Zurcher Kantonalbank Zurich Cantonalbank Acquires 47,230 Shares of Cameco Co. (NYSE:CCJ)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 22.7% in the 3rd quarter, Holdings Channel reports. The fund owned 255,434 shares of the basic materials company’s stock after purchasing an additional 47,230 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Cameco were worth $12,216,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. William Blair Investment Management LLC grew its holdings in shares of Cameco by 6.8% during the 2nd quarter. William Blair Investment Management LLC now owns 4,160,009 shares of the basic materials company’s stock worth $204,672,000 after purchasing an additional 265,196 shares in the last quarter. Driehaus Capital Management LLC increased its holdings in Cameco by 4.7% in the 2nd quarter. Driehaus Capital Management LLC now owns 3,915,086 shares of the basic materials company’s stock valued at $192,622,000 after buying an additional 176,183 shares during the period. CIBC Asset Management Inc raised its stake in shares of Cameco by 58.0% in the 3rd quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock valued at $181,382,000 after buying an additional 1,386,639 shares in the last quarter. Cibc World Market Inc. lifted its holdings in shares of Cameco by 3.7% during the 2nd quarter. Cibc World Market Inc. now owns 3,272,805 shares of the basic materials company’s stock worth $161,022,000 after acquiring an additional 117,722 shares during the period. Finally, National Bank of Canada FI boosted its position in shares of Cameco by 16.9% during the 2nd quarter. National Bank of Canada FI now owns 2,634,371 shares of the basic materials company’s stock valued at $129,540,000 after acquiring an additional 381,176 shares in the last quarter. 70.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Glj Research reissued a “buy” rating and issued a $63.73 price target on shares of Cameco in a research report on Wednesday, August 14th. National Bank Financial raised Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a report on Friday, October 4th. Finally, Scotiabank cut their price target on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $66.56.

Cameco Price Performance

Shares of CCJ stock opened at $59.45 on Friday. The stock’s fifty day moving average is $53.36 and its 200-day moving average is $48.94. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $60.98. The stock has a market capitalization of $25.87 billion, a PE ratio of 312.89 and a beta of 0.89.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) EPS 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 company had revenue of $721.00 million for the quarter, compared to the consensus estimate of $646.83 million. During the same period in the prior year, the company earned $0.24 EPS. The firm’s revenue was up 25.4% compared to the same quarter last year. Equities research analysts expect that Cameco Co. will post 0.51 EPS for the current fiscal year.

Cameco Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.118 per share. This is an increase from Cameco’s previous annual dividend of $0.09. The ex-dividend date is Wednesday, November 27th. This represents a yield of 0.22%. Cameco’s dividend payout ratio is currently 57.89%.

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.