4,336 Shares in Cameco Co. (NYSE:CCJ) Purchased by Drive Wealth Management LLC

Drive Wealth Management LLC acquired a new stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,336 shares of the basic materials company’s stock, valued at approximately $223,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CCJ. Sei Investments Co. raised its stake in Cameco by 285.3% during the second quarter. Sei Investments Co. now owns 71,774 shares of the basic materials company’s stock valued at $3,530,000 after buying an additional 53,144 shares in the last quarter. Susquehanna Fundamental Investments LLC raised its stake in Cameco by 1,489.7% during the second quarter. Susquehanna Fundamental Investments LLC now owns 108,100 shares of the basic materials company’s stock valued at $5,319,000 after buying an additional 101,300 shares in the last quarter. Creative Planning raised its stake in Cameco by 53.4% during the second quarter. Creative Planning now owns 50,352 shares of the basic materials company’s stock valued at $2,477,000 after buying an additional 17,536 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Cameco by 78.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,788 shares of the basic materials company’s stock valued at $285,000 after buying an additional 2,552 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in Cameco during the second quarter valued at approximately $542,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a research note on Friday, October 4th. One investment 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’s stock. Based on data from MarketBeat, Cameco presently has a consensus rating of “Buy” and an average target price of $66.56.

Cameco Stock Down 15.2 %

Shares of Cameco stock opened at $47.50 on Tuesday. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The business’s 50 day simple moving average is $54.70 and its 200-day simple moving average is $49.39. The stock has a market capitalization of $20.68 billion, a price-to-earnings ratio of 250.02 and a beta of 0.95. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly 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 company had revenue of $721.00 million for the quarter, compared to analyst estimates of $646.83 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The firm’s revenue for the quarter was up 25.4% compared to the same quarter last year. Equities research analysts forecast that Cameco Co. will post 0.47 earnings per share for the current year.

Cameco Increases Dividend

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

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.