Cameco Corporation $CCJ Shares Bought by Kercheville Advisors LLC

Kercheville Advisors LLC lifted its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 17.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 44,737 shares of the basic materials company’s stock after buying an additional 6,600 shares during the quarter. Cameco accounts for approximately 1.1% of Kercheville Advisors LLC’s holdings, making the stock its 24th largest position. Kercheville Advisors LLC’s holdings in Cameco were worth $3,752,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CCJ. Financial Consulate Inc. purchased a new stake in Cameco in the 3rd quarter worth approximately $25,000. Trust Co. of Vermont lifted its stake in shares of Cameco by 1,029.4% during the 2nd quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 350 shares during the period. Armstrong Advisory Group Inc. boosted its holdings in shares of Cameco by 110.3% during the third quarter. Armstrong Advisory Group Inc. now owns 347 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 182 shares during the last quarter. Hilltop National Bank acquired a new stake in shares of Cameco during the second quarter worth $30,000. Finally, Atticus Wealth Management LLC purchased a new stake in shares of Cameco in the second quarter valued at $34,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on CCJ shares. Glj Research reissued a “buy” rating and issued a $99.74 price target on shares of Cameco in a research note on Wednesday, December 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cameco in a report on Monday, December 29th. President Capital raised shares of Cameco from a “neutral” rating to a “buy” rating in a research report on Monday, September 22nd. UBS Group assumed coverage on shares of Cameco in a report on Monday, November 10th. They issued a “neutral” rating and a $140.00 target price for the company. Finally, Raymond James Financial increased their price target on shares of Cameco to $150.00 in a research note on Wednesday, October 29th. One equities 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $117.25.

Cameco Stock Performance

NYSE CCJ opened at $98.54 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.99 and a quick ratio of 1.85. Cameco Corporation has a 1-year low of $35.00 and a 1-year high of $110.15. The firm has a market capitalization of $42.91 billion, a P/E ratio of 114.59 and a beta of 1.01. The business’s 50-day simple moving average is $91.39 and its 200-day simple moving average is $83.26.

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). The business had revenue of $313.74 million during the quarter, compared to analysts’ expectations of $531.72 million. Cameco had a net margin of 15.24% and a return on equity of 8.58%. The company’s quarterly revenue was down 14.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.01) EPS. Equities analysts predict that Cameco Corporation will post 1.27 EPS for the current year.

Cameco Increases Dividend

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

About Cameco

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.