Saturna Capital Corp Has $323,000 Position in Cameco Co. (NYSE:CCJ)

Saturna Capital Corp lessened its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 71.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,761 shares of the basic materials company’s stock after selling 16,715 shares during the period. Saturna Capital Corp’s holdings in Cameco were worth $323,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Massachusetts Financial Services Co. MA bought a new stake in shares of Cameco in the 2nd quarter worth $73,125,000. M&G PLC bought a new stake in Cameco during the 3rd quarter valued at $66,227,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Cameco during the 1st quarter valued at $31,131,000. King Luther Capital Management Corp purchased a new position in shares of Cameco during the 2nd quarter valued at $32,740,000. Finally, Van ECK Associates Corp grew its position in shares of Cameco by 48.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,584,822 shares of the basic materials company’s stock valued at $75,691,000 after purchasing an additional 515,046 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

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

Cameco Stock Up 1.2 %

CCJ opened at $55.07 on Wednesday. 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 $58.72. The company has a market capitalization of $23.97 billion, a PE ratio of 286.44 and a beta of 0.89. The firm’s 50 day simple moving average is $48.49 and its two-hundred day simple moving average is $48.20.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share 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 business had revenue of $721.00 million during the quarter, compared to the consensus estimate of $646.83 million. During the same quarter in the previous year, the business posted $0.24 earnings per share. The firm’s revenue was up 25.4% on a year-over-year basis. As a group, equities analysts forecast that Cameco Co. will post 0.69 EPS for the current year.

Cameco Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.118 per share. 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 is Wednesday, November 27th. Cameco’s dividend payout ratio (DPR) is presently 47.37%.

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.