NWF Advisory Services Inc. Makes New $2 Million Investment in Cameco Corporation $CCJ

NWF Advisory Services Inc. bought a new position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 23,803 shares of the basic materials company’s stock, valued at approximately $1,996,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CCJ. International Assets Investment Management LLC raised its stake in shares of Cameco by 3.1% in the 3rd quarter. International Assets Investment Management LLC now owns 3,938 shares of the basic materials company’s stock valued at $330,000 after acquiring an additional 120 shares during the period. Hager Investment Management Services LLC lifted its holdings in Cameco by 0.4% during the 2nd quarter. Hager Investment Management Services LLC now owns 30,628 shares of the basic materials company’s stock worth $2,274,000 after buying an additional 127 shares in the last quarter. Lee Johnson Capital Management LLC increased its position in shares of Cameco by 1.2% during the third quarter. Lee Johnson Capital Management LLC now owns 10,770 shares of the basic materials company’s stock worth $903,000 after acquiring an additional 127 shares during the period. Wealth Alliance LLC boosted its holdings in Cameco by 1.6% in the second quarter. Wealth Alliance LLC now owns 10,036 shares of the basic materials company’s stock valued at $745,000 after purchasing an additional 154 shares during the period. Finally, Versant Capital Management Inc increased its holdings in Cameco by 11.2% during the 3rd quarter. Versant Capital Management Inc now owns 1,590 shares of the basic materials company’s stock worth $133,000 after purchasing an additional 160 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CCJ shares. Sanford C. Bernstein increased their price objective on Cameco from $100.00 to $101.00 and gave the company an “outperform” rating in a report on Wednesday, January 7th. Glj Research reiterated a “buy” rating and issued a $99.74 price objective on shares of Cameco in a research report on Wednesday, December 3rd. The Goldman Sachs Group raised their target price on Cameco from $95.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Cameco in a research report on Monday, December 29th. Finally, Royal Bank Of Canada dropped their price objective on Cameco from $160.00 to $150.00 and set an “outperform” rating for the company in a research report on Thursday, November 13th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Cameco currently has a consensus rating of “Buy” and an average price target of $121.68.

Cameco Stock Performance

Shares of NYSE CCJ opened at $121.18 on Tuesday. The stock has a 50 day simple moving average of $97.06 and a 200-day simple moving average of $87.81. The company has a market cap of $52.77 billion, a PE ratio of 140.91 and a beta of 1.01. The company has a current ratio of 2.99, a quick ratio of 1.85 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 $128.40.

Cameco (NYSE:CCJ) (TSE:CCO) last released its 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 business had revenue of $313.74 million for the quarter, compared to analyst estimates of $531.72 million. Cameco had a net margin of 15.24% and a return on equity of 8.58%. The firm’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same period in the prior year, the company earned ($0.01) earnings per share. On average, equities research analysts forecast that Cameco Corporation will post 1.27 EPS for the current year.

Cameco Increases Dividend

The business also recently announced an annual dividend, which was paid on Tuesday, December 16th. Investors of record on Monday, December 1st were paid a $0.24 dividend. The ex-dividend date was Monday, December 1st. This is a boost from Cameco’s previous annual dividend of $0.12. This represents a dividend yield of 27.0%. Cameco’s dividend payout ratio is 19.77%.

About Cameco

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long?term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.