco’s revenue was down 14.7% on a year-over-year basis. During the same period in the previous year, the company earned ($0.01) earnings per share. Cameco has set its FY 2025 guidance at EPS. On average, analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current year.

Cameco Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st will be paid a $0.24 dividend. 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 dividend yield of 25.0%. Cameco’s dividend payout ratio (DPR) 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.