Jamison Private Wealth Management Inc. Purchases 1,223 Shares of Cameco Co. (NYSE:CCJ)

Jamison Private Wealth Management Inc. increased its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 18.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,941 shares of the basic materials company’s stock after acquiring an additional 1,223 shares during the quarter. Jamison Private Wealth Management Inc.’s holdings in Cameco were worth $408,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CCJ. Glenmede Trust Co. NA lifted its position in Cameco by 2.1% during the third quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company’s stock valued at $437,000 after purchasing an additional 191 shares during the last quarter. S.A. Mason LLC lifted its position in Cameco by 6.0% during the third quarter. S.A. Mason LLC now owns 3,655 shares of the basic materials company’s stock valued at $175,000 after purchasing an additional 206 shares during the last quarter. Silvia Mccoll Wealth Management LLC lifted its position in Cameco by 3.9% during the third quarter. Silvia Mccoll Wealth Management LLC now owns 5,610 shares of the basic materials company’s stock valued at $268,000 after purchasing an additional 210 shares during the last quarter. EdgeRock Capital LLC lifted its position in Cameco by 1.7% during the third quarter. EdgeRock Capital LLC now owns 13,689 shares of the basic materials company’s stock valued at $654,000 after purchasing an additional 224 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in Cameco by 71.5% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 238 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors.

Cameco Trading Down 1.4 %

CCJ stock opened at $56.09 on Monday. The company has a market capitalization of $24.42 billion, a PE ratio of 295.24 and a beta of 0.95. Cameco Co. has a one year low of $35.43 and a one year high of $62.55. The company’s 50 day moving average price is $54.70 and its two-hundred day moving average price is $49.42. 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 (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Thursday, November 7th. The basic materials company reported ($0.01) EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $646.83 million. During the same period in the previous year, the firm earned $0.24 earnings per share. The firm’s quarterly revenue was up 25.4% compared to the same quarter last year. As a group, analysts predict that Cameco Co. will post 0.47 earnings per share for the current fiscal year.

Cameco Increases Dividend

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

Wall Street Analyst Weigh In

Separately, Janney Montgomery Scott upgraded shares of 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 issued a strong buy rating to the stock. According to MarketBeat, Cameco has an average rating of “Buy” and an average price target of $66.56.

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.