Roberts Wealth Advisors LLC Makes New Investment in Cameco Co. (NYSE:CCJ)

Roberts Wealth Advisors LLC acquired a new stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 18,011 shares of the basic materials company’s stock, valued at approximately $895,000.

Other large investors have also modified their holdings of the company. Dantai Capital Ltd raised its stake in shares of Cameco by 44.2% in the 3rd quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock valued at $2,735,000 after buying an additional 17,560 shares in the last quarter. iA Global Asset Management Inc. acquired a new position in Cameco in the third quarter worth about $5,305,000. Telemark Asset Management LLC lifted its stake in Cameco by 8.3% during the third quarter. Telemark Asset Management LLC now owns 1,300,000 shares of the basic materials company’s stock worth $62,088,000 after purchasing an additional 100,000 shares during the period. Principal Financial Group Inc. boosted its holdings in Cameco by 1,138.1% during the third quarter. Principal Financial Group Inc. now owns 267,431 shares of the basic materials company’s stock valued at $12,774,000 after purchasing an additional 245,831 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC bought a new stake in shares of Cameco in the 3rd quarter valued at approximately $1,680,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a research report on Friday, October 4th. 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. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $66.56.

Cameco Price Performance

Shares of Cameco stock opened at $53.60 on Wednesday. The stock has a market capitalization of $23.33 billion, a price-to-earnings ratio of 282.10 and a beta of 0.95. The firm’s 50-day moving average price is $54.52 and its two-hundred day moving average price is $49.24. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. Cameco Co. has a 1-year low of $35.43 and a 1-year high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results 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). The business had revenue of $721.00 million for the quarter, compared to the consensus estimate of $646.83 million. Cameco had a return on equity of 3.33% and a net margin of 4.15%. The firm’s revenue was up 25.4% on a year-over-year basis. During the same quarter last year, the company earned $0.24 earnings per share. On average, equities analysts predict that Cameco Co. will post 0.47 earnings per share for the current fiscal year.

Cameco Increases Dividend

The business also recently declared an annual dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were given a dividend of $0.118 per share. This is an increase from Cameco’s previous annual dividend of $0.09. The ex-dividend date was Wednesday, November 27th. This represents a yield of 0.22%. Cameco’s dividend payout ratio is 63.16%.

About Cameco

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.