L & S Advisors Inc Buys New Stake in Cameco Corporation $CCJ

L & S Advisors Inc bought a new stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 54,382 shares of the basic materials company’s stock, valued at approximately $4,037,000.

Other hedge funds have also modified their holdings of the company. Bison Wealth LLC raised 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 buying an additional 2,975 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Cameco by 66.9% during the first quarter. Envestnet Asset Management Inc. now owns 447,581 shares of the basic materials company’s stock worth $18,422,000 after purchasing an additional 179,387 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of Cameco by 10.8% during the 1st quarter. Cerity Partners LLC now owns 25,387 shares of the basic materials company’s stock worth $1,045,000 after purchasing an additional 2,479 shares during the period. Stephens Inc. AR lifted its stake in shares of Cameco by 89.0% during the first quarter. Stephens Inc. AR now owns 12,366 shares of the basic materials company’s stock worth $509,000 after purchasing an additional 5,823 shares in the last quarter. Finally, CWM LLC grew its position in shares of Cameco by 43.7% in the 1st quarter. CWM LLC now owns 6,347 shares of the basic materials company’s stock worth $261,000 after acquiring an additional 1,931 shares in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CCJ. Wall Street Zen lowered Cameco from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cameco in a research report on Wednesday, October 8th. Scotiabank reiterated an “outperform” rating on shares of Cameco in a report on Wednesday, October 29th. Royal Bank Of Canada cut their target price on Cameco from $160.00 to $150.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, President Capital upgraded Cameco from a “neutral” rating to a “buy” rating in a research report on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $113.75.

Cameco Stock Performance

NYSE:CCJ opened at $86.00 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.00 and a current ratio of 2.96. The firm’s 50-day moving average is $87.91 and its 200-day moving average is $74.54. Cameco Corporation has a 52-week low of $35.00 and a 52-week high of $110.15. The company has a market cap of $37.45 billion, a price-to-earnings ratio of 98.85 and a beta of 0.98.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly 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). Cameco had a net margin of 14.97% and a return on equity of 8.21%. The firm had revenue of $313.74 million during the quarter, compared to analyst estimates of $531.72 million. During the same period last year, the company earned ($0.01) EPS. The company’s revenue was down 14.7% on a year-over-year basis. Cameco has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current year.

Cameco Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Monday, December 1st will be issued a $0.24 dividend. This is a boost from Cameco’s previous annual dividend of $0.12. The ex-dividend date of this dividend is Monday, December 1st. This represents a yield of 25.0%. Cameco’s payout ratio is presently 19.77%.

Cameco Company Profile

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.