Metis Global Partners LLC Has $1.15 Million Stock Holdings in Cameco Co. (NYSE:CCJ)

Metis Global Partners LLC reduced its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 1.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,008 shares of the basic materials company’s stock after selling 294 shares during the quarter. Metis Global Partners LLC’s holdings in Cameco were worth $1,147,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Huntington National Bank grew its holdings in shares of Cameco by 8.2% during the third quarter. Huntington National Bank now owns 13,827 shares of the basic materials company’s stock valued at $660,000 after buying an additional 1,045 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Cameco by 9.7% during the third quarter. Oppenheimer & Co. Inc. now owns 32,397 shares of the basic materials company’s stock valued at $1,547,000 after buying an additional 2,859 shares during the last quarter. Cumberland Partners Ltd grew its holdings in shares of Cameco by 1.5% during the third quarter. Cumberland Partners Ltd now owns 274,843 shares of the basic materials company’s stock valued at $13,144,000 after buying an additional 4,140 shares during the last quarter. Verus Capital Partners LLC grew its holdings in shares of Cameco by 8.9% during the third quarter. Verus Capital Partners LLC now owns 17,582 shares of the basic materials company’s stock valued at $840,000 after buying an additional 1,432 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of Cameco by 144.0% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 121,881 shares of the basic materials company’s stock valued at $5,822,000 after buying an additional 71,940 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Performance

Shares of CCJ stock opened at $53.59 on Friday. The firm has a market cap of $23.32 billion, a price-to-earnings ratio of 282.05 and a beta of 0.89. 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 Co. has a 52 week low of $35.43 and a 52 week high of $58.72. The firm’s 50-day simple moving average is $49.73 and its two-hundred day simple moving average is $48.33.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data 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). The company had revenue of $721.00 million during 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 business’s revenue was up 25.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 EPS. As a group, equities analysts forecast that Cameco Co. will post 0.69 earnings per share for the current year.

Cameco Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be given a $0.118 dividend. This is a positive change 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 payout ratio is currently 57.89%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CCJ shares. Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a report on Friday, October 4th. National Bank Financial raised shares of Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. Glj Research reissued a “buy” rating and set a $63.73 price target on shares of Cameco in a research report on Wednesday, August 14th. Scotiabank dropped their price target on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Finally, Cantor Fitzgerald raised shares of Cameco from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 31st. One investment 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 company. Based on data from MarketBeat, Cameco presently has a consensus rating of “Buy” and an average target price of $66.56.

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.