Huntington National Bank Acquires 1,045 Shares of Cameco Co. (NYSE:CCJ)

Huntington National Bank boosted its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 8.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,827 shares of the basic materials company’s stock after buying an additional 1,045 shares during the period. Huntington National Bank’s holdings in Cameco were worth $660,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Cameco by 1.3% in the first quarter. Vanguard Group Inc. now owns 15,911,954 shares of the basic materials company’s stock valued at $689,306,000 after purchasing an additional 200,871 shares in the last quarter. Capital World Investors grew its holdings in Cameco by 1.6% during the 1st quarter. Capital World Investors now owns 13,708,235 shares of the basic materials company’s stock valued at $593,524,000 after buying an additional 215,741 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Cameco by 3.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,514,500 shares of the basic materials company’s stock valued at $282,210,000 after buying an additional 202,157 shares during the period. William Blair Investment Management LLC lifted its holdings in shares of Cameco by 6.8% in the second quarter. William Blair Investment Management LLC now owns 4,160,009 shares of the basic materials company’s stock worth $204,672,000 after buying an additional 265,196 shares in the last quarter. Finally, Driehaus Capital Management LLC boosted its position in shares of Cameco by 4.7% in the second quarter. Driehaus Capital Management LLC now owns 3,915,086 shares of the basic materials company’s stock valued at $192,622,000 after acquiring an additional 176,183 shares during the period. Institutional investors own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

CCJ has been the topic of several recent analyst reports. Cantor Fitzgerald upgraded shares of Cameco from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 31st. Scotiabank dropped their price objective on Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. Glj Research restated a “buy” rating and issued a $63.73 target price on shares of Cameco in a research note on Wednesday, August 14th. Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a research report on Friday, October 4th. Finally, National Bank Financial raised Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, five have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Cameco currently has an average rating of “Buy” and an average target price of $66.56.

Cameco Trading Up 0.9 %

NYSE CCJ opened at $53.59 on Friday. The stock’s 50-day simple moving average is $49.73 and its two-hundred day simple moving average is $48.33. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $58.72. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $23.32 billion, a price-to-earnings ratio of 282.05 and a beta of 0.89.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). Cameco had a return on equity of 3.33% and a net margin of 4.15%. The firm had revenue of $721.00 million during the quarter, compared to the consensus estimate of $646.83 million. During the same quarter in the previous year, the firm earned $0.24 EPS. The business’s quarterly revenue was up 25.4% compared to the same quarter last year. Research analysts forecast that Cameco Co. will post 0.69 EPS for the current fiscal year.

Cameco Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be given a $0.118 dividend. This represents a yield of 0.22%. The ex-dividend date is Wednesday, November 27th. This is a boost from Cameco’s previous annual dividend of $0.09. Cameco’s dividend payout ratio (DPR) is presently 57.89%.

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.