Cameco Corporation $CCJ Shares Sold by AGF Management Ltd.

AGF Management Ltd. reduced its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 30.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,355,730 shares of the basic materials company’s stock after selling 1,022,685 shares during the period. Cameco comprises 0.9% of AGF Management Ltd.’s investment portfolio, making the stock its 28th biggest position. AGF Management Ltd. owned approximately 0.54% of Cameco worth $197,657,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC increased its position in shares of Cameco by 3.1% in the third quarter. International Assets Investment Management LLC now owns 3,938 shares of the basic materials company’s stock valued at $330,000 after buying an additional 120 shares in the last quarter. Hager Investment Management Services LLC increased 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 valued at $2,274,000 after acquiring an additional 127 shares in the last quarter. Lee Johnson Capital Management LLC raised its position in 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 last quarter. Wealth Alliance LLC lifted its holdings in shares of 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 in the last quarter. Finally, Versant Capital Management Inc grew its position in shares of Cameco by 11.2% in the third quarter. Versant Capital Management Inc now owns 1,590 shares of the basic materials company’s stock valued at $133,000 after purchasing an additional 160 shares during the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Price Performance

CCJ stock opened at $123.35 on Monday. The stock has a 50-day simple moving average of $100.77 and a 200-day simple moving average of $89.34. The firm has a market cap of $53.71 billion, a P/E ratio of 143.43 and a beta of 0.99. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.85 and a current ratio of 2.99. Cameco Corporation has a 1 year low of $35.00 and a 1 year high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly 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). Cameco had a return on equity of 8.58% and a net margin of 15.24%.The firm had revenue of $313.74 million for the quarter, compared to analysts’ expectations of $531.72 million. During the same period last year, the firm earned ($0.01) EPS. The business’s quarterly revenue was down 14.7% on a year-over-year basis. On average, equities analysts predict 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. Shareholders of record on Monday, December 1st were issued a $0.24 dividend. This is a boost 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%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CCJ shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cameco in a report on Monday, December 29th. Zacks Research raised Cameco from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. National Bankshares reiterated an “outperform” rating on shares of Cameco in a research report on Thursday, November 6th. Glj Research restated a “buy” rating and issued a $99.74 target price on shares of Cameco in a report on Wednesday, December 3rd. Finally, UBS Group started coverage on shares of Cameco in a research note on Monday, November 10th. They set a “neutral” rating and a $140.00 price target on the stock. Two equities research 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, Cameco presently has a consensus rating of “Buy” and a consensus target price of $121.68.

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.