Fiduciary Trust Co Has $976,000 Stock Holdings in Cameco Co. (NYSE:CCJ)

Fiduciary Trust Co lifted its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 5.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,443 shares of the basic materials company’s stock after purchasing an additional 1,086 shares during the quarter. Fiduciary Trust Co’s holdings in Cameco were worth $976,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Tidal Investments LLC increased its holdings in Cameco by 15.5% in the 1st quarter. Tidal Investments LLC now owns 20,036 shares of the basic materials company’s stock valued at $868,000 after buying an additional 2,683 shares during the period. LRI Investments LLC bought a new position in Cameco in the first quarter valued at approximately $26,000. DekaBank Deutsche Girozentrale increased its stake in Cameco by 22.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 124,821 shares of the basic materials company’s stock valued at $5,338,000 after acquiring an additional 22,820 shares during the last quarter. First Hawaiian Bank raised its position in Cameco by 9.3% during the second quarter. First Hawaiian Bank now owns 5,763 shares of the basic materials company’s stock valued at $284,000 after purchasing an additional 490 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its stake in Cameco by 1,051.4% during the second quarter. Massmutual Trust Co. FSB ADV now owns 3,696 shares of the basic materials company’s stock worth $182,000 after purchasing an additional 3,375 shares during the last quarter. Institutional investors own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

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

Cameco Stock Performance

NYSE:CCJ opened at $59.47 on Friday. The stock’s 50-day moving average is $53.36 and its 200-day moving average is $48.95. The stock has a market cap of $25.88 billion, a P/E ratio of 313.00 and a beta of 0.89. Cameco Co. has a 1-year low of $35.43 and a 1-year high of $60.98. 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 (NYSE:CCJ) (TSE:CCO) last posted its 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). 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 company’s revenue was up 25.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 earnings per share. Equities research analysts anticipate that Cameco Co. will post 0.51 earnings per share for the current year.

Cameco Increases Dividend

The business also recently announced an annual dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be given a dividend of $0.118 per share. This is a positive change from Cameco’s previous annual dividend of $0.09. This represents a yield of 0.22%. The ex-dividend date of this dividend is Wednesday, November 27th. Cameco’s dividend payout ratio (DPR) is currently 57.89%.

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.