Banque Cantonale Vaudoise Sells 7,461 Shares of Cameco Co. (NYSE:CCJ)

Banque Cantonale Vaudoise reduced its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 25.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,276 shares of the basic materials company’s stock after selling 7,461 shares during the period. Banque Cantonale Vaudoise’s holdings in Cameco were worth $1,064,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CCJ. W.G. Shaheen & Associates DBA Whitney & Co grew its position in shares of Cameco by 41.9% during the third quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 224,045 shares of the basic materials company’s stock valued at $10,700,000 after purchasing an additional 66,144 shares in the last quarter. Prospera Financial Services Inc grew its holdings in Cameco by 2.5% during the 3rd quarter. Prospera Financial Services Inc now owns 50,086 shares of the basic materials company’s stock valued at $2,392,000 after buying an additional 1,205 shares in the last quarter. Swiss National Bank increased its stake in Cameco by 0.9% in the 3rd quarter. Swiss National Bank now owns 1,314,400 shares of the basic materials company’s stock worth $62,892,000 after acquiring an additional 11,600 shares during the last quarter. S&CO Inc. raised its holdings in shares of Cameco by 2.3% during the 3rd quarter. S&CO Inc. now owns 562,571 shares of the basic materials company’s stock worth $26,868,000 after acquiring an additional 12,805 shares in the last quarter. Finally, Ipswich Investment Management Co. Inc. bought a new position in shares of Cameco during the 3rd quarter valued at approximately $963,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CCJ. Scotiabank reduced their price target on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Glj Research restated a “buy” rating and set a $63.73 target price on shares of Cameco in a research report on Wednesday, August 14th. National Bank Financial upgraded Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a research note on Friday, October 4th. Finally, Cantor Fitzgerald raised Cameco from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $66.56.

Cameco Stock Up 0.3 %

Shares of NYSE:CCJ opened at $57.61 on Thursday. The firm has a market capitalization of $25.07 billion, a PE ratio of 303.21 and a beta of 0.89. The business has a 50 day simple moving average of $50.51 and a two-hundred day simple moving average of $48.47. Cameco Co. has a 1 year low of $35.43 and a 1 year high of $59.24. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). Cameco had a net margin of 4.15% and a return on equity of 3.33%. The business had revenue of $721.00 million for the quarter, compared to analysts’ expectations of $646.83 million. During the same quarter in the previous year, the firm earned $0.24 EPS. Cameco’s revenue was up 25.4% compared to the same quarter last year. On average, equities analysts predict that Cameco Co. will post 0.7 EPS for the current year.

Cameco Increases Dividend

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