Cameco Corporation $CCJ Shares Bought by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP lifted its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 136.0% during the third quarter, Holdings Channel reports. The firm owned 35,094 shares of the basic materials company’s stock after purchasing an additional 20,221 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Cameco were worth $3,043,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. CX Institutional boosted its position in shares of Cameco by 2,181.2% in the 3rd quarter. CX Institutional now owns 365 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 349 shares during the period. Signature Equity Partners LLC boosted its holdings in shares of Cameco by 55.8% in the third quarter. Signature Equity Partners LLC now owns 444 shares of the basic materials company’s stock worth $38,000 after buying an additional 159 shares during the period. Western Wealth Management LLC acquired a new position in shares of Cameco in the first quarter worth about $39,000. Dunhill Financial LLC acquired a new position in shares of Cameco in the second quarter worth about $39,000. Finally, Trust Co. of Vermont purchased a new position in shares of Cameco in the second quarter worth approximately $39,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CCJ. Zacks Research upgraded shares of Cameco from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 3rd. Truist Financial decreased their price objective on shares of Cameco from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, October 22nd. Jefferies Financial Group assumed coverage on shares of Cameco in a research note on Thursday, September 3rd. They issued a “buy” rating and a $138.00 price objective for the company. Wall Street Zen cut shares of Cameco from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th. Finally, Citigroup reissued a “positive” rating on shares of Cameco in a research note on Wednesday, July 15th. Eleven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Cameco currently has an average rating of “Moderate Buy” and an average target price of $148.12.

Cameco Stock Up 5.5%

NYSE:CCJ opened at $75.25 on Tuesday. The firm has a market capitalization of $32.77 billion, a price-to-earnings ratio of 86.36, a PEG ratio of 1.59 and a beta of 1.18. Cameco Corporation has a 1-year low of $66.06 and a 1-year high of $135.24. The company has a current ratio of 2.55, a quick ratio of 2.10 and a debt-to-equity ratio of 0.14. The business’s fifty day moving average price is $86.77 and its 200 day moving average price is $102.92.

Cameco Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be paid a dividend of C$0.24 per share. This represents a yield of 22.0%. The ex-dividend date of this dividend is Monday, November 30th. Cameco’s payout ratio is 25.76%.

Cameco Profile