GSA Capital Partners LLP Buys New Shares in Cameco Co. (NYSE:CCJ)

GSA Capital Partners LLP bought a new stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 38,358 shares of the basic materials company’s stock, valued at approximately $1,832,000.

Other hedge funds have also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. purchased a new stake in Cameco in the first quarter valued at $232,000. Susquehanna Fundamental Investments LLC purchased a new stake in Cameco in the first quarter valued at $295,000. US Bancorp DE boosted its holdings in Cameco by 3.0% in the first quarter. US Bancorp DE now owns 26,933 shares of the basic materials company’s stock valued at $1,167,000 after purchasing an additional 773 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in Cameco by 15.2% in the first quarter. Avantax Advisory Services Inc. now owns 32,253 shares of the basic materials company’s stock valued at $1,397,000 after purchasing an additional 4,249 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Cameco in the first quarter valued at $31,131,000. 70.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on CCJ. Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a report on Friday, October 4th. Cantor Fitzgerald raised shares of Cameco from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 31st. Glj Research reissued a “buy” rating and set a $63.73 target price on shares of Cameco in a research note on Wednesday, August 14th. Scotiabank lowered their target price on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Finally, National Bank Financial raised shares of Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $66.56.

Cameco Trading Up 4.5 %

Shares of Cameco stock opened at $54.42 on Wednesday. The firm has a market capitalization of $23.68 billion, a PE ratio of 286.42 and a beta of 0.89. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $58.72. The firm’s 50-day moving average price is $48.49 and its 200 day moving average price is $48.20. The company has a current ratio of 3.22, a quick ratio of 1.48 and a debt-to-equity ratio of 0.23.

Cameco (NYSE:CCJ) (TSE:CCO) last released 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). The business had revenue of $721.00 million during the quarter, compared to analyst estimates of $646.83 million. Cameco had a net margin of 4.15% and a return on equity of 3.33%. The firm’s revenue was up 25.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.24 EPS. On average, sell-side analysts predict that Cameco Co. will post 0.83 EPS for the current fiscal year.

Cameco Increases Dividend

The firm 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 $0.118 dividend. This is an increase from Cameco’s previous annual dividend of $0.09. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a yield of 0.22%. Cameco’s dividend payout ratio is presently 57.89%.

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.