48,794 Shares in Cameco Corporation $CCJ Purchased by Renaissance Investment Group LLC

Renaissance Investment Group LLC acquired a new stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 48,794 shares of the basic materials company’s stock, valued at approximately $4,092,000.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Cameco by 2.8% in the second quarter. Vanguard Group Inc. now owns 17,565,529 shares of the basic materials company’s stock valued at $1,304,504,000 after buying an additional 481,171 shares during the period. Alliancebernstein L.P. raised its holdings in Cameco by 39.3% in 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 acquiring an additional 3,959,837 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of Cameco by 41.4% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,076,815 shares of the basic materials company’s stock valued at $524,988,000 after acquiring an additional 2,071,373 shares during the period. Norges Bank bought a new stake in shares of Cameco during the 2nd quarter valued at $341,736,000. Finally, William Blair Investment Management LLC lifted its position in Cameco by 15.1% during the second quarter. William Blair Investment Management LLC now owns 3,869,291 shares of the basic materials company’s stock worth $287,217,000 after purchasing an additional 506,667 shares during the period. 70.21% of the stock is owned by institutional investors.

Cameco Stock Down 3.2%

Shares of NYSE:CCJ opened at $86.95 on Wednesday. Cameco Corporation has a 52-week low of $35.00 and a 52-week high of $110.15. The company has a market capitalization of $37.86 billion, a PE ratio of 101.11 and a beta of 1.07. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.85 and a current ratio of 2.99. The company has a fifty day moving average of $90.38 and a 200-day moving average of $80.75.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Wednesday, November 5th. The basic materials company reported $0.05 earnings per share (EPS) 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 firm had revenue of $313.74 million during the quarter, compared to analyst estimates of $531.72 million. During the same period in the previous year, the company earned ($0.01) EPS. Cameco’s revenue for the quarter was down 14.7% on a year-over-year basis. On average, equities analysts predict that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Cameco Increases Dividend

The firm also recently announced an annual dividend, which was paid on Tuesday, December 16th. Investors of record on Monday, December 1st were given a dividend of $0.24 per share. The ex-dividend date was Monday, December 1st. This represents a yield of 27.0%. This is a boost from Cameco’s previous annual dividend of $0.12. Cameco’s dividend payout ratio is 19.77%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Scotiabank restated an “outperform” rating on shares of Cameco in a research report on Wednesday, October 29th. Weiss Ratings restated a “hold (c)” rating on shares of Cameco in a research report on Monday, December 8th. UBS Group assumed coverage on Cameco in a report on Monday, November 10th. They issued a “neutral” rating and a $140.00 target price on the stock. Glj Research reiterated a “buy” rating and issued a $99.74 price target on shares of Cameco in a research note on Wednesday, December 3rd. Finally, BMO Capital Markets restated an “outperform” rating on shares of Cameco in a research report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.25.

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.