Cameco Corporation $CCJ Shares Sold by Fiera Capital Corp

Fiera Capital Corp decreased its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 36.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,567 shares of the basic materials company’s stock after selling 2,565 shares during the quarter. Fiera Capital Corp’s holdings in Cameco were worth $339,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CCJ. Alliancebernstein L.P. grew its stake in Cameco by 39.3% during the 1st quarter. Alliancebernstein L.P. now owns 14,048,244 shares of the basic materials company’s stock valued at $578,226,000 after purchasing an additional 3,959,837 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Cameco by 215.7% during the first quarter. Canada Pension Plan Investment Board now owns 2,031,332 shares of the basic materials company’s stock worth $83,636,000 after purchasing an additional 1,387,797 shares during the period. Temasek Holdings Private Ltd purchased a new stake in Cameco in the first quarter valued at approximately $55,513,000. Acadian Asset Management LLC increased its holdings in Cameco by 1,428.6% in the 2nd quarter. Acadian Asset Management LLC now owns 978,300 shares of the basic materials company’s stock worth $72,505,000 after buying an additional 914,300 shares during the period. Finally, Nuveen LLC purchased a new position in Cameco during the 1st quarter worth approximately $29,290,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

CCJ has been the topic of several recent research reports. The Goldman Sachs Group upped their price objective on shares of Cameco from $95.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Raymond James Financial upped their price target on shares of Cameco to $150.00 in a report on Wednesday, October 29th. National Bankshares reaffirmed an “outperform” rating on shares of Cameco in a research report on Thursday, November 6th. CLSA assumed coverage on Cameco in a report on Tuesday, September 9th. They issued an “outperform” rating and a $102.00 price objective for the company. Finally, UBS Group assumed coverage on Cameco in a report on Monday, November 10th. They set a “neutral” rating and a $140.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $113.75.

Cameco Trading Down 1.5%

Shares of Cameco stock opened at $84.69 on Friday. The firm has a 50-day simple moving average of $88.09 and a two-hundred day simple moving average of $75.02. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.00 and a current ratio of 2.96. Cameco Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $110.15. The company has a market cap of $36.87 billion, a P/E ratio of 97.34 and a beta of 0.98.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results 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). The business had revenue of $313.74 million for the quarter, compared to analyst estimates of $531.72 million. Cameco had a net margin of 14.97% and a return on equity of 8.21%. Cameco’s revenue was down 14.7% on a year-over-year basis. During the same quarter last year, the business earned ($0.01) earnings per share. Cameco has set its FY 2025 guidance at EPS. As a group, 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 will be paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st will be given a $0.24 dividend. This represents a dividend yield of 25.0%. This is a boost from Cameco’s previous annual dividend of $0.12. The ex-dividend date is Monday, December 1st. Cameco’s dividend payout ratio (DPR) is presently 19.77%.

About Cameco

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.