Cameco Corporation $CCJ Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 79.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 249,992 shares of the basic materials company’s stock after acquiring an additional 110,629 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Cameco were worth $20,964,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CCJ. Financial Consulate Inc. acquired a new stake in Cameco in the third quarter valued at about $25,000. Armstrong Advisory Group Inc. raised its stake in shares of Cameco by 110.3% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 347 shares of the basic materials company’s stock worth $29,000 after buying an additional 182 shares in the last quarter. Trust Co. of Vermont raised its stake in shares of Cameco by 1,029.4% during the 2nd quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company’s stock worth $29,000 after buying an additional 350 shares in the last quarter. Hilltop National Bank acquired a new stake in shares of Cameco in the 2nd quarter valued at approximately $30,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of Cameco in the third quarter valued at approximately $37,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CCJ shares. The Goldman Sachs Group upped their price objective on Cameco from $95.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Glj Research reaffirmed a “buy” rating and set a $99.74 price target on shares of Cameco in a research note on Wednesday, December 3rd. Scotiabank reiterated an “outperform” rating on shares of Cameco in a report on Wednesday, October 29th. Zacks Research raised shares of Cameco from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 14th. Finally, Sanford C. Bernstein upped their target price on shares of Cameco from $100.00 to $101.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 7th. 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $121.68.

Cameco Trading Down 0.4%

NYSE:CCJ opened at $133.59 on Friday. Cameco Corporation has a 52-week low of $35.00 and a 52-week high of $135.24. The company has a quick ratio of 1.85, a current ratio of 2.99 and a debt-to-equity ratio of 0.15. The stock has a fifty day simple moving average of $99.89 and a 200-day simple moving average of $88.82. The company has a market capitalization of $58.17 billion, a PE ratio of 155.34 and a beta of 1.01.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.17). Cameco had a net margin of 15.24% and a return on equity of 8.58%. The business had revenue of $313.74 million during the quarter, compared to analyst estimates of $531.72 million. During the same period in the previous year, the company posted ($0.01) earnings per share. Cameco’s revenue was down 14.7% on a year-over-year basis. On average, equities research analysts expect that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Cameco Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st were paid a dividend of $0.24 per share. This is a positive change from Cameco’s previous annual dividend of $0.12. The ex-dividend date of this dividend was Monday, December 1st. This represents a dividend yield of 27.0%. Cameco’s dividend payout ratio is 19.77%.

Cameco Company Profile

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.