Game Creek Capital LP Sells 13,625 Shares of Cameco Corporation $CCJ

Game Creek Capital LP lowered its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 32.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,875 shares of the basic materials company’s stock after selling 13,625 shares during the period. Game Creek Capital LP’s holdings in Cameco were worth $2,143,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CCJ. Hager Investment Management Services LLC boosted its position in shares of 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. Wealth Alliance LLC lifted its stake in Cameco by 1.6% during the second quarter. Wealth Alliance LLC now owns 10,036 shares of the basic materials company’s stock worth $745,000 after purchasing an additional 154 shares during the period. Colonial Trust Advisors boosted its holdings in Cameco by 0.3% during the second quarter. Colonial Trust Advisors now owns 59,753 shares of the basic materials company’s stock valued at $4,435,000 after purchasing an additional 172 shares in the last quarter. Signaturefd LLC boosted its holdings in Cameco by 2.4% during the second quarter. Signaturefd LLC now owns 8,119 shares of the basic materials company’s stock valued at $603,000 after purchasing an additional 191 shares in the last quarter. Finally, Belpointe Asset Management LLC grew its stake in shares of Cameco by 1.0% in the 2nd quarter. Belpointe Asset Management LLC now owns 21,858 shares of the basic materials company’s stock valued at $1,623,000 after purchasing an additional 206 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. The Goldman Sachs Group raised their target price on Cameco from $95.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Royal Bank Of Canada reduced their target price on shares of Cameco from $160.00 to $150.00 and set an “outperform” rating on the stock in a research note on Thursday, November 13th. Glj Research reaffirmed a “buy” rating and issued a $99.74 target price on shares of Cameco in a report on Wednesday, December 3rd. Scotiabank reissued an “outperform” rating on shares of Cameco in a report on Wednesday, October 29th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Cameco in a research note on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Cameco presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.25.

Cameco Stock Down 4.3%

Shares of NYSE:CCJ opened at $91.58 on Friday. The company has a quick ratio of 1.85, a current ratio of 2.99 and a debt-to-equity ratio of 0.15. The firm has a market cap of $39.87 billion, a P/E ratio of 106.49 and a beta of 1.07. Cameco Corporation has a 12 month low of $35.00 and a 12 month high of $110.15. The company’s 50-day moving average price is $90.29 and its two-hundred day moving average price is $80.05.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Wednesday, November 5th. The basic materials company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.17). Cameco had a return on equity of 8.58% and a net margin of 15.24%.The company had revenue of $313.74 million during the quarter, compared to the consensus estimate of $531.72 million. During the same period in the prior year, the firm posted ($0.01) earnings per share. The company’s revenue was down 14.7% on a year-over-year basis. As a group, research analysts forecast that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Cameco Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Monday, December 1st will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a yield of 27.0%. This is a positive change from Cameco’s previous annual dividend of $0.12. Cameco’s dividend payout ratio (DPR) is currently 19.77%.

Cameco 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.