Cameco Corporation $CCJ Shares Purchased by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. lifted its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 15.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 39,700 shares of the basic materials company’s stock after buying an additional 5,350 shares during the period. Triasima Portfolio Management inc.’s holdings in Cameco were worth $3,333,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Bison Wealth LLC grew its position in shares of Cameco by 16.1% in the fourth 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 last quarter. AQR Capital Management LLC grew its holdings in Cameco by 16.6% during the 1st quarter. AQR Capital Management LLC now owns 9,547 shares of the basic materials company’s stock valued at $393,000 after buying an additional 1,361 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in Cameco by 48.7% during the first quarter. Integrated Wealth Concepts LLC now owns 8,485 shares of the basic materials company’s stock worth $349,000 after buying an additional 2,780 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Cameco by 11.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 604,841 shares of the basic materials company’s stock worth $24,895,000 after acquiring an additional 64,512 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Cameco by 74.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,310 shares of the basic materials company’s stock valued at $1,051,000 after acquiring an additional 6,127 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on CCJ. Zacks Research upgraded shares of Cameco from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 14th. Sanford C. Bernstein boosted their price target on Cameco from $100.00 to $101.00 and gave the company an “outperform” rating in a report on Wednesday, January 7th. National Bankshares reissued an “outperform” rating on shares of Cameco in a research note on Thursday, November 6th. The Goldman Sachs Group lifted their price objective on Cameco from $95.00 to $109.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, Wall Street Zen lowered Cameco from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $121.68.

Cameco Trading Down 0.2%

Shares of CCJ opened at $116.17 on Tuesday. Cameco Corporation has a 12 month low of $35.00 and a 12 month high of $118.54. The stock’s 50-day moving average is $93.74 and its two-hundred day moving average is $86.10. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.99 and a quick ratio of 1.85. The stock has a market cap of $50.59 billion, a PE ratio of 135.02 and a beta of 1.01.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.05 earnings per share (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 firm had revenue of $313.74 million for the quarter, compared to analysts’ expectations of $531.72 million. During the same quarter in the prior year, the business earned ($0.01) EPS. The company’s revenue for the quarter was down 14.7% on a year-over-year basis. Equities analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Cameco Increases Dividend

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